PIMCO Inflation Plus Active Exchange-Traded Fund PCPI Strategy

The investment seeks real return, consistent with prudent investment management. The fund seeks to achieve its investment objective by, investing under normal circumstances, at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non‑U.S. governments, their agencies or instrumentalities, and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.