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PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

NAV
$103.12
1 Day Return
$0.19  |   0.18%

As of 3/27/2017

Market Price
$102.98
1 Day Return
$0.20  |   0.19%

As of 3/27/2017

Fund Description

The PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund is an exchange-traded fund (ETF) that seeks to provide efficient and optimized exposure to the investment grade corporate sector. The fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of The BofA Merrill Lynch US Corporate IndexSM.

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Portfolio Management


Mohit Mittal

Mohit Mittal
Mr. Mittal is a managing director and portfolio manager in the Newport Beach office. He manages investment grade credit, total return and unconstrained bond portfolios and is a member of the Americas Portfolio Committee. Previously, he was a specialist on PIMCO’s interest rates and derivatives desk. Mr. Mittal joined the firm in 2007 and holds an MBA in finance from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.

Matt Dorsten

Matt Dorsten
Mr. Dorsten is a senior vice president in the quantitative portfolio group in the Newport Beach office, focusing on quantitative strategy and passive replication. 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 has nine years of investment experience and holds undergraduate degrees in mathematics and physics from Ohio State University.

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Fund Information

As of 3/27/2017

Ticker CORP
CUSIP 72201R817
Inception Date 9/20/2010
Shares Outstanding 6,830,000
Total Net Assets $704,308,182.27
Daily Trading Volume
(in shares)
17,938
Premium/Discount Average
(since inception)
0.03%
Premium/Discount as
of market close
-0.14%
Closing Price 103.05

As of 3/27/2017 8:00PM EST

Yield Information

Estimated Yield to Maturity 3.26%
SEC 30-Day Yield 3.09%

As of 3/27/2017

Distribution Yield 3.20%

As of 2/28/2017

Portfolio Information

Number of Holdings 399
Effective Maturity 9.96 Years
Effective Duration 6.68 Years

As of 3/27/2017

Tracking Error 0.56%

Since Inception as of 2/28/2017

Full Performance & Risk

Index Information

Index
BofA Merrill Lynch US Corporate Index
Index Description

BofA Merrill Lynch US Corporate Indexsm is an unmanaged index comprised of U.S. dollar denominated investment grade, fixed rate corporate debt securities publicly issued in the U.S. domestic market with at least one year remaining term to final maturity and at least $250 million outstanding. It is not possible to invest directly in an unmanaged index.
Index Ticker C0A0
Inception Date 12/31/1972
Rebalancing Frequency Monthly
Annualized Volatility 5.88%

As of 2/28/2017

As of 3/27/2017

Dividends and Distributions

Full distribution history

As of 3/27/2017

Top 10 Exposures**

REPO 6.71%
CDX IG27 5Y 2.60%
CDX IG26 5Y 1.39%
WAL-MART STORES INC SR NT 0.89%
REPO 0.78%
BANK OF AMERICA CORP SR UNSEC 0.73%
BNP PARIBAS GLBL SR UNSEC BKNT 0.72%
ANHEUSER-BUSCH INBEV FIN SR UNSEC 0.70%
PACIFIC GAS & ELECTRIC SR UNSEC 0.69%
GOLDMAN SACHS GROUP INC SR UNSEC 0.66%

As of 12/31/2016

Quarterly Trading Characteristics

Average Volume
In Shares 55,081
In $ $5,679,019.41
Bid/Ask Spread
In % 0.17%
In $ $0.17
Fund Tickers
NAV Per Share CORP.NV
Und. Trading Value CORP.IV
Shares Outstanding CORP.SO
Est. Cash CORP.EU
Total Cash CORP.TC