PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
4% more funds holding
Funds holding: 223 [Q2] → 231 (+8) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 80
4% more capital invested
Capital invested by funds: $826M [Q2] → $856M (+$29.7M) [Q3]
5.84% less ownership
Funds ownership: 67.49% [Q2] → 61.65% (-5.84%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HYS.
Financial journalist opinion
Negative
Seeking Alpha
3 months ago
HYS: Beware Rate Cutting Cycles
The PIMCO 0-5 Year High Yield Corporate Bond Index ETF gives investors exposure to short-duration high-yield bonds. While HYS may benefit initially from the Fed's rate cuts, historical trends show high-yield bonds underperform during recessions and economic slowdowns. Investors should high grade portfolios now, by considering investment-grade bonds and CLOs.
Neutral
Seeking Alpha
6 months ago
HYS Vs. HYG: Little To Differentiate These HY Corporate ETFs
The iShares iBoxx $ High Yield Corporate Bond ETF is the largest "junk bond" ETF. The PIMCO 0-5 Year High Yield Corporate Bond Index ETF has better return data but seems to have a higher risk portfolio. Both ETFs are reviewed in depth and then compared. My conclusion: it is a toss-up as to which is the better ETF to hold short-term and/or long-term.
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