Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. PIMCO Advantage Global Government Bond UCITS

ETF

A sub-fund of PIMCO ETFs plc

ISIN: IE000KXNPEV8

PIMCO Global Advisors (Ireland) Limited, part of Allianz, manages Share class: GBP (Hedged) Accumulation

this fund.

Objectives and Investment Policyany may have similar weightings to the Index. However, the Index is not used to define the portfolio composition of the fund and the fund may be wholly invested in securities which are not constituents of the Index. Objective The fund aims to maximize total return, consistent with prudent investment management.

As part of the funds investment strategy, the fund seeks to invest in a diverse, actively managed portfolio or global fixed income instruments. Investment Policy The fund invests in a diversified portfolio of fixed income instruments that are denominated in major world currencies. The average The fund may use derivative instruments such as futures, options, options portfolio duration of the fund will normally vary within two years (plus or on futures and swap agreements (which may be listed or over-the-counter) minus) of the Bloomberg Global Agg Treasury Index (the “Index”). The Index

and may also enter into currency forward contracts. provides a broad-based measure of the global government fixed incomeThe fund will promote environmental and social characteristics by markets. The fund will seek to achieve returns in excess of the Index over the

operating an exclusion strategy and by investing in ESG Fixed Income medium to long term after the deduction of all fees and expenses.

Securities. The fund invests primarily in investment grade fixed income instruments The fund is an active ETF and will aim to meet its objectives and issued by sovereign issuers, but may invest up to 10% of its total assets ininvestment policy as outlined above and as further described in the fixed income instruments that are rated lower than Baa by Moody’s or lower

prospectus. than BBB by S&P or equivalently rated by Fitch, but rated at least BB- by

For full investment objectives and policy details please refer to the Moody’s or S&P or equivalently rated by Fitch (or, if unrated, determined byprospectus. the Investment Advisor to be of comparable quality) The fund may invest Distribution Policy This share class does not pay out a distribution. Any without limit in securities of issuers that are economically tied to countries investment income generated will be reinvested. with developing, or “emerging market” economies (“emerging market securities”, which are described in further detail in the prospectus under the

Share Class Currency Hedging This share class seeks to limit the heading “Emerging Markets Securities”). shareholder’s currency risk by reducing the effect of exchange rate fluctuations between the share class currency and any non-active currency The fund may hold both non-USD denominated fixed income instruments and exposures of the fund. non-USD denominated currency positions. Non-USD currency exposure is limited to 20% of total assets. Therefore, movements in both non-USDDealing Day The fund's net asset value is calculated daily and the fund is denominated fixed income Instruments and non-USD denominatedopen for redemptions on each day the NYSE Arca and banks in London currencies can influence the fund’s return. Currency hedging activities and are open for business. Please refer to the prospectus for further currency positions will be implemented using spot and forward foreign

information. The fund shares are listed on one or more Stock Exchanges. exchange contracts and currency futures, options and swaps. As the fund is an exchange traded fund (“ETF”), in normal market conditions typically only authorised participants may subscribe or redeem The fund is considered to be actively managed in reference to the Index by shares directly with the fund. Other investors can buy or sell shares daily virtue of the fact that it seeks to outperform the Index and the Index is used through an intermediary directly or on stock exchanges on which then for duration measurement, calculating the global exposure of the fund using shares are traded, i.e. on the secondary market. In exceptional the relative VaR methodology and for performance comparison purposes. circumstances, other investors will be permitted to redeem their shares While the fund is actively managed, due to the investment universe directly from the Company in accordance with the redemption procedures represented by the Index and the intended investment universe of the fund set out in the prospectus, subject to applicable laws and any relevant (as selected in accordance with the Investment Advisor’s investment strategy charges. outlined herein), deviation from the Index is expected to be limited whereby volatility of the difference between the return of the fund and the return of the

Fund’s Base Currency US Dollars. Index is anticipated to be low. The fund’s securities may be components of

investment grade securities have a higher exposure to this risk. Risk and Reward Profile Currency Risk Changes in exchange rates may cause the value of investments to decrease or increase. Counterparty Risk Other financial institutions provide services such 1

2

3

4

5

6

7

as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The fund is exposed to the risk of bankruptcy, or other type of default of transaction counterparties. < Lower risk

Higher risk > Derivatives and Counterparty Risk The use of certain derivatives Typically lower rewards

Typically higher rewards

could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This rating is not a measure of the risk of capital loss, but a measure of

This may expose the fund to larger gains or losses associated with the fund's price movement over time. This rating:

market movements or in relation to a trade counterparty being unable • is based on historical data, which may be comparative, and may not to meet its obligations. Emerging Markets Risk Emerging markets, and especially frontier

be representative of future rating. markets, generally carry greater political, legal, counterparty and • as a result, this risk estimation may not be a reliable indicator of future operational risk. Investments in these markets may expose the fund to

risk and may be subject to change over time.

larger gains or losses. • is classified in the category indicated above due to its past behaviour,

Liquidity Risk Difficult market conditions could result in certain

which may be comparative. The lowest category does not mean risk

securities becoming hard to sell at a desired time and price.

free investment.

Mortgage Related and Other Asset Backed Securities Risks • is designed to help investors understand the uncertainties both for loss

Mortgage or asset backed securities are subject to similar risks as

and for growth that may affect their investment.

other fixed income securities, and may also be subject to prepayment • does not provide its investors with any guarantee on performance, nor risk and higher levels of credit and liquidity risk.

on the performance of monies invested in it.

China InterBank Bond Market ("CIBM") The fund may be exposed to liquidity risks, settlement risks, default of counterparties and market Main risks not covered by the above indicator which could

volatility associated with CIBM. In addition, the CIBM rules are new negatively affect the net asset value of the fund:

and still subject to further clarification and/or changes, which may Interest Rate Risk Changes in interest rates will usually result in the adversely affect the fund's capability to invest in the CIBM. values of bond and other debt instruments moving in the oppositeFor more information on risks, please see the fund prospectus which is direction (e.g. a rise in interest rates likely leads to fall in bond prices).

available at www.pimco.com. Credit and Default Risk A decline in the financial health of an issuer of a fixed income security can lead to an inability or unwillingness to repay a loan or meet a contractual obligation. This could cause the value of its bonds to fall or become worthless. Funds with high exposures to non-1/2 PIMCO Advantage Global Government Bond UCITS ETF Charges The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.

One-off charges taken before or after you invest The entry charges shown are maximum figures. In some Entry charge

None * cases you might pay less – you can find this out from your

financial advisor. Exit charge

None *

The ongoing charges figure shown here is an estimate of the This is the maximum that might be taken out of your money before it is invested /

charges as there is insufficient historical data. The PIMCO before the proceeds of your investment are paid out.

Fixed Income Source ETFs plc (the "Company") annual Charges taken from the fund over a year

report for each financial year will include detail on the exact Ongoing charges

0.24%

charges made. This figure may vary from year to year. It

excludes portfolio transaction costs, except in the case of an Charges taken from the fund under certain specific conditionsentry/exit charge paid by the fund when buying or selling units

Performance fee

None

in another collective investment undertaking. *Because the fund is an ETF, investors will typically only be able to buy or sell*The ongoing charges figure is inclusive of a 0.10% fee shares in the secondary market. Secondary market investors may incur brokerage

waiver until 31 December 2026 (the fee waiver reducing to and / or transaction fees in connection with their dealings. Secondary market0.05% on 1 January 2027 until its expiry on 31 December investors may also bear the costs of "bid-ask" spreads; meaning the difference

2028). between the prices at which shares can be bought and sold. You should discuss these fees and costs with your financial advisor or broker before you invest, as theyFor more information on charges, please see the relevant may reduce the amount of your initial investment and the amount you receive on

charges section in the fund prospectus which is available at disposal.www.pimco.com. Authorised Participants dealing directly with the Fund may pay an entry charge up to a maximum of 3% and an exit charge up to a maximum of 3%.Past Performance

•

Past performance is not an indicator of future returns.

•

The impact of charges and fees on the performance

has been included.

•

The performance of the class is calculated in British

pounds.There is insufficient data to

•

The fund launched in December 2025. This class

produce a useful indication of

started to issue shares in December 2025.past performance

for the share class.

Switching may be available to authorised participants trading directly

Practical Informationwith the fund.

Depositary State Street Custodian Services (Ireland) Limited.Umbrella UCITS This document describes a share class of a sub-fund

of the Company and the prospectus and periodic reports are prepared

Prospectus and Further Information Further information on thefor the entire Company. The assets and liabilities of each sub-fund are

fund or other share classes or sub-funds of the Company, segregated subject to the provisions of Irish law. However, these

including the prospectus, the most recent annual report and

provisions have not been tested in other jurisdictions.

subsequent semiannual reports of the Company, may be obtained

from the Administrator, as are the latest share prices. The

Portfolio Holdings In accordance with the requirements of the

documents are available in local languages free of charge at Central Bank the portfolio holdings as at the end of each calendar

www.pimco.com, by emailing pimcoemteam@statestreet.com orquarter are disclosed publicly on at www.pimco.com i.e. within 30

by calling +353 1 7769990. Details of PIMCO Global Advisors

business-days of the end of the quarter.

(Ireland) Limited’s remuneration policy is available at

www.pimco.com and a paper copy will also be available free of

charge upon request.

Share prices/NAV Prices of shares and other information can be

obtained at www.pimco.com.

Tax treatment The tax legislation of the Republic of Ireland may

have an impact on the personal tax position of the shareholder.

You are advised to seek professional advice on the tax treatment

of your investment in the fund.

Responsibility for information The Company may be held liable

solely on the basis of any statement contained in this document

that is misleading, inaccurate or inconsistent with the relevant

parts of the prospectus.

Switching The switching of shares between other share classes

or sub-funds is not available to investors trading on exchange.

This fund is authorised in Ireland and regulated by the Central Bank of Ireland. PIMCO Global Advisors (Ireland) Limited is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 17/02/2026.

2/2 PIMCO Advantage Global Government Bond UCITS ETF