Mr. Cocini will oversee PIMCO’s business in Italy, France and Iberia; PIMCO also announces that Adriano Nelli will become Head of Italy

Mr. Mittal, a 16-year veteran of PIMCO, will report to Dan Ivascyn, Managing Director and PIMCO Group Chief Investment Officer

David Flattum, Managing Director and Global General Counsel, will retire at the end of 2023 after a 17-year career at PIMCO

Three out of four consultants prefer to retain retiree assets in plan

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) aims to deliver diversified yield by prudently selecting assets among various sectors across the global bond market The PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) will invest primarily in short-term U.S. government related debt

The fund will invest primarily in Preferred and Capital Securities, which may provide investors diversification, favorable tax treatment, and opportunity for attractive yields.

The Fund will invest in public and private commercial real estate markets, seeking to harness the expertise and resources of PIMCO’s $190 billion CRE platform.

Joachim Fels, PIMCO’s current Global Economic Advisor, is retiring after an almost four decade career