PIMCO Multi Sector Bond Active ETF

PYLD

Market cap $12.2B

The opening act of 2026 has been nothing short of historic for the ETF industry, and fixed income is experiencing one of the strongest starts to a year on record.

After a record $1.5 trillion year for the ETF industry in 2025, demand has not slowed down in January. Indeed, as of January 21, ETFs had already gathered $103 billion of new money.

PIMCO Multisector Bond Active Exchange-Traded Fund ETF is a benchmark-agnostic multisector active ETF with a TER of 0.69%. It offers a competitive yield compared to AGG solutions: the Yield to Maturity is 6.62%. It approaches a different market segment compared to CARY, BINC, and JPIE, more tilted toward securitized.

PIMCO is broadening its ETF lineup. It has launched a new strategy that blends passive equity exposure with active fixed income management.

With 2025 in the books, it will be a difficult year to top for fixed income exchange-traded funds (ETFs), but Morningstar is predicting more excitement to come. That should keep fixed income investors fixated on what new developments the space brings this year.

John Davi, founder and chief investment officer at Astoria Portfolio Advisors, joined host Nate Geraci this week on ETF Prime to discuss his firm's 15th annual report highlighting ten ETF picks for 2026. Davi described these as dynamic satellite ideas intended for six to 12-month holding periods rather than short-term tactical trades.

Although many ETF investors believe the Fed's December rate meeting is the final hurdle to clear in 2025, there are increasing signs that a new market cycle is already underway. Astoria Portfolio Advisors founder, CEO and CIO John Davi and LionShares CEO Sofia Massie sit down with CNBC's Contessa Brewer on “ETF Edge” to discuss the best way to position a portfolio as we near the end of the year, the set-up for 2026, key trends to watch for, and why it's important to look beyond the Mag 7.

Demand for U.S.-listed actively managed fixed income ETFs remains robust, following the Fed's renewed rate cutting program. YTD through November 7, active fixed income ETFs have gathered $147 billion in net inflows.

PIMCO Multisector Bond Active ETF offers diversified fixed income exposure with active management, focusing on income and capital appreciation. PYLD maintains a low volatility profile, high turnover, and significant allocation to agency mortgage-backed securities, benefiting from current market conditions. The fund's flexible, benchmark-agnostic strategy allows dynamic duration and sector allocation, adapting to changing interest rate environments.

PYLD is an actively managed, diversified bond ETF, focusing on MBS and securitized investments. As with several ETFs in this niche, it has an above-average 5.9% dividend yield, below-average risk, and volatility. It has significantly outperformed most bonds since inception and marginally outperformed its close peers. Solid choice, although not too different from peers.