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Aim Higher with PIMCO ETFs

Follow the opportunity, not the index


Morningstar™ Rating is monthly, unless otherwise stated.


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Why Active Fixed Income Matters More Today

Finding opportunities to enhance yield while managing the growing credit risk aren’t possible for passive – but are critical for investors in today’s markets.

PIMCO's ETF Platform

PIMCO has been at the forfront of active fixed income ETF investing for a decade.

Explore PIMCO's ETF Strategies 
  • Pioneer in active ETFs

    Among the first active fixed income ETF managers with the launch of MINT in 2009

  • $35 Billion

    In ETF assets under management globally*

  • World's largest

    Active fixed income ETF manager*

  • Nearly 50 Years

    Of active fixed income management expertise*

Learn More About Our ETF Strategies

Talk with our team today.

Disclosures

*Data as of 31 October 2020.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus, which may be obtained by contacting your PIMCO representative or by clicking HERE. Please read the prospectus carefully before you invest.

ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to the costs inherent in buying or selling Fund shares, frequent trading may detract significantly from investment returns. Investment in Fund shares may not be advisable for investors who expect to engage in frequent trading.

The Indexed ETFs use an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. These ETFs invest in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index

ETFs are subject to secondary market trading risks. Shares of an ETF will be listed for trading on an exchange, however, there can be no guarantee that an active trading market for such shares will develop or continue. There can be no guarantee that an ETF's exchange listing or ability to trade its shares will continue or remain unchanged. Shares of an ETF may trade on an exchange at prices at, above or below their most recent NAV. The per share NAV of an ETF is calculated at the end of each business day, and fluctuates with changes in the market value of the Fund's holdings. The trading prices of an ETF's shares fluctuate continuously throughout the trading day based on market supply and demand, which may not correlate to NAV. The trading prices of an ETF's shares may differ significantly from NAV during periods of market volatility, which may, among other factors, lead to the Fund's shares trading at a premium or discount to NAV.

Premiums (when market price is above NAV) or discounts (when market price is below NAV) reflect the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A discount or premium could be significant. Data in chart format displaying the frequency distribution of discounts and premiums of the Market Price against the NAV can be found for each Fund at www.pimcoetfs.com.

Exchange Traded Funds (“ETFs”) are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETF. Purchases and redemptions directly with an ETF are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF are bought and sold at market price (not net asset value (“NAV”)). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF's prospectus.

Current holdings are subject to risk. Holdings are subject to change at any time. An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed.

A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance. The performance figures presented reflect the total return performance and reflect changes in share price and reinvestment of dividend and capital gain distributions. All periods longer than one year are annualized.

A word about risk: Investing in the bond market is subject to certain risks including the risk that fixed income securities will decline in value because of changes in interest rates; the risk that fund shares could trade at prices other than the net asset value; and the risk that the manager's investment decisions might not produce the desired results. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Model Risk is the risk that the investment models used in constructing the Underlying Index may not adequately take into account certain factors and may result in a decline in the value of the Underlying Index and, therefore, the Fund. Management and Tracking Error Risk is the risk that the portfolio manager’s investment decisions may not produce the desired results or that the Fund’s portfolio may not closely track the Underlying Index for a number of reasons. Diversification does not ensure against loss.

Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by PIMCO will reflect the beliefs or values of any one particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and PIMCO is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that the socially responsible investing strategy and techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.

There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.

© 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

A rating is not a recommendation to buy, sell or hold a fund. © 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Rating™ as of 31 October 2020.  The 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund was rated against the following numbers of High Yield Bond funds over the following time periods: Overall 3 Stars (625 funds rated); 3 Yrs. 2 Stars (625 funds rated); 5 Yrs. 3 Stars (541 funds rated).The 1-5 Year U.S. TIPS Index Exchange-Traded Fund was rated against the following numbers of Inflation-Protected Bond funds over the following time periods: Overall 2 Stars (200 funds rated); 3 Yrs. 2 Stars (200 funds rated); 5 Yrs. 2 Stars (172 funds rated); 10 Yrs. 2 Stars (116 funds rated).The 15+ Year U.S. TIPS Index Exchange-Traded Fund was rated against the following numbers of Inflation-Protected Bond funds over the following time periods: Overall 5 Stars (200 funds rated); 3 Yrs. 5 Stars (200 funds rated); 5 Yrs. 5 Stars (172 funds rated); 10 Yrs. 5 Stars (116 funds rated).The 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund was rated against the following numbers of Long Government funds over the following time periods: Overall 5 Stars (29 funds rated); 3 Yrs. 5 Stars (29 funds rated); 5 Yrs. 5 Star (26 funds rated); 10 Yrs. 5 Stars (22 funds rated).The Active Bond Exchange-Traded Fund was rated against the following numbers of Intermediate Core-Plus Bond funds over the following time periods: Overall 3 Stars (540 funds rated); 3 Yrs. 3 Stars (540 funds rated); 5 Yrs. 3 Stars (458 funds rated).The Broad U.S. TIPS Index Exchange-Traded Fund was rated against the following numbers of Inflation-Protected Bond funds over the following time periods: Overall 4 Stars (200 funds rated); 3 Yrs. 4 Stars (200 funds rated); 5 Yrs. 4 Stars (172 funds rated); 10 Yrs. 4 Stars (116 funds rated).The Enhanced Low Duration Active Exchange-Traded Fund was rated against the following numbers of Intermediate Short-Term Bond funds over the following time periods: Overall 4 Stars (512 funds rated); 3 Yrs. 4 Stars (512 funds rated); 5 Yrs. 4 Stars (455 funds rated).The Enhanced Short Maturity Active Exchange-Traded Fund was rated against the following numbers of Ultrashort Bond funds over the following time periods: Overall 4 Stars (170 funds rated); 3 Yrs. 4 Stars (170 funds rated); 5 Yrs. 4 Stars (130 funds rated); 10 Yrs. 4 Stars (61 funds rated).The Intermediate Municipal Bond Active Exchange-Traded Fund was rated against the following numbers of Muni National Interm funds over the following time periods: Overall 3 Stars (242 funds rated); 3 Yrs. 4 Stars (242 funds rated); 5 Yrs. 4 Stars (218 funds rated); 10 Yrs. 2 Stars (160 funds rated).The Investment Grade Corporate Bond Index Exchange-Traded Fund was rated against the following numbers of Corporate Bond funds over the following time periods: Overall 3 Stars (189 funds rated); 3 Yrs. 3 Stars (189 funds rated); 5 Yrs. 3 Stars (135 funds rated); 10 Yrs. 3 Stars (89 funds rated).The Short Term Municipal Bond Active Exchange-Traded Fund was rated against the following numbers of Muni National Short funds over the following time periods: Overall 3 Stars (196 funds rated); 3 Yrs. 4 Stars (196 funds rated); 5 Yrs. 3 Stars (178 funds rated); 10 Yrs. 3 Stars (134 funds rated). Past performance is no guarantee of future results.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2020, PIMCO

PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO.

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