Seeking Alpha

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

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.
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