PIMCO ETFs plc - PIMCO Covered Bond UCITS ETF is an exchange traded fund launched by PIMCO Global Advisors (Ireland) Limited. It is co-managed by PIMCO Europe Ltd and PIMCO Deutschland GmbH. The fund invests in the fixed income markets across the globe. It invests in fixed-rate covered bonds issued by a financial institution and backed by a group of loans and have at least one year remaining term to final maturity. The fund invests in investment grade securities that are rated by Fitch, S&P, and Moody’s. It employs active management style to manage its portfolio. The fund employs fundamental analysis with a bottom-up and top-down security picking approach by focusing on factors such as global economy and financial markets, undervalued securities, and absolute VaR model to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Euro Aggregate Covered Bonds 3% Cap Index. PIMCO ETFs plc - PIMCO Covered Bond UCITS ETF was formed on December 17, 2013 and is domiciled in Ireland.