American Association of Individual Investors

American Association of Individual Investors

Active Multisector Bond ETF Maintains Resilience Through Diversification

A key tenet of PIMCO’s multisector portfolio is emphasizing diversification using a full macroeconomic toolkit.

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AAII
May 19, 2026
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Charles Rotblut leads a class in AAII’s new Essential Investing Video Course. Go to https://www.aaii.com/ves for more information and to subscribe.

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  • How a PIMCO multisector bond ETF combines diversification, active management and macroeconomic tools to pursue yield and manage risk

  • Differences from traditional bond funds, including broader credit exposure and a flexible strategy

  • How interest rates, credit quality and market conditions impact performance and risk

Sonali Pier is a managing director and portfolio manager at PIMCO’s Newport Beach office, where she is the lead portfolio manager for diversified income. Cynthia McLaughlin and Charles Rotblut, CFA, talked with Pier in early March about PIMCO Multisector Bond Active ETF (PYLD) and what makes it unique.

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