As of October 1, 2014, PIMCO ETF Trust - PIMCO Build America Bond Exchange-Traded Fund has gone out of business. PIMCO ETF Trust - PIMCO Build America Bond Exchange-Traded Fund is an exchange traded fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of the United States. The fund invests in the U.S. dollar denominated taxable municipal debt securities issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities. It invests in investment grade securities that are rated between BBB and AAA by S&P and Fitch and has a portfolio duration within two years (plus or minus) of the securities comprising the Barclays Build America Bond Index. The fund employs active management style to manage its portfolio. It focuses on factors such as potential to offer attractive current income, bonds that can provide consistently attractive current yields or that are trading at competitive market prices to create its portfolio. The fund benchmarks the performance of its portfolio against the Barclays Build America Bond Index. It was formerly known as PIMCO ETF Trust - PIMCO Build America Bond Strategy Fund. PIMCO ETF Trust - PIMCO Build America Bond Exchange-Traded Fund was formed on September 20, 2010 and is domiciled in the United States.