CORP

PIMCO Investment Grade Corporate Bond Index ETF
*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 BB based on a score of 4.21 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 16th 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 10/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CORP 0.15% 2.97% 13.18% 14.16% 4.37% 4.28% --
CORP (NAV) 0.04% 2.73% 12.97% 13.94% 4.34% 4.32% --
ICE BofAML US Corporate Index 0.22% 2.71% 12.65% 13.86% 4.49% 4.28% --
Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CORP Summary Data

Allianz
PIMCO
09/20/10
Open-Ended Fund
0.20%
$593.61M
$9.54M
0.09%

CORP Portfolio Data

6.96
--
3.21%
10/01/19
575

CORP Index Data

ICE BofAML US Corporate Index
Market Value
Market Value
Bloomberg Barclays US Aggregate Corporate Index

CORP Portfolio Management

0.20%
-0.08%
0.38%
-0.87%

CORP Tax Exposures

20.00% / 39.60%
0.02%
Ordinary income
No

CORP Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
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 10/22/19
5
4
3
2
1

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

86,926
$9.54M
36,542
$4.03M
0.09%
$0.10
-0.03%
0.46% / -0.66%
None
100.00%
50,000
0.73
0.01%
--
0
$109.12
N/A

CORP Sector/Industry Breakdown


CORP
Segment Benchmark
49.14%
--
39.67%
--
7.29%
--
3.90%
--

CORP Top 10 Holdings[View All]

2.85%
0.74%
0.73%
0.67%
0.66%
0.65%
0.64%
0.63%
0.62%
0.61%
8.8%

CORP Top 5 Countries


CORP
Segment Benchmark
75.40%
--
4.69%
--
3.05%
--
2.70%
--
2.45%
--

CORP Top 5 Currencies


CORP
Segment Benchmark
100.00%
--

CORP Performance Statistics

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CORP MSCI ESG Ratings

BB
4.21 / 10
15.71
23.32
11.38%
3.45%
348.40

CORP Holdings Statistics

10.22 years
6.96
3.21%
6.98
Low
575
1.24%

CORP Avg Life Maturity Distribution

3.70%
8.96%
8.46%
16.72%
18.06%
14.35%
2.90%
6.66%
20.20%

CORP OAS Breakdown

48.98%
37.92%
11.25%
1.23%
0.17%
0.46%
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