PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund

C000073853 Fund Overview

PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund is a US ETF managed by PIMCO ETF Trust, categorised as Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: PIMCO ETF Trust
• Category: Treasury / Sovereign Bond
• Assets under management: $1.67K
• SEC CIK: 0001450011
• SEC series ID: S000024822
• Share class ID: C000073853

C000073853 Investment Objective and Strategy

PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO ETF Trust.

Investment objective

The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of The ICE BofAML 1-3 Year US Treasury Index.

Principal investment strategy

"The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (""Component Securities"") of The ICE BofAML 1-3 Year US Treasury Index (the ""Underlying Index""). The Fund may invest the remainder of its assets in Fixed Income Instruments that are not Component Securities, but which Pacific Investment Management Company LLC (""PIMCO"") believes will help the Fund track its Underlying Index, as well as in cash and investment grade, liquid short-term instruments, forwards or derivatives, such as options, futures contracts or swap agreements, and shares of affiliated bond funds. ""Fixed Income Instruments"" include bonds, debt securities and other similar instruments issued by various U.S.

and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund will closely correspond to the portfolio duration of the securities comprising its Underlying Index, as calculated by PIMCO, which as of September 30, 2018 was 1.87 years. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. The Underlying Index is an unmanaged index comprised of U.S. dollar denominated sovereign debt securities publicly issued by the U.S. Treasury having a maturity of at least 1 year and less than 3 years. As of September 30, 2018, there were 98 issues in the Underlying Index. The securities in the Underlying Index have a minimum $1 billion of outstanding face value, have one to three years remaining to maturity, are fixed-rate and are non-convertible.

Bills, inflation-indexed debt and strips are excluded from the Underlying Index; however, original issue zero coupon bonds are included in the Underlying Index and the amounts outstanding of qualifying coupon securities are not reduced by any portions that have been stripped. The Underlying Index is capitalization-weighted and the composition of Component Securities is updated monthly. It is not possible to invest directly in the Underlying Index. Intra-month cash flows are reinvested daily, at the beginning-of-month 1-month LIBID rate, until the end of the month at which point all cash is removed from the Underlying Index. The Underlying Index does not reflect deductions for fees, expenses or taxes. PIMCO uses an indexing approach in managing the Fund's investments. The Fund employs a representative sampling strategy in seeking to achieve its investment objective.

In using this strategy, PIMCO seeks to invest in a combination of Component Securities and other instruments, or in Component Securities but in different proportions as compared to the weighting of the Underlying Index, such that the portfolio effectively provides exposure to the Underlying Index. In using a representative sampling strategy, the Fund may not track its Underlying Index with the same degree of accuracy as a fund that replicates the composition and weighting of the Underlying Index. Unlike many investment companies, the Fund does not attempt to outperform the index the Fund tracks. An indexing approach may eliminate the chance that the Fund will substantially outperform its Underlying Index but also may reduce some of the risks of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.

The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs). The ""total return"" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates."

C000073853 Costs and Fees

C000073853 costs about $15 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.15%
• Gross expense ratio: 0.15%
• Portfolio turnover: 54%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000073853 Cashflows

Over the 12 months to 2019-12, PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund had net inflows of $50.92M, from monthly SEC N-PORT filings.

C000073853 Debt Constituents

No individual debt constituents are reported in PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund's latest SEC N-PORT filing.

C000073853 Prospectus and SEC Filings

Official PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-13
• Prospectus (485BPOS) — filed 2018-11-05
• Prospectus supplement (497) — filed 2018-08-13
• Portfolio holdings (N-PORT) — filed 2020-02-25
• Portfolio holdings (N-PORT) — filed 2019-11-26
• Annual census (N-CEN) — filed 2019-09-13
• Annual census, amended (N-CEN/A) — filed 2018-11-05

Related Funds

Other Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Goldman Sachs Government Income Fund (GSOIX)
• Defiance Treasury Enhanced Options Income ETF (TLTY)
• Virtus Stone Harbor EMD Sovereign MACS (VMAMX)
• Yorktown Treasury Advanced Total Return Fund (AATRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.