PIMCO US Short-Term High Yield Corporate Bond UCITS ETF
STYC.L
London Stock Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3rd Floor, Harcourt Building, Harcourt Street Dublin Ireland D02 F721
- IPO Date
- Apr 30, 2015
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF USD Acc (STYC.L) is an exchange-traded fund that seeks to track the performance of the BofA Merrill Lynch US High Yield Constrained 0-5 Index (also referred to as the ICE BofA 0-5 Year US High Yield Constrained Index), providing exposure to short-maturity US high yield corporate bonds with limited interest-rate sensitivity and low credit quality; it employs a physical sampling replication method, accumulating interest income for reinvestment, with a total expense ratio of 0.55% p.a. and approximately 739 holdings primarily consisting of non-investment grade corporate bonds issued by US companies across various sectors, supplemented by minimal allocations to US Treasury securities, other sovereign debt, and cash equivalents for liquidity and risk management. Launched on 30 April 2015 and domiciled in Ireland as an open-ended investment company UCITS-compliant structure managed by PIMCO Global Advisors (Ireland) Limited under the umbrella of PIMCO ETFs plc, with investment advice from PIMCO Europe Ltd and portfolio management led by Andrew Jessop since May 2017, the ETF operates with assets under management of around EUR 83 million (equivalent to approximately GBP 323 million share class size) and trades on exchanges including the London Stock Exchange, SIX Swiss Exchange, and Borsa Italiana in USD. Geographically focused on USD-denominated instruments from primarily US issuers (over 66% allocation), with secondary exposure to Canada, the UK, Bermuda, and other regions, it targets institutional and retail investors seeking high yield income from short-duration corporate debt portfolios; key top holdings as of recent data include US Treasury notes, EchoStar Corp., and Tibco Software Inc. bonds. In recent developments, PIMCO has expanded its UCITS ETF suite with the launch of two new actively managed fixed income products in December 2025—the PIMCO Global Aggregate Bond UCITS ETF and PIMCO Euro Aggregate Bond UCITS ETF—aimed at providing diversified government bond exposure to outperform benchmarks like the Bloomberg Global Aggregate Treasury Index, reflecting broader strategic growth in active ETF offerings amid normalizing monetary policies; the firm also announced a name change for its PIMCO Emerging Markets Advantage Local Bond UCITS ETF to PIMCO Advantage Emerging Markets Local Bond UCITS ETF effective October 2025, with no alterations to investment strategy, and implemented sub-fund name adjustments across PIMCO ETFs plc effective December 2025. While no specific acquisitions, funding rounds, or partnerships were reported directly for STYC.L in the last 1-2 years, PIMCO's European ETF platform has faced outflows and paused new launches since 2017, prompting shifts like the active management transition of its Euro Short-Term High Yield Corporate Bond UCITS ETF in late 2025 to capture alpha opportunities, alongside ongoing enhancements in its short-term high yield strategy powered by proprietary analytics and credit research.