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 US Short-Term High Yield Corporate Bond

UCITS ETF

A sub-fund of PIMCO ETFs plc

ISIN: IE00BVZ6SQ11

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

this fund.Fund’s Base Currency US Dollars. Objectives and Investment Policy Objective The fund aims to provide the performance of the ICE BofAML 0-5 Year US High Yield Constrained Index (the "Reference Index").

Investment Policy The fund invests a substantial portion of its assets in a diversified portfolio of US Dollar denominated fixed income securities (which are loans that pay a fixed or variable rate of interest) and US dollar currency positions that as far as possible and practicable consist of the component securities of the Reference Index. The fund will invest in “non-investment grade” securities. These are generally considered to be riskier investments but may pay a higher income. In order to achieve its investment objective, the fund may also use financial derivatives particularly where investment in the underlying bonds or currencies is difficult. Accordingly, 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 day the NYSE Arca and banks in London are open for business. Please refer to the prospectus for further information. The fund shares are listed on one or more Stock Exchanges. As the fund is an exchange traded fund (“ETF”), in normal market conditions typically only authorised participants may subscribe or redeem shares directly with the fund. Other investors can buy or sell shares daily through an intermediary directly or on stock exchanges on which then shares are traded, i.e. on the secondary market. In exceptional circumstances, other investors will be permitted to redeem their shares directly from the Company in accordance with the redemption procedures set out in the prospectus, subject to applicable laws and any relevant charges.investment grade securities have a higher exposure to this risk. Risk and Reward ProfileDerivatives and Counterparty Risk The use of certain derivativescould result in the fund having a greater or more volatile exposure tothe underlying assets and an increased exposure to counterparty risk. 1

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3

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5

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This may expose the fund to larger gains or losses associated withmarket movements or in relation to a trade counterparty being unableto meet its obligations. < Lower risk Higher risk >Liquidity Risk Difficult market conditions could result in certain Typically lower rewards

Typically higher rewards

securities becoming hard to sell at a desired time and price.Interest Rate Risk Changes in interest rates will usually result in the This rating is not a measure of the risk of capital loss, but a measure of values of bond and other debt instruments moving in the opposite the fund's price movement over time. This rating:

direction (e.g. a rise in interest rates likely leads to fall in bond prices). • is based on historical data, which may be comparative, and may notFor more information on risks, please see the fund prospectus which isavailable 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: Index Tracking Risk Fund performance can potentially deviate from the reference index due to market conditions, transaction costs and different replication techniques such as optimization & sampling. 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-

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PIMCO US 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

3.00% *

cases you might pay less – you can find this out from yourfinancial advisor. Exit charge

3.00% *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 2024. This figure may vary from year to year. before the proceeds of your investment are paid out. Charges taken from the fund over a yearFor more information on charges, please see the relevantcharges section in the fund prospectus which is available at Ongoing charges

0.55%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. The entry and exit charges outlined here are not applicable to such secondary market investors. However, 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. Past Performance• Past performance is not an indicator of future returns.

16.1% 20.0%

15.1%• The impact of charges and fees on the performance

12.1%

11.8% 15.0%has been included.

9.9%9.8% 8.6%

8.4%• The performance of the class is calculated in US 10.0%

6.4%

6.0%

dollars.

5.6%4.8% 3.8%

3.6%

5.0%There is insufficient data to• The fund launched in March 2012. This class started 0.1%

produce a useful indication of

to issue shares in April 2015.

0.0% past performance

for the share class. -0.7%

-5.0%

-5.1%

-5.5% -10.0%

2015 20162017

2018

2019

2020

2021

202220232024

USD Accumulation

ICE BofAML 0-5 Year US High Yield 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-fund

of 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 The indicative intra-day net asset value of the fund

documents are available in local languages free of charge atis available at www.pimco.com, Bloomberg and Reuters. On a daily

www.pimco.com, by emailing pimcoemteam@statestreet.com or

basis, the fund discloses on www.pimco.com the identities and

by calling +353 1 7769990. Details of PIMCO Global Advisors quantities of its portfolio holdings that form the basis of its net asset

(Ireland) Limited’s remuneration policy is available at value from the previous dealing day.

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 29/04/2025. 2/2

PIMCO US Short-Term High Yield Corporate Bond UCITS ETF