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
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 23, 2019 the PIMCO Investment Grade Corporate Bond Index ETF MSCI ESG Fund Quality Score is 4.26 out of 10.
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. CORP ranks in the 19th percentile within its peer group and in the 24th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
CORP CHARTS AND PERFORMANCE
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CORP Top 10 Countries [View All]
CORP Top 10 Sectors
CORP Top 10 Holdings [View All]
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 2 out of 5.
CORP Tradability
CORP Sector/Industry Breakdown
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CORP Top 10 Holdings[View All]
CORP Top 5 Countries
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CORP Top 5 Currencies
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CORP Performance Statistics
CORP MSCI ESG Ratings
CORP HOLDINGS STATISTICS
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CORP MATURITY DISTRIBUTION
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CORP CREDIT BREAKDOWN
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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.