BOND

The PIMCO Active Bond ETF (BOND) is an actively managed fixed‑income fund that invests primarily in a diversified mix of investment‑grade U.S. bonds, including government, corporate, mortgage‑backed and asset‑backed securities, with the ability to allocate up to about 30% to high‑yield debt and a modest portion to foreign‑currency issuers. The manager employs a multi‑sector, flexible approach, adjusting duration, credit quality and sector weightings to seek current income and long‑term capital appreciation, using derivatives for risk management and implementation efficiency. This ETF is suited for investors who want active exposure to the broad U.S. bond market, desire a steady income stream, and are comfortable with the higher turnover and active‑management style typical of core‑plus fixed‑income allocations.