PMBS – PIMCO Mortgage-Backed Securities Act ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks maximum total return, consistent with preservation of capital and 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 mortgage-related fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.

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
PMBS	PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	ETF	Open			Jul 31, 1997	$1.36B	0.400%	—	—	$687.84M

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