Bond fund goliath Pimco has plans to expand its line up further. The company has filed for SEC approval of six new bond exchange-traded funds (ETFs), five of which will be passively managed.

The funds will be distributed by Pimco's parent company Allianz Global Investors. Expense ratios and portfolio managers have yet to do be assigned.

The passive ETFs include the Pimco 0-3 Year Banking Sector Corporate Bond Index Fund, Pimco 1-5 Year High Yield Corporate Bond Index Fund, Pimco Emerging Markets Aggregate U.S. $ Denominated Bond Index Fund, Pimco High Yield Corporate Bond Index Fund and the Pimco Investment Grade Corporate Bond Index Fund. The actively managed ETF is the Pimco Build America Bond Strategy Fund.

Pimco is the first company to offer an actively managed Build America Bond fund. Both Eaton Vance and Power Shares launched passively managed versions in the fall of 2009. The BAB program, part of the economic stimulus, is set to expire in December of 2010, although President Obama has included BAB in his 2011 budget.

The passively managed funds will track corresponding Merrill Lynch benchmarks and invest mostly in either investment grade or junk-quality debt. 

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