太平洋投资管理公司（PIMCO）

太平洋投资管理公司（PIMCO）交易所交易基金（ETF）

盈透证券有限公司与PIMCO ETF的顾问和保荐人PIMCO达成协议，让盈透证券客户可免佣金交易部分PIMCO ETF。

PIMCO交易所交易基金让投资者能够体验我们投资平台的强大功能- 包括每日透明度、盘中定价，以及ETF产品提供的低投资门槛。

下列基金是盈透证券面向交易所交易基金（ETFs）〝费用豁免〞无交易费用（NTF）计划的一部分，对持有相关ETF股份最少30日的IBKR Pro版客户提供佣金退费。IBKR Lite版客户交易ETF始终零佣金。

盈透证券或其任何附属公司均未作出、给予或以任何方式认可购买或出售任何类型的证券或期货产品的要约或招揽，或任何类型的推荐或意见。

类别	产品代码	基金名称	描述	招募说明书	资料单	网站
Active Fixed Income ETFs	BOND	PIMCO Active Bond Exchange-Traded Fund	The PIMCO Active Bond Exchange-Traded Fund (Ticker: BOND) is a diversified portfolio of high quality bonds that is actively managed, seeking current income and long-term capital appreciation, consistent with prudent investment management. BOND invests primarily in investment grade debt securities, and discloses all portfolio holdings on a daily basis. The Fund will seek to maintain a fairly consistent level of dividend income, and generally seeks to manage capital gain distributions. However, there can be no assurance that a change in market conditions or other factors will not result in a significant change in the Fund’s distribution rate or that the rate will be sustainable in the future. With benchmark of the Bloomberg U.S. Aggregate Index, the fund offers a core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market.	下载	下载	更多信息
Active Fixed Income ETFs	MINT	PIMCO Enhanced Short Maturity Active ETF	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) is an actively managed exchange-traded fund (ETF) that seeks maximum current income, consistent with preservation of capital and daily liquidity. MINT will primarily invest in short duration investment grade debt securities. Futures are allowed in the Fund. The average portfolio duration of MINT will vary based on PIMCO’s economic forecasts and active investment process decisions, and will not normally exceed one year. MINT will disclose all portfolio holdings on a daily basis, and will not use options or swaps.	下载	下载	更多信息
Active Fixed Income ETFs	MINO	PIMCO Municipal Income Opportunities Active ETF	The PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (Ticker: MINO) is an actively managed ETF designed for investors seeking taxexempt income from federal income tax and long-term capital appreciation. MINO is an intermediate term "core-plus municipal bond strategy"¹, designed to provide tax-sensitive investors with exposure across the municipal credit spectrum, from investment grade to high yield. With the ability to invest up to 30% in sub-investment grade municipal debt, the Fund provides portfolio managers the flexibility to actively navigate the full breadth of the municipal bond market. By actively seeking alpha opportunities in the investment grade and high yield space, MINO seeks higher tax-advantaged income and return potential than typical passive Investment Grade-only ETFs that dominate the marketplace for a tactical increase in risk.	下载	下载	更多信息
Active Fixed Income ETFs	SMMU	PIMCO Short Term Municipal Bond Active ETF	The Short Term Municipal Bond Active Exchange-Traded Fund is an actively managed exchange-traded fund (ETF). Designed for investors seeking tax-exempt income, the fund consists of a diversified portfolio of primarily short duration, high credit quality bonds which carry interest income that is exempt from federal tax and in some cases state tax. With this fund, investors will see the names of the bonds owned daily. In the municipal bond market, we believe issuer-specific credit analysis is critical. Unlike index funds that typically rely solely on a rating agency for credit analysis, PIMCO applies extensive research on each municipal bond we own in the fund. We believe it is imperative to analyze each issuer, both at purchase and on an ongoing basis, to avoid what we believe are municipalities of deteriorating credit quality as we look to preserve investors’ capital. Active management not only enables the fund to invest in only the issuers and securities we like, but also allows us to change the portfolio structure should credit conditions change. In addition, active management allows for management of capital gains and losses, working to minimize the tax effect of gains, while harvesting losses when available.	下载	下载	更多信息
Active Fixed Income ETFs	MUNI	PIMCO Intermediate Municipal Bond Active ETF	The Intermediate Municipal Bond Active Exchange-Traded Fund is an actively managed exchange-traded fund (ETF). Designed for investors seeking tax-exempt income, the fund consists of a diversified portfolio of primarily intermediate duration, high credit quality bonds, which carry interest income that is exempt from federal tax and in some cases state tax. With this fund, investors will see the names of the bonds owned daily. In the municipal bond market, we believe issuerspecific credit analysis is critical. Unlike index funds that typically rely solely on a rating agency for credit analysis, PIMCO applies extensive research on each municipal bond we own in the fund. We believe it is imperative to analyze each issuer, both at purchase and on an ongoing basis, to avoid what we feel are municipalities of deteriorating credit quality in our efforts to preserve investors’ capital. Active management not only enables the fund to invest in only the issuers and securities we like, but also allows us to change the portfolio structure should credit conditions change. In addition, active management allows for management of capital gains and losses, working to minimize the tax effect of gains, while harvesting losses when available.	下载	下载	更多信息
Active Fixed Income ETFs	LDUR	PIMCO Enhanced Low Duration Active ETF	PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Ticker: LDUR) is a diversified portfolio of primarily high quality bonds that is actively managed in an effort to limit interest rate exposure while maximizing returns in a risk-managed framework. The fund offers a conservative core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market. The average portfolio duration is normally between 1 and 3 years.	下载	下载	更多信息
Index ETFs	HYS	PIMCO 0-5 Year High Yield Corp Bond Index ETF	The 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the ICE BofA 0-5 Year US High Yield Constrained Index. In seeking exposure to short maturity segment of the high yield corporate bond sector, the fund aims to achieve the yield, volatility level, and low or negative correlations with other asset classes inherent in short maturity high yield.	下载	下载	更多信息
Smart Beta Equity ETFs	MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. ETF	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (Ticker: MFUS) is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility, momentum and size – a diversified approach that seeks to improve return potential.	下载	下载	更多信息
Smart Beta Equity ETFs	MFEM	PIMCO RAFI Dynamic Multi-Factor EM Equity ETF	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (Ticker: MFEM) is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility and momentum – a diversified approach that seeks to improve return potential.	下载	下载	更多信息
Smart Beta Equity ETFs	MFDX	PIMCO RAFI Dynamic Multi-Factor Intl Equity ETF	PIMCO RAFI Dynamic Multi-Factor International Equity ETF Ticker: (MFDX) is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility, momentum and size – a diversified approach that seeks to improve return potential.	下载	下载	更多信息
ESG ETFs	EMNT	PIMCO Enhanced Short Maturity Active ESG ETF	PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) is an actively managed exchange-traded fund (ETF) that seeks maximum current income, consistent with preservation of capital and daily liquidity, while incorporating PIMCO's environmental-, social- and governance-oriented (ESG) investment strategy. EMNT will primarily invest in short duration investment grade debt securities, and will disclose all portfolio holdings on a daily basis. The average portfolio duration of EMNT will vary based on PIMCO’s economic forecasts and active investment process decisions, and will not normally exceed one year.	下载	下载	更多信息
ESG ETFs	RAFE	PIMCO RAFI ESG U.S. ETF	PIMCO RAFI ESG U.S. ETF (Ticker: RAFE) is a smart beta ESG strategy that seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. RAFI ESG US Index is designed and managed by smart beta pioneer Research Affiliates and seeks to achieve the dual objectives of social responsibility and long-term outperformance of the broad market.	下载	下载	更多信息

披露

交易所交易基金（“ETF”）根据投资公司法获享若干豁免。有关豁免之一是允许在二级市场交易个股。个股不能直接向ETF购买或赎回，只能通过创建单位总量或“篮子”股份的方式直接向ETF购买和赎回。在二级市场交易的ETF股份是以市价买进和卖出（不是净资产值）。经纪商佣金将会降低回报。投资政策、管理费和其它信息可在各ETF招募说明书中找到。

投资于债券市场会面临若干风险，包括因利率改变而造成固定收益证券的价值下降；股票可能由于实际和认为的大盘、经济和行业状况而令价值下降；基金股份可能以净资产值以外的价格进行交易的风险。来自市政债券的收益可获豁免缴纳联邦所得税，但可能仍需缴纳国家和当地的税项，有时为替代性最低税；集中于单一或有限数量国家、或债券的大部分资产投资于相似市政项目的策略，在不利的经济状况和监管改变下会面临较大的风险。投资于以外币计价及/或注册的证券可能涉及较高的风险，主要由于货币波动，以及经济和政治风险，相关风险在新兴市场可能更高。衍生品可能涉及若干成本和风险，例如流动性、利率、市场、信贷、管理，而仓位也存在不能在最有利情况下平仓的风险。投资衍生品可能蒙受高于投资金额的亏损。ETF基金股份可能面临以净资产值以外的价格进行交易的风险；而经理的投资决定或未能缔造理想的结果。多元分散不确保能够避免亏损。

当前持仓面临风险。持仓在任何时间均有可能出现变动。投资ETF涉及风险，包括损失本金。投资回报、价格、收益率和净资产值（NAV）将随着市况而波动。在赎回时投资的价值可能高于或低于原来成本。

投资者在进行投资前，应仔细考虑有关基金的投资目标、风险、费用和开销。基金招募说明书载有本文和其它信息，可联系您的投资专业人士获取。在投资前请仔细阅读招募说明书。

对ETF的讨论或提及不应视为推荐、营销或招揽。在投资前，所有投资者均应审视及考虑与投资公司或基金相关的投资风险、费用或成本。在根据此材料采取行动前，您应考虑其是否适合您的特定情况，如必要，请寻求专业意见。