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 Euro Short-Term High Yield Corporate Bond UCITS ETF A sub-fund of PIMCO ETFs plc ISIN: IE00BD8D5G25 PIMCO Global Advisors (Ireland) Limited, part of Allianz, manages Share class: EUR Accumulation this fund. Objectives and Investment PolicyIndex and the Index is used for duration measurement, calculating the global exposure of the fund using the relative VaR methodology and for Objective The investment objective of the fund is to seek to maximise total performance comparison purposes. While the fund is actively managed, return, consistent with prudent investment management. due to the investment universe represented by the Index and the intended investment universe of the fund (as selected in accordance with the Investment Policy The fund will seek to achieve its investment objective by investment advisor’s investment strategy outlined herein), deviation from investing, under normal circumstances, at least 80% of its assets in a the Index is expected to be limited whereby volatility of the difference diversified portfolio of Euro denominated high yield fixed income instruments. between the return of the fund and the return of the Index is anticipated to The fund may hold both non-EUR denominated currency positions and non- be low. The fund’s securities may be components of and may have similar EUR denominated fixed income instruments. Non-EUR denominated fixed weightings to the Index. However, the Index is not used to define the income instruments are limited to 20% of total assets. Non-EUR denominated portfolio composition of the fund. The Index tracks the performance of currency exposure is limited to 5% of total assets. Therefore, movements in short maturity developed markets EUR denominated below investment both non-EUR denominated fixed income instruments and non-EUR grade corporate debt. Further details on the Index are available from the denominated currencies can influence the fund’s return. The fund’s exposure investment advisor on request. to currencies may be actively managed where the investment advisor The fund will promote environmental and social characteristics through an believes it would be beneficial to do so. Any active currency positions and exclusion strategy and, where applicable, issuer engagement. currency hedging will be implemented using instruments such as forward foreign exchange contracts and currency futures, options and swaps in For full investment objectives and policy details please refer to the accordance with the Central Bank’s requirements.prospectus. No more than 25% of the fund’s assets may be invested in securities that areDistribution Policy This share class does not pay out a distribution. Any convertible into equity securities (including up to 10% in contingent investment income generated will be reinvested. convertible securities which are described in further detail in the Prospectus Dealing Day The fund's net asset value is calculated daily and the fund is under the heading “Contingent Convertible Instruments”).open for redemptions on each day the Deutsche Börse AG and banks in No more than 10% of the fund’s total assets may be invested in equity London are open for business. Please refer to the prospectus for further securities and equity related securities (such as warrants and preferredinformation. The fund shares are listed on one or more Stock Exchanges. stock). The fund may also invest up to 10% of its net assets in aggregate inAs the fund is an exchange traded fund (“ETF”), in normal market illiquid securities (including bonds and other fixed income instruments as set conditions typically only authorised participants may subscribe or redeem out in this investment policy, which are illiquid) which are described in further shares directly with the fund. Other investors can buy or sell shares daily detail in the Prospectus under the heading “Transferable Illiquid Securities” through an intermediary directly or on stock exchanges on which then and in loan participations and loan assignments which constitute money shares are traded, i.e. on the secondary market. In exceptional market instruments. circumstances, other investors will be permitted to redeem their shares directly from the Company in accordance with the redemption procedures The average portfolio duration of the fund will normally remain within +/- 1set out in the prospectus, subject to applicable laws and any relevant year of the ICE BofA 0-5 Year Euro Developed Markets High Yield 2% charges. Constrained Index (the “Index”). The fund will seek to achieve returns in excess of the Index over the medium to long term after the deduction of all Fund’s Base Currency Euro. fees and expenses. The fund is considered to be actively managed in reference to the Index by virtue of the fact that it seeks to outperform the Derivatives and Counterparty Risk The use of certain derivatives Risk and Reward Profile could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This may expose the fund to larger gains or losses associated with 1 2 3 4 5 6 7 market movements or in relation to a trade counterparty being unable to meet its obligations. Liquidity Risk Difficult market conditions could result in certain < Lower risk Higher risk > securities becoming hard to sell at a desired time and price. Typically lower rewards Typically higher rewards Interest Rate Risk Changes in interest rates will usually result in the values of bond and other debt instruments moving in the opposite This rating is not a measure of the risk of capital loss, but a measure of direction (e.g. a rise in interest rates likely leads to fall in bond prices). the fund's price movement over time. This rating: • is based on historical data, which may be comparative, and may not For more information on risks, please see the fund prospectus which is available at www.pimco.com. be representative of future rating. • as a result, this risk estimation may not be a reliable indicator of future risk and may be subject to change over time. • is classified in the category indicated above due to its past behaviour, which may be comparative. The lowest category does not mean risk free investment. • is designed to help investors understand the uncertainties both for loss and for growth that may affect their investment. • does not provide its investors with any guarantee on performance, nor on the performance of monies invested in it. Main risks not covered by the above indicator which could negatively affect the net asset value of the fund: 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- investment grade securities have a higher exposure to this risk. Currency Risk Changes in exchange rates may cause the value of investments to decrease or increase.1/2 PIMCO Advantage Euro Short-Term High Yield Corporate 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 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. Charges taken from the fund over a year For more information on charges, please see the relevant charges section in the fund prospectus which is available at Ongoing charges 0.45% 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 15.0% • Past performance is not an indicator of future returns. 10.3% The impact of charges and fees on the performance 9.8% •8.4% has been included. 7.7% 7.5% 10.0% 6.7% The performance of the class is calculated in euro.5.0% • 4.7%3.8% 3.2% 5.0% The fund launched in October 2017. This class started 1.6% • 1.2% There is insufficient data to to issue shares in October 2017. 0.0% produce a useful indication of past performance for the share class. -5.0% -3.3% -3.9% -8.0% -10.0% -8.3% 20162017 20182019 2020 2021 20222023 2024 2025 EUR Accumulation ICE BofAML 0-5 Year Euro Developed Markets High Yield 2% Constrained Index Switching may be available to authorised participants trading directly Practical Information with the fund. Depositary State Street Custodian Services (Ireland) Limited. Umbrella UCITS This document describes a share class of a sub-fundof the Company and the prospectus and periodic reports are prepared Prospectus and Further Information Further information on the for 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 or quarter 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 Euro Short-Term High Yield Corporate Bond UCITS ETF