The resolution also brings the company closer to the end of a scarring, acrimonious split from Gross in 2014 that caused it to hemorrhage assets.
The BOND ETF, launched in 2012 and initially run by Gross, was once the largest ETF managed by someone who actively decided how the fund's assets would be invested. Most of the larger ETFs merely track an index.
The well-known bond investor is still pursuing a $200 million lawsuit claiming he was forced to resign so that his bonus could be divided among others.
Assets in BOND fell from $5.2 billion at its 2013 peak to $2.3 billion currently, according to data from Thomson Reuters Lipper and Pimco.
This article was provided by Reuters.