The ETF has an expense ratio of 0.55%. It held total net assets of $3.01 billion as of Oct. 8, according to PIMCO.
BOND’s success could be a turning point for traditional mutual funds and entice more firms to launch ETF versions of their popular active funds. [Will PIMCO ETF Mark Beginning of the End for Mutual Funds?]
PIMCO Total Return ETF delivered a return of 8.3% for the six months ended Sept. 30 to outperform its benchmark, the Barclays U.S. Aggregate Bond Index, by more than 4 percentage points.
BOND has benefitted from an underweight to U.S. Treasuries and an overweight position in mortgages. [PIMCO ETF ‘Well Positioned’ for Fed’s Mortgage Buying]
PIMCO Total Return ETF
