ETF Research Center

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the perfor mance of the BofA ML 0-5 Year US High Yield Constrained Index.

FUND BASICS
Category	Corporate
Fund Sponsor	Pacific Investment Management
Website	www.pimcoetfs.com
Inception date	Jun 16, 2011
Assets (mns)	$1,364
Currency	USD
Expense ratio	56 bp
Distributions	Monthly

FUND STRUCTURE
Regulation	Open-End Investment Company
Custodian	State Street Bank & Trust Co
Weighting	Market Cap
Index replication	Optimized

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	662
No of distinct issuers	451
Inflation protected	0%
Variable/Fixed coupon	14% /86%
Non-standard maturity (callable, etc.)	94%

TOP TEN HOLDINGS
TOTAL	21.6 %
0.0% //	4.4 %
0.0% //	4.1 %
0.0% //	4.0 %
0.0% //	2.6 %
0.0% //	2.6 %
0.0% //	1.6 %
0.0% //	0.6 %
0.0% //	0.6 %
0.0% //	0.5 %
0.0% //	0.5 %

TOP ISSUERS
FORD MOTOR CREDIT COMPANY LLC	2.3%
CARNIVAL CORPORATION	1.4%
AMERICAN AIRLINES, INC.	1.2%
COLT MERGER SUB, INC.	1.0%
CCO HOLDINGS LLC	1.0%

TOP COUNTRY EXPOSURE
	UNITED STATES	72.0 %
	CANADA	4.6 %
	UNITED KINGDOM	2.0 %
	LUXEMBOURG	1.7 %
	IRELAND	1.2 %

HISTORICAL RETURNS info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru April 30)
Year-to-date	1 year	5 years	10 years	Since Incep.
-0.8%	5.4%	6.0%	4.1%	4.6%

Market Correlations
versus...	Beta	R-squared
Barclays Agg. Bond	0.69	55%
S&P500	0.36	79%
MSCI EAFE	0.33	67%
MSCI Emg. Mkts.	0.23	33%

Technical Indicators
Recent close	$92.72
30d moving avg.	$92.43
Annualized volatility	6.8%
Short interest (ETF)	0.3%
Relative strength (RSI)	48

Liquidity measures
Avg. volume (thou.)	184
Avg. daily value traded (mns)	$17
Turnover	1.3%
Bid/Ask (% of price)	0.10

Distributions

Yield Comparison

*Fund Category: CORPORATE

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)

Macaulay Duration

HYS	2.9 yrs	Category Avg.*	4.6 yrs

Modified Duration

HYS	2.7%	Category Avg.*	4.5%

RATE SENSITIVITY ANALYSIS
Change in YTM	New YTM	Est. Price Change	Est. New Price
+300 bp	12.16%	-12.0%	$81.57
+200 bp	11.16%	-7.2%	$86.07
+150 bp	10.66%	-5.1%	$88.03
+100 bp	10.16%	-3.2%	$89.79
+75 bp	9.91%	-2.3%	$90.59
+50 bp	9.66%	-1.5%	$91.35
+25 bp	9.41%	-0.7%	$92.06
0 bp	9.16%	0%	$92.72
-25 bp	8.91%	0.7%	$93.33
-50 bp	8.66%	1.3%	$93.89
-75 bp	8.41%	1.8%	$94.40
-100 bp	8.16%	2.3%	$94.87
-150 bp	7.66%	3.2%	$95.64
-200 bp	7.16%	3.8%	$96.23
-300 bp	6.16%	4.4%	$96.80

*Fund Category: CORPORATE

ALTAR Score™

Calculation of ALTAR Score™
Adj. Yield to Maturity	916	bp
Less: Annual "default factor"	361	bp
Less: Expense ratio	56	bp
Equals: ALTAR Score	4.99	%

Average ALTAR Score™ by Category
Aggregate	3.1%
Corporate	4.1%
Emerging Market	6.0%
Government	7.1%
Inflation Protected	2.2%
Mortgage	4.9%
Municipals	3.5%

Note: The PIMCO 0-5 Year High Yield Corporate Bond Index ETF is classified as a Corporate* fund.