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Beacon

PMBSPIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

Diversifier28y track recordRanked #19 of 240 in this goal

Seeks maximum total return while preserving capital and maintaining prudent investment management.

By PIMCO · Launched 1997

Annual Cost

0.71%

#3,560 of 5,562 · average

Fund Size

$1.3B

#956 of 5,562 · large

Return (1Y)Goal

+6.9%

Track Record

28 years

#41 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,687+6.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Strategy

Active selection

What it actually holds

By weight

Asset allocation

Bonds
148.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
4.2%Low

Year-on-year price swings

Max drawdown
-4.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.7 years

Avg maturity

9.8 years

Credit ratings

AAA
3.4%
AA
96.1%
A
0.3%
Below B
0.2%

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks maximum total return while preserving capital and maintaining prudent investment management.
Strategy
Invests primarily in a diversified portfolio of mortgage-related fixed income instruments, including mortgage pass-through securities and collateralized mortgage obligations. The average portfolio duration typically ranges from one to seven years, based on market forecasts.
Inception date
July 31, 1997
Fund family
PIMCO

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
91.5%
TE
1.4%
Beta
1.03
Fee
5× 0.14%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19