ETF Spotlight on the PIMCO 0-5 Year High Yield Corporate Bond Index Fund (NYSEArca: HYS), part of an ongoing series.
Assets: $313.8 million.
Objective: The 0-5 Year High Yield Corporate Bond Index Fund tries to reflect the performance of the BofA Merrill Lynch 0-5 Year High Yield Constrained Index, which is comprised of high-yield corporate bonds with a short maturity.
Holdings: Top holdings include: Repo 6.5%, Ally Financial 2.5%, Sprint Nextel 2.1%, HCA Unsec Glbl 1.8% and MGM Resorts Intl 1.5%.