PMBS — PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund ☆

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund, part of PIMCO ETF Trust, takes an active approach to a wide range of mortgage-related securities, aiming for consistent returns across market cycles. Portfolio duration typically ranges from one to seven years, and up to 15% may be in high-yield or unrated securities. Derivatives may be used without limit.