PIMCO ETFs - PIMCO Total Return Exchange-Traded Fund

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Fund Overview
Objective FundObjective The Fund seeks maximum total return, consistent with preservation of capital and prudent investment management.
Ticker BOND	Type Active
NAV $105.64	Change $0.14 \| 0.13%
As of 12/6/2013
Market Price $105.54	Change $0.20 \| 0.18%
As of 12/6/2013
Fund Sector Core Fixed Income
Duration Category Intermediate
Total Expenses 0.55%

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PIMCO Total Return Exchange-Traded Fund

Active

NAV

$105.64

Change

$0.14

0.13%

As of 12/6/2013

Market Price

$105.54

Change

$0.20

0.18%

As of 12/6/2013

Fund Description

The PIMCO Total Return Exchange-Traded Fund (BOND) is a diversified portfolio of high quality bonds that is actively managed in an effort to maximize return in a risk-controlled framework. BOND invests primarily in investment grade debt securities, and discloses all portfolio holdings on a daily basis. The average portfolio duration normally varies within two years (plus or minus) of the benchmark Barclays Capital U.S. Aggregate Index, and the fund may not use options, futures or swaps. The fund offers a core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market.

William H. Gross
Mr. Gross is a founder, managing director and co-CIO of PIMCO based in the Newport Beach office. He has been with PIMCO since he co-founded the firm in 1971 and oversees the management of more than $1.9 trillion of securities. He is the author of numerous articles on the bond market, as well as the book, "Everything You’ve Heard About Investing is Wrong," published in 1997. Among the awards he has received, Morningstar named Mr. Gross and his investment team Fixed Income Manager of the Decade for 2000-2009 and Fixed Income Manager of the Year for 1998, 2000, and 2007 (the first three-time recipient). He received the Bond Market Association’s Distinguished Service Award in 2000 and became the first portfolio manager inducted into the Fixed Income Analysts Society's hall of fame in 1996. Mr. Gross is a nine-time Barron's Roundtable panelist (2005-2013), appearing in the annual issue featuring the industry's top investment experts, and he received the Money Management Lifetime Achievement Award from Institutional Investor magazine in 2011. In a survey conducted by Pensions and Investments magazine in 1993, he was recognized by his peers as the most influential authority on the bond market in the U.S. He has 43 years of investment experience and holds an MBA from the Anderson School of Management at the University of California, Los Angeles. He received his undergraduate degree from Duke University.

Ticker	BOND
CUSIP	72201R775
Inception Date	2/29/2012
Shares Outstanding	34,230,000
Total Net Assets	$3,615,943,939.57
Daily Trading Volume (in shares)	378,412
Premium/Discount Average (since inception)	0.00%
Premium/Discount as of market close	-0.09%
16:00

As of 12/6/2013

Closing Price

105.54

12/6/2013

Yield Information

Estimated Yield to Maturity	3.97%
SEC 30-Day Yield	1.73%

As of 12/5/2013

Portfolio Information

Number of Holdings	859
Effective Maturity	7.94 Years
Effective Duration	5.27 Years

As of 12/5/2013

Distribution Yield

2.25%

As of 11/30/2013

Full Performance & Risk

As of 12/6/2013

Dividends and Distributions

Full distribution history

As of 12/5/2013

Top 10 Holdings

FNMA TBA 4.0% JAN 30YR	23.13%
FNMA TBA 4.5% JAN 30YR	11.51%
U S TREASURY NOTE	11.46%
U S TREASURY INFLATE PROT BD	8.49%
SWEDISH EXPORT CREDIT FRN	5.51%
U S TREASURY NOTE	3.17%
SLM STUDNT LOAN TST 03-7	2.39%
U S TREASURY NOTE	2.33%
U S TREASURY NOTE	1.97%
GHM 2007-2X AA 3MLIB+14	1.71%

View all holdings Download all holdings

As of 9/30/2013

Quarterly Trading Characteristics

Average Volume
In Shares	405,764
In $	$42,646,598.51

Bid/Ask Spread
In %	0.09%
In $	$0.09

Fund Tickers
NAV Per Share	BOND.NV
Und. Trading Value	BOND.IV
Shares Outstanding	BOND.SO
Est. Cash	BOND.EU
Total Cash	BOND.TC

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and principal value will fluctuate, so that Fund shares may be worth more or less than their original cost when sold. Performance data current to the most recent month-end is available by clicking HERE or by calling 888-400-4ETF.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative or by clicking HERE. Please read the prospectus carefully before you invest.

The last recorded trade price before today, often referred to as a “Closing Price” of

The SEC yield is an annualized yield based on the most recent 30 day period.

PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data.

The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The yield does not include long- or short-term capital gains distributions.

Effective duration is the duration for a bond with an embedded option when the value is calculated to include the expected change in cash flow caused by the option as interest rates change.

Effective Maturity is the weighted average of the maturities of the underlying bonds. The measure is computed by weighing each bond’s maturity by its market value with respect to the portfolio and the likelihood of any of the bonds being called.

In order to provide additional information regarding the intra-day value of shares of the Fund, the NYSE Arca, Inc. or a market data vendor disseminates every 15 seconds through the facilities of the Consolidated Tape Association or other widely disseminated means an updated Indicative NAV (“iNAV”) for the Fund as calculated by an information provider or market data vendor. The Fund is not involved in or responsible for any aspect of the calculation or dissemination of the iNAV and makes no representation or warranty as to the accuracy of the iNAV.

Net Asset Value (NAV) represents an ETFs per-share value. The per-share value of an ETF is calculated by dividing the total value of the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.

The Net Asset Value (NAV), Shares Outstanding and Total Net Assets are calculated as of the close of regular trading on each day that the NYSE Arca is open, and do not reflect security transactions or fund shares created or redeemed on the date stated. Such transactions are recorded on the next business day and reported on the website the following business day.

Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times.

ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to these brokerage costs, if any, frequent trading may detract significantly from investment returns.

ETF shares are not sold or bought at their net asset value (NAV) like mutual fund shares. ETF shares’ market price may be at, above or below the funds’ NAV. The NAV of the fund will fluctuate with changes in the market value of its portfolio holdings, and the market price of an ETF’s shares will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. The market price of ETF shares may differ significantly from their NAV during periods of market volatility. ETF shares may only be redeemed directly with the fund at NAV by Authorized Participants, in very large redemption/creation units.

A Word About Risk: Investing in the bond market is subject to certain risks including the risk that fixed income securities will decline in value because of changes in interest rates; the risk that fund shares could trade at prices other than the net asset value; and the risk that the manager's investment decisions might not produce the desired results. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

Holdings: Current holdings are subject to risk. Holdings are subject to change at any time. The per share NAV of an ETF is calculated at the end of each business day, and fluctuates with changes in the market value of the Fund’s holdings. The trading prices of an ETF's shares fluctuate continuously throughout the trading day based on market supply and demand, which may not correlate to NAV.

Fund Distributions: Each Fund distributes substantially all of its net investment income to shareholders in the form of dividends. Each Fund, except the 25+ Year Zero Coupon U.S. Treasury Index Fund, intends to declare and distribute income dividends monthly to shareholders of record. The 25+ Year Zero Coupon U.S. Treasury Index Fund intends to declare and distribute income dividends quarterly to shareholders of record. Dividend payments are made through DTC participants and indirect participants to beneficial owners then of record with proceeds received from a Fund.

No dividend reinvestment service is provided by the Trust. Financial intermediaries may make available the DTC book-entry Dividend Reinvestment Service for use by beneficial owners of Fund shares for reinvestment of their dividend distributions. Beneficial owners should contact their financial intermediary to determine the availability and costs of the service and the details of participation therein. Financial intermediaries may require beneficial owners to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and net capital gains will be automatically reinvested in additional whole shares of the Fund purchased in the secondary market.

Premiums or discounts are the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. The since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated.

NAV

Index

NAV

Price

After Tax Return

Growth of $10,000

Yield to Maturity

30 day SEC Yield

Growth of $10,000
Yield to Maturity
30 Day SEC Yield

Download Prospectus

Quarter End Performance

View Month End Performance

Quarter End After Tax Returns

View Month End After Tax

Premium / Discount Analysis for

Percent of Difference	No. of Days	Percent of Total Days	No. of Days	Percent of Total Days
Market Price above or equal to NAV			Market Price below NAV
0 - 0.49%
0.5% - 0.99%
1.0% - 1.49%
1.5% - 1.99%
2.0% - 2.49%
2.5% - 2.99%
3.0% - 3.49%
3.5% - 3.99%
4.0% - 4.49%
4.5% - 4.99%
>= 5.00%
Total

Interest Rate Exposures

Exposure	Fund	Index
Effective Duration
Bull Market Duration
Bear Market Duration
Total Curve Duration

Sector Exposures^*

Exposure	Fund	Index
Mortgage Spread Duration
Corporate Spread Duration
Emerging Markets Spread Duration

*As measured by spread duration, which represents a portfolio's price sensitivity to changes in spreads, or yield premiums, that affect the value of bonds that trade at a spread to Governments. These include mortgage-backed, corporate and emerging market bonds.

Benchmark is Barclays Capital U.S. Aggregate Index. It represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

Effective April 4, 2012, PIMCO changed the ticker for the Total Return ETF from TRXT to BOND. No action is required for current investors in the Fund. While BOND will be managed utilizing the PIMCO Total Return Strategy, it will not use options, futures or swaps.

The SEC yield is an annualized yield based on the most recent 30 day period.

Hypothetical Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.

Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation.

The tax calculations above assumes a 35% tax rate. PIMCO does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax questions and concerns.

Net Asset Value (NAV) represents an ETFs per-share value. The per-share value of an ETF is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to these brokerage costs, if any, frequent trading may detract significantly from investment returns.

Maturity Distribution

Years	Fund	Index
0-1
1-3
3-5
5-10
10-20
20+
Effective Maturity (yrs)	yr	yr

Sector Allocation

Percent of:

Mkt value
Duration

Region Breakdown (By Country of Exposure)

View by: Mkt value Duration

Currency Exposure

Credit Rating

Display:

S&P Moody's Fitch

Top 10 Holdings

View all holdings Download all holdings

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative or by clicking HERE. Please read the prospectus carefully before you invest.

**Other net assets (liabilities) includes, but is not limited to, unsettled activity from shareholder and portfolio security trades, and accrued interest and expenses.

Current holdings are subject to risk. Holdings are subject to change at any time. The per share NAV of an ETF is calculated at the end of each business day, and fluctuates with changes in the market value of the Fund’s holdings. The trading prices of an ETF's shares fluctuate continuously throughout the trading day based on market supply and demand, which may not correlate to NAV.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to these brokerage costs, if any, frequent trading may detract significantly from investment returns.

Credit quality ratings for each issue are obtained using ratings from Standard & Poor's (S&P), Moody's Investors Service, and Fitch Ratings. In the fund holdings, the credit rating for other net assets (liabilities) appears as “NL“, not rated securities are indicated as “NR” and U.S. Treasury, U.S. Agency, U.S. Agency mortgage-backed securities and other Sovereign (foreign or domestic) securities appear under “GOVT”. The credit quality of a particular security or group of securities does not ensure the stability or safety of the overall portfolio.

Dividends and Distributions

Full distribution history

Dividend and Capital Gains Distribution

Download All Data

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative or by clicking HERE. Please read the prospectus carefully before you invest.

Each Fund distributes substantially all of its net investment income to shareholders in the form of dividends. Each Fund, except the 25+ Year Zero Coupon U.S. Treasury Index Fund, intends to declare and distribute income dividends monthly to shareholders of record. The 25+ Year Zero Coupon U.S. Treasury Index Fund intends to declare and distribute income dividends quarterly to shareholders of record. Dividend payments are made through DTC participants and indirect participants to beneficial owners then of record with proceeds received from a Fund.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to these brokerage costs, if any, frequent trading may detract significantly from investment returns.

PIMCO

Your Global Investment Authority

Welcome to PIMCO ETFs

Active/Index

Duration

Sector

Solution

Actively Managed ETFs

Index ETFs

Ultra-Low

Low

Intermediate

Ultra-Long

Long

Core Fixed Income

U.S. Treasury

U.S. TIPS

Municipal

Corporate

Global

Currency

Global Inflation-Linked

Core Fixed Income

Liquidity Management

Alternatives

U.S. Treasury Indexes

Inflation Protection

Tax Awareness

Credit

Global Diversification

Point of View

Webcasts and Audio

Actively Managed Funds

Index Funds

Ultra-Low

Low

Intermediate

Ultra-Long

Long

Core Fixed Income

U.S. Treasury

U.S. TIPS

Municipal

Corporate

Global

Currency

Global Inflation-Linked

Core Fixed Income

Liquidity Management

Alternatives

U.S. Treasury Indexes

Inflation Protection

Tax Awareness

Credit

Global Diversification

Objective

Ticker

Type

NAV

Change

Market Price

Change

Fund Sector

Duration Category

TotalExpenses

How to Invest

PIMCO Total Return Exchange-Traded Fund

NAV

Change

Market Price

Change

Fund Description

Portfolio Management

Fund Information

Yield Information

Portfolio Information

Dividends and Distributions

Top 10 Holdings

Quarterly Trading Characteristics

Quarter End Performance

Total
Expenses

Sector Exposures^*