CORP ETF Report: Ratings, Analysis, Quotes, Holdings

Popular CORP Comparisons: CORP vs USIG, CORP vs LQD, CORP vs VTC, CORP vs QLTA, CORP vs SPXB

Related ETF Channels: U.S., Investment Grade Bonds, Broad Maturities, Vanilla, Bond, North America, Fixed Income

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*Unless otherwise stated, data provided by FactSet.

CORP 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 BBB based on a score of 5.64 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 43th percentile within its peer group and in the 35th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

CORP Charts And Performance

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PERFORMANCE [as of 01/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

CORP -0.34% 1.90% -0.95% 7.82% 7.00% 6.50% 5.45%

CORP (NAV) -0.48% 1.72% -1.14% 7.33% 6.93% 6.48% 5.41%

ICE BofAML US Corporate Index -0.46% 1.76% -1.12% 7.23% 6.94% 6.43% 5.52%

Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CORP Summary Data

PIMCO

09/20/10

Open-Ended Fund

0.20%

$833.67M

$5.93M

0.16%

USIG, LQD, VTC, QLTA, SPXB

Fund Home Page

CORP Portfolio Data

7.62

1.90%

N/A

500

CORP Index Data

ICE BofAML US Corporate Index

Market Value

Bloomberg Barclays US Aggregate Corporate Index

CORP Portfolio Management

0.20%

0.18%

0.88%

Max. Downside Tracking Difference (12 Mo) -1.02%

CORP Tax Exposures

20.00% / 39.60%

0.04%

Ordinary income

CORP Fund Structure

Open-Ended Fund

Yes

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

CORP Factset Analytics Block Liquidity

As of 01/22/21

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

50,972

$5.93M

39,156

$4.57M

0.16%

$0.19

0.00%

2.84% / -5.35%

None

100.00%

50,000

0.78

0.01%

$115.78

N/A

CORP Top 10 Holdings[View All]

Total Top 10 Weighting 0.00%

CORP Performance Statistics

CORP MSCI ESG Ratings

5.64 / 10

34.57

43.31

11.86%

3.00%

337.39

CORP Holdings Statistics

10.78 years

Effective Duration 7.62

1.90%

Credit Spread Duration 7.61

Concentration Low

Number of Holdings 500

Option Adjusted Spread 1.14%

CORP Avg Life Maturity Distribution

0 - 1 years 6.14%

1 - 2 years 7.45%

2 - 3 years 7.28%

3 - 5 years 15.54%

5 - 7 years 13.75%

7 - 10 years 15.46%

10 - 15 years 3.86%

15 - 20 years 7.59%

> 20 years 22.92%

CORP OAS Breakdown

0 - 100 bps 49.29%

100 - 200 bps 37.43%

200 - 300 bps 10.50%

300 - 400 bps 1.82%

400 - 500 bps 0.70%

500 - 600 bps 0.23%

600 - 700 bps 0.03%

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

CORP