Helping Pimco's Total Return ETF (BOND) to its big outperformance since the April launch is a...

|By:, SA News Editor

Helping Pimco's Total Return ETF (BOND) to its big outperformance since the April launch is a large allocation (10% of assets) to municipal bonds. Treasurys make up just 4% of the holdings vs. the competing Aggregate Bond Index (AGG), where government paper makes up 36% of AUM.