PYLD: PIMCO's Active ETF Is Still Growing And Offering Attractive Returns

  • PIMCO Multisector Bond Active ETF remains a buy due to its balanced, rates-focused portfolio, overweighting MBS and securitized credit while underweighting overvalued IG and HY corporate credit. The fund's strong 8.4% total return is driven mainly by attractive yields, with low annualized volatility and a 5.4% SEC yield. PYLD's intermediate duration (4.5 years) is well-positioned for the current macro environment, offering flexibility and resilience to rate changes.