- What does PMBS invest in?
- PMBS actively invests in a wide range of mortgage-related securities, aiming to generate consistent returns across market cycles. The portfolio will contain securities of varying maturities, with duration typically will range from 1 to 7 years. Up to 15 percent of the portfolio may be invested in high yield securities or unrated securities. The fund can invest without limitations in derivatives such as options, futures, and swaps. Additionally, up to 20 percent of assets may be allocated to certain complex mortgage-related securities such as interest only, principle only, or inverse floaters, and another 10% in equity instruments such as preferred securities. The Fund can also engage in short sales, buy/sell on a when-issued basis, and use various tactical investment techniques to gain market exposure. Prior to the ETF launch, the strategy was available in a mutual fund structure which started in July 1997. The fund brought over $98.2 million at the time of conversion.
- What is the expense ratio of PMBS?
- PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PMBS's dividend yield?
- PMBS's trailing-twelve-month yield is 4.93%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PMBS?
- Effective duration measures PMBS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PMBS's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PMBS?
- PMBS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PMBS?
- Yield to maturity (YTM) is the total return you'd earn from PMBS if every bond in the portfolio is held to maturity at the current price. PMBS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
