CORP
PIMCO Investment Grade Corporate Bond Index ETFCORP Fund Description
CORP tracks a market-weighted index of US dollar denominated investment-grade corporate bonds.
CORP Factset Analytics Insight
CORP is one of the most marketlike investment-grade corporate bond ETFs, despite only holding a few hundred bonds. Its holdings have an average maturity of around 9 years, with about half the portfolio set to mature in 7 years or more. Like our benchmark, CORP emphasizes corporate bonds at the lower end of the investment-grade credit spectrum, though it does hold a large chunk of AAA-rated issues. On the whole though, CORP comes close to neutral market exposure. The fund's secondary liquidity is decent, seeing plenty of daily volume but often sizeable spreads as well. A bigger problem is its anemic underlying liquidity, which will frustrate investors looking to execute block trades. The fund charges a reasonable fee for its segment, but its inconsistent tracking means that investors may realize higher holding costs. It has also made capital gains distributions in the past, though its track record has improved on that score.
CORP MSCI ESG Analytics Insight
PIMCO Investment Grade Corporate Bond Index ETF has an MSCI ESG Fund Rating of BB based on a score of 4.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PIMCO Investment Grade Corporate Bond Index ETF ranks in the 23th percentile within its peer group and in the 14th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
CORP CHARTS AND PERFORMANCE
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CORP Portfolio Data
CORP Index Data
CORP Portfolio Management
CORP Tax Exposures
CORP Fund Structure
CORP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CORP. CORP is rated a N/A out of 5.
CORP Tradability
CORP Sector/Industry Breakdown
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CORP Top 10 Holdings[View All]
CORP Top 5 Countries
CORP
CORP Top 5 Currencies
CORP
CORP Performance Statistics
CORP MSCI ESG Ratings
CORP HOLDINGS STATISTICS
CORP AVG LIFE MATURITY DISTRIBUTION
CORP OAS BREAKDOWN
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