The PIMCO Active Bond Exchange-Traded Fund (BOND) is a fixed-income CEF focusing on lower-risk lower-yield investment grade corporate securities. BOND is much closer to a total bond index ETF, even a treasuries ETF, than to the average PIMCO fixed-income CEF. As such, expect under half the returns of these, or between 3% and 4% per year, but at a significantly lower level of risk.
BOND, like effectively all PIMCO funds, is able to leverage the expertise, knowledge, and excellence of its investment managers to create a high-quality fund which generally outperforms its peers and index,