BOND vs. CMDT ETF Comparison

Comparison of PIMCO Total Return Exchange-Traded Fund (BOND) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

BOND

PIMCO Total Return Exchange-Traded Fund

BOND Description

The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities. "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. It invests primarily in investment-grade debt securities, but may invest up to 10% of its total assets in high yield securities ("junk bonds") rated B or higher.

Grade (RS Rating)

Last Trade

$91.61

Average Daily Volume

233,241

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$27.33

Average Daily Volume

55,795

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOND	CMDT
30 Days	1.40%	-2.22%
60 Days	3.30%	-0.58%
90 Days	1.22%	2.28%
12 Months	3.81%	7.16%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOND	Weight in CMDT	Overlap
	MINT	A	0.58%	6.39%	0.58%

BOND Overweight 2 Positions Relative to CMDT

	Symbol	Grade	Weight
	LONZ	A	0.83%
	PRFD	A	0.46%

BOND Underweight 0 Positions Relative to CMDT

	Symbol	Grade	Weight

BOND: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Asset And Liability Management Asset Backed Security Bank Bond Bond Fund Bond Market Bond Market Index Collateralized Debt Obligation Debt Securities ETF Fixed Income Insurance Interest Rate Leverage PIMCO Structured Finance Swaps iBoxx

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO