PIMCO Multisector Bond Active Exchange-Traded Fund
Actively managed U.S. bond ETF
As of its 2026 Q2 report, PIMCO Multisector Bond Active Exchange-Traded Fund held 1,938 positions with $14.71B in net assets. Its ten largest holdings made up 38.4% of the fund. The fund costs 0.64% a year. Over the 12 months to May 2026, it returned 7.5%, with dividends reinvested. In 2026 Q2 it added 785 new positions and exited 518.
The Fund seeks to maximize yield and long term capital appreciation consistent with prudent investment management.
The fund invests in a diversified multi-sector fixed income portfolio selected for undervaluation, with no benchmark constraint, emphasizing long-term strategic positioning over tactical trading. Holdings span investment-grade and high-yield corporate bonds, government securities, mortgage and asset-backed securities, and foreign currency exposure across developed and emerging markets, with average portfolio duration typically between two and eight years. Because security selection drives returns, fund performance will depend on the manager's ability to identify undervalued opportunities.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Citigroup Global Markets, Inc. | 10.69% | $1.57B | — |
UMBS, TBA 6.00% · due 2056-07-01 | 7.01% | $1.03B | — |
UMBS, TBA 5.00% · due 2056-07-01 | 6.55% | $963.22M | — |
UMBS, TBA 4.00% · due 2056-07-01 | 4.83% | $710.77M | — |
Fannie Mae 4.50% · due 2056-05-01 | 2.97% | $437.11M | — |
UMBS, TBA 5.50% · due 2056-07-01 | 1.78% | $261.99M | — |
UMBS, TBA 4.50% · due 2056-07-01 | 1.42% | $208.82M | — |
United States Treasury 4.63% · due 2045-11-15 | 1.21% | $177.24M | — |
Freddie Mac 4.50% · due 2056-05-01 | 1.06% | $155.91M | — |
REPUBLIC OF PERU 6.15% · due 2032-08-12 | 0.89% | $130.77M | — |
The 200 largest of 1,938 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 65.99% |
| Bonds | 42.86% |
| Cash & short-term | 11.11% |
| Loans | 2.80% |
| 2 smaller | 2.73% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Securitized
- 52.1%
- Other
- 21.0%
- Government
- 8.7%
- International
- 6.3%
- 12 other sectors
- 11.9%
- Securitized
- 52.1%
- Other
- 21.0%
- Government
- 8.7%
- International
- 6.3%
- Financials
- 4.9%
- Utilities
- 1.6%
- Information Technology
- 1.2%
- Industrials
- 0.9%
- Real Estate
- 0.8%
- Communication Services
- 0.6%
- Energy
- 0.5%
- Health Care
- 0.5%
- Consumer Discretionary
- 0.4%
- Cash
- 0.3%
- Consumer Staples
- 0.1%
- Materials
- 0.1%
How it has done
C000242819 share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.17%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
PIMCO Multisector Bond Active Exchange-Traded Fund is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Expense ratio, by class
- 0.64%
- Portfolio turnover
- 501.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
785 new· the largest 4
518 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 76.5% |
| Floating rate | 22.6% |
| Zero-coupon or unclassified | 1.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.0% |
| 1-3y | 7.1% |
| 3-5y | 14.7% |
| 5-10y | 28.0% |
| 10y+ | 48.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
This fund's 2026Q2 interest-rate duration was flagged for a possible filing data-quality anomaly; the value shown is from its most recent clean filing (2026Q1).
This fund's 2026Q2 credit-spread duration was flagged for a possible filing data-quality anomaly; the value shown is from its most recent clean filing (2026Q1).
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 57% |
| Interest rates | 43% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Understand how this fund fits with the rest.
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