PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
Summary Prospectus
October 30, 2026
| Ticker |
MINT |
NYSE Arca |
Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus, reports to shareholders and other information about the Fund online at
http://investments.pimco.com/prospectuses. You can also get this information at no cost by calling 888.400.4ETF (888.400.4383) or by sending an email request to
pimcoregdocgroup@pimco.com. The Fund’s prospectus and Statement of Additional Information, both dated October 30, 2026, as supplemented, are incorporated by
reference into this Summary Prospectus.
Investment Objective
The Fund seeks maximum current income, consistent with preservation of
capital and daily liquidity.
Fees and Expenses
of the Fund
This table describes the fees and expenses that you
may pay if you buy, hold and sell shares of the Fund.You may pay other fees,
such as brokerage commissions and other fees to financial
intermediaries, which are not reflected in the table and
example below.
| Shareholder Fees (fees paid directly from your investment): |
N/A |
Annual Fund Operating Expenses (expenses that you pay each year as a
percentage of the value of your investment):
| Management Fees |
0.35% |
| Other Expenses(1) |
0.01% |
| Total Annual Fund Operating Expenses |
0.36% |
1
“Other Expenses” include interest expense of 0.01%. Interest expense is
borne by the Fund separately from the management fees paid to Pacific Investment Management Company
LLC (“PIMCO”). Excluding interest expense, Total Annual Fund Operating Expenses are 0.35%.
Example. The Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other exchange-traded funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated, and then hold or sell all of your
shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
| 1 Year |
3 Years |
5 Years |
10 Years |
| $37 |
$116 |
$202 |
$456 |
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns
over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are
not reflected in the Annual Fund Operating
Expenses or in the Example tables, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 89% of the average value of its portfolio.
Principal Investment Strategies
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of
varying maturities, which may be represented by forwards.“Fixed Income Instruments”
include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S.
public- or private-sector entities. The average portfolio duration of this Fund will vary based
on PIMCO’s market forecasts and will normally not exceed one year. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s
duration, the more sensitive it will be to changes in interest rates. The dollar-weighted average portfolio maturity of the Fund is normally not expected to exceed three years.
The Fund primarily invests in U.S. dollar-denominated investment grade debt securities, rated Baa or higher by
Moody’s Ratings (“Moody’s”), or equivalently rated by S&P Global Ratings (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality. In the event that
ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest, without limitation, in U.S. dollar- denominated securities and instruments of foreign issuers.
The Fund may invest, without limitation, in futures contracts, subject to applicable law and any other
restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may invest, without limitation, in mortgage or asset-backed securities, including to-be-announced transactions. The Fund
may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis.
The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar
rolls).
The Fund generally intends to consider the federal income
tax impact of the manner in which it seeks to obtain and dispose of investment
exposures.
Principal Risks
It is possible to experience losses on an investment in the Fund. The principal risks of investing in the Fund, which could adversely affect its net asset value, yield and total
return, are listed below.
Market Trading
Risk: the risk that an active secondary trading market for Fund shares does not continue once developed, that the Fund may not continue to meet a listing
exchange’s trading or listing requirements, that trading in Fund shares may be halted or become less liquid, or that Fund shares trade at prices other than the Fund’s net asset value and are subject to
trading costs. These risks may be exacerbated if the creation/redemption process becomes less effective, particularly during times of market stress or volatility
PIMCO ETF Trust | Summary Prospectus
