LONZ – PIMCO Sr Ln Actv ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income, consistent with prudent investment management. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of Senior Loans, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. The average portfolio duration of the fund will normally vary within one year (plus or minus) of the portfolio duration of the securities comprising the Markit iBoxx USD Liquid Leveraged Loan Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LONZ	PIMCO Senior Loan Active Exchange-Traded Fund	ETF	Open			Jun 8, 2022	$665.25M	0.600%	—	—	−$28.56M

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