“The new team is also well suited to the fund’s approach with members offering complementary skill sets,” said Morningstar. “Dan Hyman is a mortgage expert; David Braun heads up the firm’s U.S. financial institutions group portfolio management team and also has experience managing tax-aware and income-focused portfolios; finally Jerome Schneider, a past winner of Morningstar’s Fund Manager of the Year award, brings expertise in managing liquidity and active ETF portfolios. The three managers are supported by PIMCO’s usual depth of analytical resources.”

Related: Top 56 High Yield Bond ETFs

Over 71% of BOND’s holdings are Treasuries or mortgage-backed securities (MBS). The fund also allocates 27% to investment-grade corporate debt.

Morningstar has a Silver rating on BOND.

For more information on the bond market, please visit our Fixed Income Channel.

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