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PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

etf
CORP
Dividend policy
Active
Price as of:
$112.42 -0.48 0%
primary theme
Corporate Bond
CORP (ETF)

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Dividend policy
Active
Price as of:
$112.42 -0.48 0%
primary theme
Corporate Bond
CORP (ETF)
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
Dividend policy
Active
Price as of:
$112.42 -0.48 0%
primary theme
Corporate Bond

CORP - Snapshot

Vitals

  • YTD Return -4.6%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $787 M
  • Holdings in Top 10 9.4%

52 WEEK LOW AND HIGH

$112.90
$92.44
$118.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Corporate Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Corporate Bond

Compare CORP to Popular Corporate Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Intermediate-Term Corporate Bond Index Fund

Fund

$31.28

-0.45%

$45.32 B

2.55%

$0.80

blocked
blocked
blocked

-3.19%

0.05%

Vanguard Intermediate-Term Investment Grade Fund

Fund

$10.16

-0.49%

$37.40 B

2.49%

$0.25

blocked
blocked
blocked

-2.96%

0.20%

PIMCO Investment Grade Credit Bond Fund

Fund

$10.82

-0.46%

$19.57 B

3.42%

$0.37

blocked
blocked
blocked

-4.16%

0.85%

MFS Corporate Bond Fund

Fund

$15.07

-0.53%

$6.21 B

2.61%

$0.40

blocked
blocked
blocked

-4.44%

0.79%

Fidelity® Corporate Bond Fund

Fund

$12.49

-0.48%

$3.56 B

2.52%

$0.32

blocked
blocked
blocked

-3.85%

0.50%

Compare CORP to Popular Corporate Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD | ETF

$131.00

-0.74%

$45.48 B

2.93%

$3.87

blocked
blocked
blocked

-5.94%

0.14%

Vanguard Intermediate-Term Corporate Bond Index Fund

VCIT | ETF

$94.17

-0.50%

$45.32 B

2.76%

$2.61

blocked
blocked
blocked

-3.58%

0.05%

iShares 5-10 Year Investment Grade Corporate Bond ETF

IGIB | ETF

$59.98

-0.45%

$11.04 B

2.94%

$1.77

blocked
blocked
blocked

-3.56%

0.06%

SPDR® Portfolio Intermediate Term Corporate Bond ETF

SPIB | ETF

$36.50

-0.36%

$5.98 B

2.28%

$0.83

blocked
blocked
blocked

-2.21%

0.07%

iShares Broad USD Investment Grade Corporate Bond ETF

USIG | ETF

$59.48

-0.59%

$5.92 B

3.07%

$1.84

blocked
blocked
blocked

-4.65%

0.06%

CORP - Profile

Distributions

  • YTD Total Return -4.0%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.10%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    Sep 20, 2010
  • Shares Outstanding
    6930000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Dorsten

Fund Description

The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the ICE BofA US Corporate Index (the "underlying index"). The underlying index is an unmanaged index comprised of U.S. dollar denominated investment grade corporate debt securities publicly issued in the U.S. domestic market with at least one year remaining term to final maturity.

CORP - Performance

Return Ranking - Trailing

Period CORP Return Category Return Low Category Return High Rank in Category (%)
YTD -4.6% -9.0% 6.2% 82.14%
1 Yr 3.3% -2.8% 17.6% 64.68%
3 Yr 6.9%* 0.3% 9.5% 41.46%
5 Yr 5.8%* 2.8% 14.2% 63.13%
10 Yr 5.1%* 2.4% 7.8% 56.82%

* Annualized

Return Ranking - Calendar

Period CORP Return Category Return Low Category Return High Rank in Category (%)
2020 6.5% -13.0% 10.6% 29.58%
2019 11.0% -3.9% 19.2% 22.12%
2018 -6.3% -52.7% -2.0% 44.39%
2017 3.3% -3.5% 9.5% 24.38%
2016 3.4% -0.7% 35.8% 41.30%

Total Return Ranking - Trailing

Period CORP Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -7.8% 6.2% 54.02%
1 Yr 3.3% -3.0% 17.6% 55.05%
3 Yr 6.9%* 0.3% 9.5% 36.59%
5 Yr 5.8%* 2.6% 14.2% 57.54%
10 Yr 5.1%* 2.4% 7.8% 52.27%

* Annualized

Total Return Ranking - Calendar

Period CORP Return Category Return Low Category Return High Rank in Category (%)
2020 6.5% -13.0% 10.6% 29.58%
2019 11.0% -3.9% 19.2% 24.64%
2018 -6.3% -14.6% 92.1% 62.24%
2017 3.3% -3.5% 9.5% 40.63%
2016 3.4% -0.7% 35.8% 52.90%

CORP - Holdings

Concentration Analysis

CORP Category Low Category High CORP % Rank
Net Assets 787 M 7.73 M 45.5 B 50.22%
Number of Holdings 513 3 7837 48.67%
Net Assets in Top 10 70.8 M -28.7 M 3.71 B 50.00%
Weighting of Top 10 9.38% 1.7% 100.0% 76.99%

Top 10 Holdings

  1. US Treasury Bond Future Dec 20 2.35%
  2. US Treasury Bond Future Dec 20 2.35%
  3. US Treasury Bond Future Dec 20 2.35%
  4. US Treasury Bond Future Dec 20 2.35%
  5. US Treasury Bond Future Dec 20 2.35%
  6. US Treasury Bond Future Dec 20 2.35%
  7. US Treasury Bond Future Dec 20 2.35%
  8. US Treasury Bond Future Dec 20 2.35%
  9. US Treasury Bond Future Dec 20 2.35%
  10. US Treasury Bond Future Dec 20 2.35%

Asset Allocation

Weighting Return Low Return High CORP % Rank
Bonds 		97.90% 15.72% 127.83% 19.47%
Convertible Bonds 		2.81% 0.00% 79.15% 59.73%
Stocks 		0.00% -0.02% 3.51% 59.73%
Preferred Stocks 		0.00% 0.00% 6.83% 70.80%
Other 		0.00% -38.66% 5.49% 55.75%
Cash 		-0.71% -39.96% 21.14% 87.61%

Bond Sector Breakdown

Weighting Return Low Return High CORP % Rank
Corporate 		91.16% 46.81% 100.00% 42.48%
Cash & Equivalents 		4.63% 0.00% 22.64% 27.88%
Government 		4.20% 0.00% 34.58% 53.54%
Securitized 		0.02% 0.00% 19.76% 76.11%
Derivative 		0.00% 0.00% 23.70% 61.50%
Municipal 		0.00% 0.00% 4.86% 78.32%

Bond Geographic Breakdown

Weighting Return Low Return High CORP % Rank
US 		71.03% 11.21% 125.21% 91.15%
Non US 		26.87% 0.00% 41.18% 5.31%

CORP - Expenses

Operational Fees

CORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.03% 8.55% 88.63%
Management Fee 0.20% 0.00% 1.35% 19.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

CORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 241.00% 12.96%

CORP - Distributions

Dividend Yield Analysis

CORP Category Low Category High CORP % Rank
Dividend Yield 1.46% 0.00% 2.95% 7.08%

Dividend Distribution Analysis

CORP Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CORP Category Low Category High CORP % Rank
Net Income Ratio 3.10% -1.57% 8.62% 35.16%

Capital Gain Distribution Analysis

CORP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

CORP - Fund Manager Analysis

Managers

Matthew Dorsten

Start Date

Tenure

Tenure Rank

Dec 22, 2015

5.19

5.2%

Mr. Dorsten is an executive vice president in the Newport Beach office and a portfolio manager in the quantitative strategies group. He is the lead portfolio manager for managed futures in addition to having portfolio management responsibilities in multi-asset alternative risk premia and beta replication strategies. He was previously a member of the financial engineering group working on mortgage-backed securities and event-linked bonds. Prior to joining PIMCO in 2006, he received his Ph.D. in theoretical particle physics from the California Institute of Technology, where he was a National Science Foundation Graduate Research Fellow. He holds undergraduate degrees in mathematics and physics from Ohio State University.

Graham Rennison

Start Date

Tenure

Tenure Rank

Oct 31, 2018

2.33

2.3%

Mr. Rennison is a senior vice president in the quantitative portfolio management group in the Newport Beach office, focusing on multi-asset-class systematic strategies. He was previously a member of the client analytics group, advising clients on strategic asset allocation. Prior to joining PIMCO in 2011, Mr. Rennison was a director and head of systematic strategies research at Barclays Capital in New York and also spent five years at Lehman Brothers. He has 15 years of investment experience and holds master's and undergraduate degrees in mathematics from Cambridge University, England.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 23.51 5.76 1.16

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