The PIMCO Global Credit Active ETF is an actively managed portfolio that aims to provide well-diversified exposure to non-government fixed interest markets. It offers diversification benefit, and aims to provide a yield premium, and greater total return potential of corporate and credit versus government securities. PCRD benefits from PIMCO’s time-tested investment process as well as PIMCO’s team of credit analysts who act as sector specialists in every major area of the credit market.