CORP - PIMCO Investment Grade Corporate Bond Index ETF
| Assets | $790.88M |
| NAV | $112.50 |
| Expense Ratio | 0.20% |
| PE Ratio | n/a |
| Beta (5Y) | 0.19 |
| Dividend (ttm) | $3.25 |
| Dividend Yield | 2.89% |
| Ex-Dividend Date | Apr 1, 2021 |
| 1-Year Return | - |
| Trading Day | April 19 |
| Last Price | $112.33 |
| Previous Close | $112.29 |
| Change ($) | 0.04 |
| Change (%) | 0.04% |
| Day's Open | 112.28 |
| Day's Range | 112.13 - 112.54 |
| Day's Volume | 71,286 |
| 52-Week Range | 105.29 - 116.66 |
Fund Description
The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the ICE BofA US Corporate Index. 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.
| Asset Class Fixed Income | Sector Bonds |
| Region Global | Inception Date Sep 20, 2010 |
| Exchange NYSEARCA | Ticker Symbol CORP |
| Index Tracked BofA Merrill Lynch US Corporate Index | |
Top 10 Holdings
11.77% of assets| Name | Symbol | Weight |
|---|---|---|
| U S Treasury Repo | FN.TO | 2.44% |
| US Treasury Bond Future June 21 | FN.TO | 1.71% |
| Ultra US Treasury Bond Future June 21 | FN.TO | 1.55% |
| United States Treasury Bills 0% | B 0 09/23/21 | 1.12% |
| GE Capital International Funding Company Unlimited Company 4.42% | GE 4.418 11/15/35 | 1.02% |
| Offset: Cash | FN.TO | 0.97% |
| Barclays PLC 4.38% | n/a | 0.78% |
| MUFG Union Bank N.A. 2.1% | n/a | 0.75% |
| Aker Bp Asa 3% | n/a | 0.73% |
| Discovery Communications, LLC 3.62% | n/a | 0.69% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.23 | Apr 7, 2021 |
| Mar 1, 2021 | $0.244 | Mar 4, 2021 |
| Feb 1, 2021 | $0.246 | Feb 4, 2021 |
| Dec 30, 2020 | $0.27 | Jan 5, 2021 |
| Nov 2, 2020 | $0.27 | Nov 5, 2020 |
| Oct 1, 2020 | $0.253 | Oct 6, 2020 |
As widely expected, the Fed held interest rates steady at near-zero level in its latest meeting and maintained bond buying. However, the Fed beefed up growth projections for the U.S. economy.
As widely expected, the Fed held interest rates steady at near-zero level in its latest meeting.
The PIMCO Investment Grade Corporate Bond Index ETF has hit a fresh 52-week high. Are more gains in store?
Since the Fed has started buying highly rated corporate bond ETFs, investors can expect a short-term bounce in those assets.
U.S. stimulus package, along with the Fed's fiscal measures, has relaxed investor concerns regarding the liquidity and corporate defaults and is attracting more investments.
The Fed is buying investment-grade corporate bond ETFs, which might lead to a rally in the space.