The issuer of the investment fund described is PIMCO (Pacific Investment Management Company). PIMCO manages the fund, which aims to achieve its investment objective by investing in a portfolio of component securities from the ICE BofA 0-5 Year US High Yield Constrained Index, along with fixed income instruments and derivatives. The fund focuses on high-yield corporate debt with maturities of less than 5 years.
The fund primarily invests in ICE BofA 0-5 Year US High Yield Constrained Index's component securities, aiming to achieve income from high yield corporate debt with maturities under 5 years. While utilizing a representative sampling strategy, the fund's objective is to closely match the index's performance, while also allowing for potential income and capital appreciation opportunities.
The HYS fund's investment strategy aims to invest at least 80% of its assets in securities from the ICE BofA 0-5 Year US High Yield Constrained Index, with the remaining portion in Fixed Income Instruments. The fund's portfolio duration closely mirrors the index's securities, targeting an average of 2.41 years as of September 30, 2022. The index comprises US dollar-denominated, sub-investment grade corporate debt securities with maturities under 5 years. It follows a capitalization-weighted approach, limiting individual securities' allocation to 2%.
The HYS fund aims to achieve its investment objective by allocating at least 80% of its assets to component securities of the ICE BofA 0-5 Year US High Yield Constrained Index. These securities are comprised of U.S. dollar-denominated corporate debt with below investment-grade ratings and maturities under 5 years. The fund may invest the remaining assets in non-component fixed income instruments, cash, and short-term instruments, while maintaining a duration closely aligned with the index.
The HYS High-Yield Bond Fund predominantly invests in the component securities of the ICE BofA 0-5 Year US High Yield Constrained Index (Underlying Index), aiming to maintain at least 80% exposure. Additionally, the fund may allocate the remaining assets to fixed income instruments that align with the Underlying Index's tracking, along with cash and short-term instruments. The fund primarily focuses on U.S. dollar-denominated below investment grade corporate debt securities with maturities under 5 years, emphasizing the high-yield bond sector.
The HYS Fund aims to achieve its objective by investing at least 80% of its assets in securities from the ICE BofA 0-5 Year US High Yield Constrained Index. It may invest the rest in Fixed Income Instruments to track the Index closely, along with cash and short-term instruments. The Index consists of US dollar-denominated, below investment grade corporate debt securities with maturities under 5 years, with constituents weighted by outstanding amount, capped at 2% per entity.
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