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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

CORP | ETF

$96.14

$1.09 B

4.87%

$4.68

0.36%

Vitals

YTD Return

2.9%

1 yr return

8.5%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

0.9%

Net Assets

$1.09 B

Holdings in Top 10

8.8%

52 WEEK LOW AND HIGH

$96.2
$92.33
$99.85

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

CORP | ETF

$96.14

$1.09 B

4.87%

$4.68

0.36%

CORP - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Sep 21, 2010
  • Shares Outstanding
    6180000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Dorsten

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (“Component Securities”) of ICE BofA US Corporate Index (the “Underlying Index”). The Fund may invest the remainder of its assets in Fixed Income Instruments that are not Component Securities, but which PIMCO believes will help the Fund track its Underlying Index, as well as in cash and investment grade, liquid short-term instruments, forwards or derivatives, such as options, futures contracts or swap agreements, and shares of affiliated bond funds. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The Fund may invest in securities rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security.The average portfolio duration of this Fund will closely correspond to the portfolio duration of the securities comprising its Underlying Index, as calculated by PIMCO, which as of September 30, 2024 was 6.69 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.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. As of September 30, 2024, there were 10,668 issues in the Underlying Index. The securities comprising the Underlying Index have an investment grade rating (based on an average of the ratings of Moody’s, S&P and Fitch) and an investment grade rated country of risk (based on an average of Moody’s, S&P and Fitch foreign currency long term sovereign debt ratings). In addition, qualifying securities must have a minimum $250 million of outstanding face value and a fixed coupon schedule. Original issue zero coupon bonds, debt issued simultaneously in the Eurobond and U.S. domestic bond markets, 144A securities and corporate pay-in-kind securities qualify for inclusion in the Underlying Index. Callable perpetual securities qualify for inclusion in the Underlying Index provided they are at least one year from the first call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year from last call prior to the date the bond transitions from a fixed to a floating rate security. The Underlying Index is capitalization-weighted and the composition of Component Securities is updated monthly. Cash flows from bond payments that are received during the month are retained in the Underlying Index, without earning reinvestment income, until removal at the end of the month as part of the rebalancing. It is not possible to invest directly in the Underlying Index. The Underlying Index does not reflect deductions for fees, expenses or taxes.PIMCO uses an indexing approach in managing the Fund’s investments. The Fund employs a representative sampling strategy in seeking to achieve its investment objective. In using this strategy, PIMCO seeks to invest in a combination of Component Securities and other instruments, or in Component Securities but in different proportions as compared to the weighting of the Underlying Index, such that the portfolio effectively provides exposure to the Underlying Index. In using a representative sampling strategy, the Fund may not track its Underlying Index with the same degree of accuracy as a fund that replicates the composition and weighting of the Underlying Index. Unlike many investment companies, the Fund does not attempt to outperform the index the Fund tracks. An indexing approach may eliminate the chance that the Fund will substantially outperform its Underlying Index but also may reduce some of the risks of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may invest in U.S. dollar-denominated securities of foreign issuers, including securities and instruments economically tied to emerging market countries. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs). The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in interest rates.
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CORP - Performance

Return Ranking - Trailing

Period CORP Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -1.4% 7.7% 62.43%
1 Yr 8.5% 3.6% 12.2% 55.49%
3 Yr -1.6%* -7.7% 40.6% 25.00%
5 Yr 0.9%* -7.1% 25.4% 37.50%
10 Yr 2.7%* -0.1% 14.4% 25.49%

* Annualized

Return Ranking - Calendar

Period CORP Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -5.6% 6.3% 35.84%
2022 -17.6% -28.7% 142.1% 17.44%
2021 -3.6% -12.3% 4.9% 34.91%
2020 6.5% -8.0% 10.6% 33.33%
2019 11.0% 4.3% 13.4% 21.94%

Total Return Ranking - Trailing

Period CORP Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -1.4% 7.7% 62.43%
1 Yr 8.5% 3.6% 12.2% 55.49%
3 Yr -1.6%* -7.7% 40.6% 25.00%
5 Yr 0.9%* -7.1% 25.4% 37.50%
10 Yr 2.7%* -0.1% 14.4% 25.49%

* Annualized

Total Return Ranking - Calendar

Period CORP Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -5.6% 12.9% 20.81%
2022 -15.0% -25.6% 151.8% 21.51%
2021 -1.2% -5.1% 7.5% 71.60%
2020 9.7% -8.0% 116.0% 60.61%
2019 14.8% 6.7% 17.4% 32.90%

CORP - Holdings

Concentration Analysis

CORP Category Low Category High CORP % Rank
Net Assets 1.09 B 17.6 M 47.3 B 49.13%
Number of Holdings 1421 4 10364 13.87%
Net Assets in Top 10 99.8 M -29.6 M 3.03 B 52.60%
Weighting of Top 10 8.84% 1.7% 143.7% 78.61%

Top 10 Holdings

  1. TSY INFL IX N/B 01/34 1.75 1.63%
  2. US TREASURY N/B 02/44 4.5 1.36%
  3. US TREASURY N/B 02/34 4 1.22%
  4. US TREASURY N/B 05/33 3.375 1.17%
  5. US TREASURY N/B 05/34 4.375 0.97%
  6. WELLS FARGO + COMPANY SR UNSECURED 07/33 VAR 0.54%
  7. US TREASURY N/B 08/32 2.75 0.50%
  8. CF INDUSTRIES INC COMPANY GUAR 03/34 5.15 0.50%
  9. CBRE SERVICES INC COMPANY GUAR 08/34 5.95 0.50%
  10. CITIBANK NA SR UNSECURED 04/34 5.57 0.43%

Asset Allocation

Weighting Return Low Return High CORP % Rank
Bonds 		103.13% 0.00% 136.47% 10.40%
Convertible Bonds 		3.35% 0.00% 78.47% 72.83%
Cash 		0.32% -43.80% 45.89% 89.60%
Stocks 		0.00% 0.00% 99.98% 61.27%
Preferred Stocks 		0.00% 0.00% 9.18% 62.43%
Other 		-3.27% -4.61% 11.28% 96.53%

Bond Sector Breakdown

Weighting Return Low Return High CORP % Rank
Corporate 		79.00% 41.80% 99.52% 68.79%
Government 		5.63% 0.00% 25.63% 49.13%
Derivative 		0.36% -2.67% 2.14% 15.03%
Cash & Equivalents 		0.32% 0.00% 45.89% 76.30%
Securitized 		0.00% 0.00% 23.18% 92.49%
Municipal 		0.00% 0.00% 3.37% 82.66%

Bond Geographic Breakdown

Weighting Return Low Return High CORP % Rank
US 		103.13% 0.00% 110.12% 9.83%
Non US 		0.00% 0.00% 47.05% 66.47%

CORP - Expenses

Operational Fees

CORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.03% 3.33% 80.00%
Management Fee 0.20% 0.00% 1.35% 15.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 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% 4.00% 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 21.00% 0.00% 259.00% 12.28%

CORP - Distributions

Dividend Yield Analysis

CORP Category Low Category High CORP % Rank
Dividend Yield 4.87% 0.00% 6.00% 34.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CORP Category Low Category High CORP % Rank
Net Income Ratio 2.55% 0.38% 5.93% 29.24%

Capital Gain Distribution Analysis

CORP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

CORP - Fund Manager Analysis

Managers

Matthew Dorsten

Start Date

Tenure

Tenure Rank

Dec 22, 2015

6.44

6.4%

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.

Tanuj Dora

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Mr. Dora joined DWS in 2010. Mr. Dora is a Vice President with Deutsche Asset Management and has served as a Portfolio Manager in the Passive Asset Management business since 2016. Prior to his current role, Mr. Dora was responsible for trading and market making of European fixed income ETFs, structured funds, index swaps and options within the Fixed Income Derivatives Group in Corporate Banking & Securities, based out of London. Mr. Dora has a BTech and MTech (dual degree) in Industrial Engineering & Management from the Indian Institute of Technology Kharagpur.

Rama Nambimadom

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Executive Vice President, PIMCO. Mr. Nambimadom previously served as head of portfolio management analytics, as head of analytics for PIMCO Advisory and as a senior financial engineer developing credit and interest rate derivative models and trading ideas. Prior to joining PIMCO in 2002, he worked for three years as a quantitative analyst/trader on the interest rate derivatives trading desk at ABN AMRO and had consulting engagements with Morgan Stanley and the Bank of Montreal. He has system analysis and development experience since 1998.

Amit Agrawal

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Senior Vice President, PIMCO. Mr. Agrawal’s focus is on high yield and macro credit strategies. Prior to joining PIMCO in 2018, Mr. Agrawal worked at GMO as a high yield and structured credit portfolio manager. Previously, he was a director at Bank of America Merrill Lynch, responsible for trading in credit derivatives, including tranches and options. He has investment experience since 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.81 4.41

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