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 Euro Short Maturity UCITS ETF

A sub-fund of PIMCO ETFs plc

ISIN: IE00B5ZR2157

PIMCO Global Advisors (Ireland) Limited, part of Allianz, manages Share class: EUR Income

this fund.

Objectives and Investment Policy Objective The fund aims to generate income while preserving andMonth German Treasury Bill Index (the “Benchmark”). The fund is increasing the amount originally invested. considered to be actively managed in reference to the Benchmark by Investment Policy The fund will invest primarily in an actively managedvirtue of the fact that it uses the Benchmark for performance diversified portfolio of Euro denominated fixed income securities (which

comparison purposes. However the Benchmark is not used to define are loans that pay a fixed or variable rate of interest) of varyingthe portfolio composition of the fund or as a performance target. maturities including government bonds and securities issued or The fund is an active ETF and will aim to meet its objectives and guaranteed by governments, their sub-divisions, agencies orinvestment policy as outlined above and as further described in the instrumentalities, corporate debt securities and mortgage or other asset-

prospectus. backed securities. For full investment objectives and policy details please refer to The fund may invest up to one third of its assets in non-Euro

the prospectus. denominated currency positions and non-Euro denominated fixed

Distribution Policy This share class pays out a distribution of any income securities with such securities generally hedged backed to Euro.investment income generated by the fund. You may elect for this to be The fund may seek to obtain market exposure to the securities in which reinvested into the fund. it primarily invests by entering into a series of purchase and saleDealing Day The fund's net asset value is calculated daily and the contracts or by using other investment techniques (such as buy backs). fund is open for redemptions on each day the Deutsche Börse and The fund invests only in “investment grade” securities. “Investmentbanks in London are open for business. Please refer to the grade” securities typically produce a lower level of income than “non- prospectus for further information. The fund shares are listed on one investment grade” securities and are also considered to be of lower risk.

or more Stock Exchanges. As the fund is an exchange traded fund The fund's weighted average maturity is not expected to exceed 3 years.(“ETF”), in normal market conditions typically only authorised The average portfolio duration of the fund will be up to one year basedparticipants may subscribe or redeem shares directly with the fund. on the Investment Adviser's forecast for interest rates. Duration is the

Other investors can buy or sell shares daily through an intermediary sensitivity of a fixed income security to a change in interest rates. The

directly or on stock exchanges on which then shares are traded, i.e. longer the duration of a fixed income security, the higher its sensitivity to

on the secondary market. In exceptional circumstances, other interest rates.investors will be permitted to redeem their shares directly from the The fund may use forwards or forward settling contracts. The return is Company in accordance with the redemption procedures set out in the linked to movements in the underlying assets.

prospectus, subject to applicable laws and any relevant charges. The fund will promote environmental and social characteristics through Fund’s Base Currency Euro. an exclusion strategy and, where applicable, issuer engagement. The fund intends to measure its performance against the ICE BofA 3- bonds to fall or become worthless. Funds with high exposures to non- Risk and Reward Profileinvestment grade securities have a higher exposure to this risk.Derivatives and Counterparty Risk The use of certain derivatives 1

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3

4

5

6

7

could result in the fund having a greater or more volatile exposure tothe underlying assets and an increased exposure to counterparty risk.This may expose the fund to larger gains or losses associated with < Lower risk Higher risk > market movements or in relation to a trade counterparty being unable Typically lower rewards

Typically higher rewards

to meet its obligations.Fixed Income Risk There is a risk that the institution which issued the This rating is not a measure of the risk of capital loss, but a measure of securities will fail, which would result in a loss of income to the fund. the fund's price movement over time. This rating:

Fixed income values are likely to fall if interest rates rise. • is based on historical data, which may be comparative, and may not

Risk of Using Derivatives In order to reach its investment objective,

be representative of future rating.

the fund may use swaps, including futures and forwards. Such • as a result, this risk estimation may not be a reliable indicator of future

derivatives may result in gains or losses that are greater than the

risk and may be subject to change over time. original amount invested. • is classified in the category indicated above due to its past behaviour, Interest Rate Risk Changes in interest rates will usually result in the

which may be comparative. The lowest category does not mean risk values of bond and other debt instruments moving in the opposite

free investment. direction (e.g. a rise in interest rates likely leads to fall in bond prices). • is designed to help investors understand the uncertainties both for lossMortgage Related and Other Asset Backed Securities Risks

and for growth that may affect their investment. Mortgage or asset backed securities are subject to similar risks as does not provide its investors with any guarantee on performance, nor

other fixed income securities, and may also be subject to prepayment

on the performance of monies invested in it. risk and higher levels of credit and liquidity risk. Main risks not covered by the above indicator which could

For more information on risks, please see the fund prospectus which is negatively affect the net asset value of the fund: available at www.pimco.com. Counterparty Risk Other financial institutions provide services such 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. 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

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PIMCO Euro Short Maturity 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

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

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.

The ongoing charges figure is inclusive of a fee waiver in the Charges taken from the fund over a year

amount of 0.16% until 01 October 2029. However, the Ongoing charges

0.19%

Directors in their discretion may determine to continue or

reduce the fee waiver beyond 01 October 2029. Charges taken from the fund under certain specific conditions

Performance fee

None

For more information on charges, please see the relevant

charges section in the fund prospectus which is available at *Because the fund is an ETF, investors will typically only be able to buy or sell

www.pimco.com. 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

5.0%

4.3%

Past performance is not an indicator of future returns. 4.0%

• 3.5%

4.0%3.2%

•

The impact of charges and fees on the performance has2.8%

been included.

3.0%

2.1%

•

The performance of the class is calculated in euro.

2.0%

•

The fund launched in January 2011. This class started to

1.0% There is insufficient data to

issue shares in January 2011.

0.0% 0.0%

produce a useful indication of

0.0%

past performance

•

*The Benchmark changed on 01 September 2023 from

for the share class.

the Euro Short-Term Rate (ESTR) to the ICE BofA 3-

-0.1%-0.2%

Month German Treasury Bill Index. The past-0.3%

-0.3%-0.4%

-0.4%

-0.4% -1.0%

-0.6%-0.6%

-0.6%

performance for 2023 reflects the blended return of the

Euro Short-Term Rate (ESTR) ending 31 August 2023

-1.3% -2.0%

and the ICE BofA 3-Month German Treasury Bill Index

from 1 September 2023.

-2.3% -3.0%

20162017

20182019202020212022

2023

20242025EUR Income Euro Short-Term Rate (€STR) ICE BofA 3-Month German Treasury Bill Index Practical Information

Depositary State Street Custodian Services (Ireland) Limited.parts of the prospectus.

Prospectus and Further Information Further information on theSwitching 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 obtainedfund.

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 at of the Company and the prospectus and periodic reports are prepared

www.pimco.com, by emailing pimcoemteam@statestreet.com orfor 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 fundis 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 may value 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.

2/2PIMCO Euro Short Maturity UCITS ETF