As it debuted its first exchange-traded fund on the NYSE Arca Tuesday, PIMCO announced it plans to launch six additional fixed income ETFs.

PIMCO’s first ETF is the PIMCO 1-3 Year U.S. Treasury Index Fund, which will focus on stable principal value and avoid credit risk.

“By launching our first ETF today, PIMCO is diversifying the range of products that we offer to both long-standing and new clients around the world,” said Chief Executive Officer Mohamen El-Erian.

The other six funds are: the PIMCO 3-7 Year U.S. Treasury Index Fund, PIMCO 7-15 Year U.S. Treasury Index Fund, PIMCO 15+ Year U.S. Treasury Index Fund, PIMCO Broad U.S. TIPS Index Fund, PIMCO Short Maturity U.S. TIPS Index Fund and PIMCO Long Maturity U.S. TIPS Index Fund.

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