The Real Return ETF will try to generate maximum total return through inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies and corporations. Inflation-indexed bonds are structured to provide protection against inflation. The holdings’ duration will be within plus or minus three years of the Barclays U.S. TIPS Index, which has a duration of around 6.2 years. The ETF has a 0.55% expense ratio.

The Low-Duration ETF will try to generate maximum total return through a diversified portfolio of fixed income insturments of varying maturities, including bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sectors. However, the portfolio’s average duration varies from one to three years, based on interest rates. LDUR has a 0.55% expense ratio.

The Funds’ portfolio are jointly managed by Bill Gross, Co-Chief Investment Officer and a founding partner of PIMCO, and Curtis Mewbourne, Managing Director of PIMCO.

For more information on new product launches, visit our new ETFs category.

Max Chen contributed to this article.