CORP icon

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP

Overview Fund Activity
98.89 USD
-0.14
0.14%
At close Updated Sep 12, 4:00 PM EDT
1 day
-0.14%
5 days
0.3%
1 month
1.67%
3 months
2.58%
6 months
3.09%
Year to date
3.97%
1 year
-0.39%
5 years
-14.28%
10 years
-1.56%
0
Funds holding %
of 7,462 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

83.5% more ownership

Funds ownership: 78.86% [Q1] → 162.37% (+83.5%) [Q2]

11% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 61

3% less capital invested

Capital invested by funds: $1.04B [Q1] → $1.01B (-$29.7M) [Q2]

4% less funds holding

Funds holding: 175 [Q1] → 168 (-7) [Q2]

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

30% less funds holding in top 10

Funds holding in top 10: 10 [Q1] → 7 (-3) [Q2]

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Financial journalist opinion

Neutral
Seeking Alpha
4 months ago
What's Going On With Treasury Rates?
We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.
What's Going On With Treasury Rates?
Positive
Seeking Alpha
1 year ago
CORP: Pimco's Answer To An Investment Grade Corporate Bond Fund
PIMCO's corporate bond ETF seeks to provide optimized exposure to investment grade corporate bonds with excess yield relative to government securities. The fund has over 1,500 holdings, with a focus on investment grade corporate bonds, particularly BBB-rated credits, and has a 6.2 years duration. The ETF has performed similarly to the larger iShares iBoxx $ Investment Grade Corporate Bond ETF, with a slight outperformance due to lower duration.
Positive
Seeking Alpha
1 year ago
The Credit Opportunity In M&A
M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.
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