PYLD is a diversified multi-sector bond ETF from PIMCO. The fund focuses on MBS and CMOs, with a good credit quality and leverage that boosts yield and returns. It sports an above-average 5.5% yield, and has outperformed most of its peers since inception.
PYLD is an actively managed fixed income ETF from PIMCO and highlights its advantages in the current market environment. PYLD offers a high distribution yield (5.96%) and the potential for further returns through active management. The fund benefits from its overweight allocation to CMOs (collateralized mortgage obligations) which are less sensitive to credit spreads compared to traditional bonds.