# PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR (STHE)

**Page:** https://fundology.uk/fund/sthe · ISIN IE00BF8HV600

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, STHE (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR, ISIN IE00BF8HV600) closed at €68.80 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its price changed by −19.5% (income paid out is not included), or −37.1% after UK CPIH inflation.

## Summary

PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR is an exchange-traded fund (ETF) from PIMCO, launched in 2012. It tracks the ICE BofA US High Yield Constrained (0-5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.6% a year — about £60 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.

Latest close: **€68.80** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | STHE |
| ISIN | IE00BF8HV600 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | PIMCO |
| Tracks | ICE BofA US High Yield Constrained (0-5 Y) |
| Income | Distributing |
| Ongoing charge | 0.60% a year (£60 per £10,000) |
| Fund size | £566m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/10/2013 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -8.05% | -11.30% | income reinvested |
| 3 years | -9.87% | -18.57% | price only |
| 5 years | -19.47% | -37.15% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included): 2022 −6.4%, 2023 +0.2%, 2024 −5.3%, 2025 +3.9%; 2026 to 13/11/2026 −10.6%. Returns of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −8.5%; to 30/09/2025: +2.9%; to 30/09/2024: −0.4%; to 30/09/2023: −1.6%; to 30/09/2022: −10.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.4% | -14.3% | Price |
| 2023 | +0.2% | -3.8% | Price |
| 2024 | -5.3% | -8.5% | Price |
| 2025 | +3.9% | +0.3% | Price |
| 2026 to 13/11/2026 | -10.6% | -13.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.71% | -12.10% |
| 3 years | 4.84% | -12.31% |
| 5 years | 6.62% | -19.73% |

## Largest fall

Volatility of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR in pounds, annualised from weekly returns to 13/11/2026: 4.7% over 1 year, 4.8% over 3 years, 6.6% over 5 years. Largest fall in the price of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR since November 2021, in pounds: −18.9% from 10/12/2021 to 23/10/2026. The lowest 12-month return of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included) since January 2021 was −13.2% (12 months to 08/07/2022); the highest was +4.7% (12 months to 19/12/2025). On 13/11/2026 the price of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR was 18.7% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once).

## Funds tracking the same index

5 funds track ICE BofA US High Yield Constrained (0-5 Y), this one included and share classes counted once; their ongoing charges range from 0.55% to 0.60% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Accum Hedged EUR | 0.60% | -5.3% | +12.5% | +11.5% |
| PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Accum USD | 0.55% | +1.3% | +14.9% | +27.6% |
| PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR (this fund) | 0.60% | -8.0% | — | — |
| PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged GBP | 0.60% | -0.7% | +11.8% | +11.1% |
| PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF USD | 0.55% | -1.5% | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.60%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of STHE?**

The ongoing charge of STHE is 0.60% a year — about £60 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF Hedged EUR 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once).

**What does STHE track?**

STHE tracks the ICE BofA US High Yield Constrained (0-5 Y).

**Is STHE accumulating or distributing?**

STHE is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of STHE?**

The ISIN of STHE is IE00BF8HV600. An ISIN identifies one exact share class of a fund; STHE is its ticker on the London Stock Exchange.

**What were STHE’s returns in each of the last five years?**

Calendar-year returns of STHE in pounds (price only, income paid out not included): 2022 −6.4%, 2023 +0.2%, 2024 −5.3%, 2025 +3.9%; 2026 to 13/11/2026 −10.6%. Past performance is not a guide to future returns.

**How has STHE done after inflation?**

Over the five years to 13/11/2026 STHE’s price changed by −19.5% (income paid out is not included), or −37.1% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.