PIMCO Total Return ETF (NYSEArca: BOND) currently holds government Treasury 10%, Government agency 2%, mortgage 41%, investment grade 7%, high yield 4%, non-U.S. developed 12%, emerging markets 1%, municipal %, other 4% and money market/cash equivalents 11%. BOND has a 2.20% 30-day SEC yield and a 0.55% expense ratio. [How PIMCO Manages Its Active ETFs]
With interest rates so low and corporate spreads so tight, “you have to be leery of prices going the other way,” Gross told Bloomberg. PIMCO “might begin a shift toward something safer, and something more clean in terms of those dirty-shirt investments.”
For more information on bonds, visit our bond ETFs category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own BOND.