PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is an exchange-traded fund that seeks to track the performance of the ICE BofA US Corporate Index by investing primarily in a diversified portfolio of U.S. dollar-denominated investment grade corporate bonds with at least one year remaining to final maturity; it employs a representative sampling technique to replicate the index's price and yield characteristics across various maturities and sectors within the U.S. fixed income market. The fund operates within the investment grade corporate bond segment, targeting institutional and retail investors seeking exposure to high-quality U.S. corporate debt for income generation and total return; it maintains a focus on bonds issued by corporations across industries such as finance, industrials, and utilities. Launched on September 20, 2010, CORP is part of the PIMCO ETF Trust, domiciled in the United States with principal operations aligned to Pacific Investment Management Company LLC's headquarters at 650 Newport Center Drive, Newport Beach, California.
In recent developments, PIMCO, the fund's manager, announced a strategic partnership with OnCorps AI in April 2025 to enhance middle and back office functions through production AI solutions, including investments in industry-wide technology refined from PIMCO's feedback. Additionally, in July 2025, PIMCO participated in a strategic alliance with KKR and Harley-Davidson Financial Services, acquiring a 4.9% equity interest in HDFS to support asset-based finance initiatives and unlock approximately $1.25 billion in capital for reinvestment. PIMCO further expanded its ETF offerings in December 2025 with the launch of two active fixed income UCITS ETFs targeting global and euro-denominated government bonds, complementing its broader lineup that includes CORP among 23 U.S.-listed ETFs managing over $42 billion in assets.