The Low Duration funds track a diversified portfolio of high-quality bonds with a focus on limiting interest rate exposure while maximizing returns. The fund tracks short-term, high-quality bonds.

The Low Duration ETF began trading on January 22, 2014. Since inception, LDUR has gained 1.9% while PTLAX has also remained relatively flat. LDUR comes with a 1.1% 30-day SEC yield and PTLAX shows a 1.09% 30-day SEC yield.

PIMCO is shaking up its ETF lineup, closing down four ETFs while planning to add three more. The PIMCO Australia Bond Index ETF (NYSEArca: AUD), PIMCO Canada Bond Index ETF (NYSEArca: CAD), PIMCO Germany Bond Index ETF (NYSEArca: BUND) and the PIMCO Build America Bond ETF (NYSEArca: BABZ) are the PIMCO funds slated for closure on Oct. 1. [PIMCO to Shutter Four ETFs, Add Three New Funds]

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CORRECTION: LDUR performance