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 Emerging Markets Advantage Local Bond

UCITS ETF

A sub-fund of PIMCO ETFs plc

ISIN: IE00BH3X8336

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

this fund.

Objectives and Investment Policy Objective The fund aims to provide the performance of the PIMCOis open for redemptions on each business day in England. Please Emerging Markets Advantage Local Currency Bond Index (the

refer to the prospectus for further information. The fund shares are "Reference Index").listed on one or more Stock Exchanges. As the fund is an exchange Investment Policy The Reference Index is a gross domestic product

traded fund (“ETF”), in normal market conditions typically only (“GDP”) weighted benchmark for local emerging market governmentauthorised participants may subscribe or redeem shares directly with debt, subject to a maximum exposure of 15% per country. The particular the fund. Other investors can buy or sell shares daily through an countries and their weighting are determined annually. Qualifying

intermediary directly or on stock exchanges on which then shares are countries must have a minimum average sovereign rating of BB- (withtraded, i.e. on the secondary market. In exceptional circumstances, such ratings provided by recognised rating agencies). The fund invests a

other investors will be permitted to redeem their shares directly from substantial portion of its assets in a diversified portfolio of emerging

the Company in accordance with the redemption procedures set out in market local government debt.

the prospectus, subject to applicable laws and any relevant charges. The fund will attempt to achieve its objectives by investing primarily in aFund’s Base Currency US Dollars. 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 pays out a distribution of any investment income generated by the fund. You may elect for this to be reinvested into the fund. Dealing Day The fund's net asset value is calculated daily and the fund 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 Emerging Markets Advantage 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 invest

The entry charges shown are maximum figures. In some

cases you might pay less – you can find this out from your Entry charge3.00% *

financial 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.

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 feeNone *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

20.0%

• Past performance is not an indicator of future returns.

14.2%

13.6%

13.7%

14.3%

15.0%

12.9%

12.5%• The impact of charges and fees on the performance has

10.4%

9.7%

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 January 2014.

produce a useful indication of

-5.0% past performance -3.6% -3.4%

for-5.8%

the share class. -5.2%-4.7% -5.9%

-6.8% -10.0%

-9.4%

-9.8%

-15.0%-14.3%

-20.0%201520162017201820192020 2021

2022

2023 2024USD Income

PIMCO 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 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 29/04/2025.2/2

PIMCO Emerging Markets Advantage Local Bond UCITS ETF