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 Emerging Markets Local Bond UCITS ETF A sub-fund of PIMCO ETFs plc ISIN: IE00B4P11460 PIMCO Global Advisors (Ireland) Limited, part of Allianz, manages Share class: USD Accumulation this fund. Objectives and Investment Policy Objective The fund aims to provide the performance of the PIMCOto the prospectus for further information. The fund shares are listed on Emerging Markets Advantage Local Currency Bond Index (the one or more Stock Exchanges. As the fund is an exchange traded "Reference Index").fund (“ETF”), in normal market conditions typically only authorised Investment Policy The Reference Index is a gross domestic product participants may subscribe or redeem shares directly with the fund. (“GDP”) weighted benchmark for local emerging market governmentOther investors can buy or sell shares daily through an intermediary debt, subject to a maximum exposure of 15% per country. The particular directly or on stock exchanges on which then shares are traded, i.e. countries and their weighting are determined annually. Qualifying on the secondary market. In exceptional circumstances, other countries must have a minimum average sovereign rating of BB- (withinvestors will be permitted to redeem their shares directly from the such ratings provided by recognised rating agencies). The fund invests a Company in accordance with the redemption procedures set out in the substantial portion of its assets in a diversified portfolio of emerging prospectus, subject to applicable laws and any relevant charges. market local government debt. Fund’s Base Currency US Dollars. The fund will attempt to achieve its objectives by investing primarily in a range of non-USD denominated fixed income securities (which are loans that pay a fixed or variable rate of interest). The fund may invest in “investment grade” and “non-investment grade” securities. “Investment grade” securities typically produce a lower level of income than “non- investment grade” securities and are also considered to be of lower risk. The fund will invest in emerging markets, which in investment terms are those economies that are still developing. The fund may invest in derivative instruments (such as futures, options and swaps) rather than directly in the underlying securities themselves. The derivatives return is linked to movements in the underlying assets. The fund is passively managed (i.e. tracks the Reference Index). For full investment objectives and policy details please refer to the prospectus. Distribution Policy This share class does not pay out a distribution. Any investment income generated will be reinvested. Dealing Day The fund's net asset value is calculated daily and the fund is open for redemptions on each business day in England. Please refer investment grade securities have a higher exposure to this risk. Risk and Reward ProfileCurrency Risk Changes in exchange rates may cause the value ofinvestments to decrease or increase. 1 2 3 4 5 6 7 Derivatives and Counterparty Risk The use of certain derivativescould result in the fund having a greater or more volatile exposure to < Lower risk Higher risk >the underlying assets and an increased exposure to counterparty risk.This may expose the fund to larger gains or losses associated with Typically lower rewards Typically higher rewards market movements or in relation to a trade counterparty being unableto meet its obligations. This rating is not a measure of the risk of capital loss, but a measure of Emerging Markets Risk Emerging markets or less developed the fund's price movement over time. This rating: countries may face more political, economic or structural challenges • is based on historical data, which may be comparative, and may not adding to risk in the fund. be representative of future rating. Fixed Income Risk There is a risk that the institution which issued the • as a result, this risk estimation may not be a reliable indicator of future securities will fail, which would result in a loss of income to the fund. risk and may be subject to change over time. Fixed income values are likely to fall if interest rates rise. • is classified in the category indicated above due to its past behaviour,Risk of Using Derivatives In order to reach its investment objective, which may be comparative. The lowest category does not mean risk the fund may use swaps, including futures and forwards. Such free investment. derivatives may result in gains or losses that are greater than the • is designed to help investors understand the uncertainties both for lossoriginal amount invested. and for growth that may affect their investment. does not provide its investors with any guarantee on performance, nor Liquidity Risk Difficult market conditions could result in certain on the performance of monies invested in it. securities becoming hard to sell at a desired time and price. Main risks not covered by the above indicator which could Interest Rate Risk Changes in interest rates will usually result in the negatively affect the net asset value of the fund: values of bond and other debt instruments moving in the oppositedirection (e.g. a rise in interest rates likely leads to fall in bond prices). Index Tracking Risk Fund performance can potentially deviate from the reference index due to market conditions, transaction costs and different China InterBank Bond Market ("CIBM") The fund may be exposed to replication techniques such as optimization & sampling.liquidity risks, settlement risks, default of counterparties and marketvolatility associated with CIBM. In addition, the CIBM rules are new Credit and Default Risk A decline in the financial health of an issuer of and still subject to further clarification and/or changes, which may a fixed income security can lead to an inability or unwillingness to repay adversely affect the fund's capability to invest in the CIBM. 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- For more information on risks, please see the fund prospectus which isavailable at www.pimco.com. 1/2PIMCO Advantage Emerging Markets Local 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 investThe entry charges shown are maximum figures. In some cases you might pay less – you can find this out from your Entry chargeNone * financial advisor. Exit charge None * The ongoing charges figure is based on expenses for the This is the maximum that might be taken out of your money before it is invested / year ending 2025. This figure may vary from year to year. before the proceeds of your investment are paid out. For more information on charges, please see the relevant Charges taken from the fund over a year charges section in the fund prospectus which is available at Ongoing charges 0.39% www.pimco.com. Charges taken from the fund under certain specific conditions Performance fee None *Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market. Secondary market investors may incur brokerage and / or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of "bid-ask" spreads; meaning the difference 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 they may reduce the amount of your initial investment and the amount you receive on disposal. 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 20.0%17.0%17.6% • Past performance is not an indicator of future returns. 13.7% 14.2% 13.6% 14.3% 15.0% 13.0% 12.5% • The impact of charges and fees on the performance has 10.4% 9.6% been included. 10.0% • The performance of the class is calculated in US dollars. 5.0% 2.7% 1.6% • The fund launched in September 2011. This class started 0.0%There is insufficient data to to issue shares in September 2011. produce a useful indication of -5.0% past performance -3.6% -3.4% -5.8% for the share class. -5.3%-4.7% -5.9% -6.8% -10.0% -15.0%-14.3% -20.0%2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 USD AccumulationPIMCO Emerging Markets Advantage Local Currency Bond Index Practical Information Depositary State Street Custodian Services (Ireland) Limited. parts of the prospectus. Prospectus and Further Information Further information on the Switching The switching of shares between other share classes or fund or other share classes or sub-funds of the Company,sub-funds is not available to investors trading on exchange. Switching including the prospectus, the most recent annual report and may be available to authorised participants trading directly with the subsequent semiannual reports of the Company, may be obtained fund. from the Administrator, as are the latest share prices. The Umbrella UCITS This document describes a share class of a sub-fund documents are available in local languages free of charge atof the Company and the prospectus and periodic reports are prepared www.pimco.com, by emailing pimcoemteam@statestreet.com or for the entire Company. The assets and liabilities of each sub-fund are by calling +353 1 7769990. Details of PIMCO Global Advisors segregated subject to the provisions of Irish law. However, these (Ireland) Limited’s remuneration policy is available at provisions have not been tested in other jurisdictions. www.pimco.com and a paper copy will also be available free of charge upon request.Portfolio Holdings The indicative intra-day net asset value of the fund is available at www.pimco.com, Bloomberg and Reuters. On a daily Share prices/NAV Prices of shares and other information can be basis, the fund discloses on www.pimco.com the identities and obtained at www.pimco.com. quantities of its portfolio holdings that form the basis of its net asset Tax treatment The tax legislation of the Republic of Ireland mayvalue from the previous dealing day. 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 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 Emerging Markets Local Bond UCITS ETF