Key Information DocumentPurposeThis document provides you with key information about this investmentproduct. It is not marketing material. The information is required by law tohelp you understand the nature, risks, costs, potential gains and losses ofthis product and to help you compare it with other products.

Product PIMCO Advantage Global Government Bond UCITS ETF a sub-fund of PIMCO ETFs plc USD Accumulation (IE000Y2B34V0) Manufacturer: PIMCO Global Advisors (Ireland) Limited, a member of the PIMCO group. PIMCO Global Advisors (Ireland) Limited is authorised in Ireland and regulated by the Central Bank of Ireland which is responsible for supervising it in relation to this Key Information Document. This Product is authorised in Ireland. For more information on this product, please contact us by phone on +353 1776 9990 or via our website www.pimco.com. This document was produced on 29 April 2026.swaps. What is this product?

The fund is considered to be actively managed in reference to the Index byvirtue of the fact that it seeks to outperform the Index and the Index is used Typefor duration measurement, calculating the global exposure of the fund using This product is a UCITS sub-fund of a variable capital umbrellathe relative VaR methodology and for performance comparison purposes. investment company with segregated liability between sub-fundsWhile the fund is actively managed, due to the investment universe authorised by the Central Bank of Ireland pursuant to the Europeanrepresented by the Index and the intended investment universe of the fund Communities (Undertakings for Collective Investment in Transferable(as selected in accordance with the Investment Advisor’s investment Securities) Regulations 2011, as amended.strategy outlined herein), deviation from the Index is expected to be limited Subject to the conditions set down in the prospectus, shareholders may whereby volatility of the difference between the return of the fund and the exchange all or part of their shares of this fund for shares of another fund

return of the Index is anticipated to be low. The fund’s securities may be of the company. Please refer to the section entitled “How To Exchange

components of any may have similar weightings to the Index. However, the Shares” in the prospectus for further details. Index is not used to define the portfolio composition of the fund and the Term

fund may be wholly invested in securities which are not constituents of the This product has no fixed term.Index. Objectives As part of the funds investment strategy, the fund seeks to invest in a The fund aims to maximize total return, consistent with prudentdiverse, actively managed portfolio or global fixed income instruments. investment management. The fund may use derivative instruments such as futures, options, options Investment Policy

on futures and swap agreements (which may be listed or over-the-counter) The fund invests in a diversified portfolio of fixed income instruments that

and may also enter into currency forward contracts. are denominated in major world currencies. The average portfolio duration

The fund will promote environmental and social characteristics by operating of the fund will normally vary within two years (plus or minus) of the an exclusion strategy and by investing in ESG Fixed Income Securities. Bloomberg Global Agg Treasury Index (the “Index”). The Index provides

The fund is an active ETF and will aim to meet its objectives and a broad-based measure of the global government fixed income markets.

investment policy as outlined above and as further described in the The fund will seek to achieve returns in excess of the Index over the

prospectus. medium to long term after the deduction of all fees and expenses.

Dealing Day Shares in the fund can normally be redeemed on a daily The fund invests primarily in investment grade fixed income instrumentsbasis. Please refer to the section entitled "How to Redeem Shares" in the issued by sovereign issuers, but may invest up to 10% of its total assets in

prospectus. fixed income instruments that are rated lower than Baa by Moody’s or

Distribution Policy This share class does not pay out a distribution. Any lower than BBB by S&P or equivalently rated by Fitch, but rated at least

investment income generated will be reinvested. BB- by Moody’s or S&P or equivalently rated by Fitch (or, if unrated,

Portfolio Holdings In accordance with the requirements of the Central determined by the Investment Advisor to be of comparable quality) The

Bank the portfolio holdings as at the end of each calendar quarter are fund may invest without limit in securities of issuers that are economically

disclosed publicly on at www.pimco.com i.e. within 30 business-days of the tied to countries with developing, or “emerging market” economies

end of the quarter. (“emerging market securities”, which are described in further detail in theIntended retail investor prospectus under the heading “Emerging Markets Securities”).

Typical investors in the Fund will be investors who are looking to maximise The fund may hold both non-USD denominated fixed income instrumentstotal return through a combination of both income and capital growth and and non-USD denominated currency positions. Non-USD currency

are looking for a diversified exposure to global fixed income markets and exposure is limited to 20% of total assets. Therefore, movements in both

are willing to accept the risks and volatility associated with investing in such non-USD denominated fixed income Instruments and non-USD

markets and who have an investment horizon over the medium to long denominated currencies can influence the fund’s return. Currency hedging

term. activities and currency positions will be implemented using spot and forward foreign exchange contracts and currency futures, options and

This classification is subject to change over time. What are the risks and what could I get in

We have classified this product as 2 out of 7, which is a low risk class. return? This rates the potential losses from future performance at a low level and poor market conditions are very unlikely to impact the value of your Risk Indicator

investment. Be aware of currency risk. In some circumstances, you may receive

Lower risk

Higher risk

payments in a different currency, so the final return you will get may depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Other risks not covered by the risk indicator include Interest Rate Risk,

1

2 3 4

5 6

7

Credit and Default Risk and Currency Risk. For a full list of risks, please refer to the fund’s prospectus. The risk indicator assumes you keep the product for 3 years. TheThis product does not include any protection from future market actual risk can vary significantly if you cash in at an early stage and you performance so you could lose some or all of your investment. may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. Page 1 of 3 | Key Information Document | 29 April 2026 PIMCO Advantage Global Government Bond UCITS ETF, a sub-fund of PIMCO ETFs plc - USD Accumulation (IE000Y2B34V0)

Performance scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the fund or benchmark over the last 10 years. The stress scenario shows what you might get back in extreme market circumstances.Recommended Holding Period: 3 yearsInvestment: USD 10,000

ScenariosIf you exit after 3 years

Minimum: There is no minimum guaranteed return if you exit before 3 years. If you exit after 1 year(recommended holding period)

You could lose some or all of your investment.

StressWhat you might get back after costs8,590 USD

8,510 USDAverage return each year -14.08% -5.25%

Unfavourable

What you might get back after costs8,920 USD 8,840 USD¹Average return each year -10.80%-4.02%¹

Moderate

What you might get back after costs10,220 USD10,780 USD²Average return each year

2.19% 2.52%²

FavourableWhat you might get back after costs11,140 USD11,720 USD³Average return each year

11.35% 5.45%³ ¹ This type of scenario occurred for an investment between October 2020 and October 2023. ² This type of scenario occurred for an investment between April 2016 and April 2019. ³ This type of scenario occurred for an investment between July 2017 and July 2020.What happens if PIMCO Global Advisors (Ireland) Limited is unable to pay out? As a collective investment scheme that has engaged an independent depositary to perform safekeeping and ownership verification duties on its assets in accordance with EU law, your investment is not exposed to the credit risk of PIMCO Global Advisors (Ireland) Limited. Nonetheless you may face financial loss should PIMCO Global Advisors (Ireland) Limited or the depositary, State Street Custodial Services (Ireland) Limited default on their obligations. There is no compensation or guarantee scheme in place which may offset, all or any of, this loss.What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed, in the first year you would get back the amount that you invested (0 % annual return). For the other holding period, we have assumed the fund performs as shown in the moderate scenario. Investment: USD 10,000

If you exit after 1 yearIf you exit after 3 yearsTotal costs

33 USD105 USD

Annual cost impact (*)

0.3%0.3% (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 2.9% before costs and 2.5% after costs. Page 2 of 3 | Key Information Document | 29 April 2026 PIMCO Advantage Global Government Bond UCITS ETF, a sub-fund of PIMCO ETFs plc - USD Accumulation (IE000Y2B34V0)

Composition of costs One-off costs upon entry or exit If you exit after 1 year Entry costs

We do not charge an entry fee. *

0 USDExit costsWe do not charge an exit fee. *0 USD Ongoing costs taken each yearIf you exit after 1 year

0.19%** of the value of your investment per year. This is an estimate based on

Management fees and other actual costs over the last year. **The ongoing charges figure is inclusive of a

administrative or operating

0.10% fee waiver until 31 December 2026 (the fee waiver reducing to 0.05% on 1 19 USD

costs January 2027 until its expiry on 31 December 2028).** 0.14% of the value of your investment per year. This is an estimate of the costs

Transaction costs incurred when we buy and sell the underlying investments for the product. The

14 USD actual amount will vary depending on how much we buy and sell. Incidental costs taken under specific conditions If you exit after 1 yearPerformance fees

This product does not have any performance fees.

0 USD * 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 related to their dealings and 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%.

How long should I hold it and can I take money out early? Recommended holding period: 3 years This product has no required minimum holding period but is designed for medium term investment; you should be prepared to stay invested for at least 3 years.The fund's net asset value is calculated daily and the fund is open for redemptions on each day the Deutsche Börse AG 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.How can I complain? If you have any complaints about the product or conduct of the manufacturer or the person advising on, or selling the product, you may lodge your complaint in one of three ways: You can contact us on + 353 1776 9990 and we will log your complaint and explain what to do. You may log your complaint via our website www.pimco.com or via email PIMCOEMteam@statestreet.com. You may send your complaint in writing to PIMCO Shareholder Services State Street Fund Services (Ireland) Limited 78 Sir John Rogerson’s

Quay, Dublin 2, D02 HD32 Ireland. Other relevant information Depositary State Street Custodial Services (Ireland) Limited. Prospectus and further information Further information on the fund or other share classes or sub-funds of the company, including the prospectus, supplement in respect of the product and the most recent annual report and semi-annual reports of the company may be obtained free of charge and on request in English from the Administrator or from PIMCO Shareholders Services at PIMCOEMteam@statestreet.com. The documents are available in local languages and free of charge on request from PIMCO Shareholder Services at PIMCOEMteam@statestreet.com. Details of PIMCO Global Advisors (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. Please visit our dedicated page on https://www.priips.pimco.com/etf to view the fund's historical performance and the monthly performance scenarios over the past 10 years. Page 3 of 3 | Key Information Document | 29 April 2026