The PIMCO Australian Bond Active ETF (PAUS) is a diverse, actively managed portfolio of fixed income securities that invests predominantly in a wide range of high-quality bonds from issuers in Australia and New Zealand. It may help diversify an investment portfolio because it is designed to have low or negative correlation to many assets, including equities. PAUS is managed by a local experienced investment team offering insight into their respective specialties. The fund also benefits from PIMCO’s global investment process, which incorporates global insights into local management.