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PCPI

GradeDNASDAQ Global Market

PIMCO Inflation PLUS Active Exchange-Traded Fund

Specialty Bonds · PIMCO · Inception 2026-03-31

$50.09+0.05 (+0.10%)

As of Sep 23, 2026, 1:41 PM EDT

History starts Apr 6, 2026.History starts Apr 6, 2026.History starts Apr 6, 2026.
Intraday session: up, 8 prints from 50.04 to 50.09. Range 50.02 to 50.09. Use the arrow keys to read each point.$50.02$50.04$50.06$50.0810 AM12 PM2 PM4 PM
Expense ratio
0.33%
Fund size
$102M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$50.01
52W range
low $49.61high $55.58

The ETF.net PCPI Grade

D

36/ 100

Rank 32 of 41 in TIPS⁠

Confidence Medium

Six-pillar profile for PCPI. Scores out of 100: Cost 3, Risk 94, Mission not scored, Tradability 37, Holdings 49, Durability 44. Strongest: Risk (94). Weakest: Cost (3). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 3
    Category rank40/41 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 94
    Category rank2/41 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank29/41 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank27/41 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 44
    Category rank27/41 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PCPI

ETF.net Research

DMost inflation funds play defense. PCPI goes the other way: an actively run PIMCO bond portfolio built to seek capital appreciation when inflation is elevated and rising, priced under the typical bond ETF in its group.

Stated mandate

The fund seeks an inflation-adjusted real return through prudent management. It normally invests at least 80% of net assets in inflation-indexed bonds issued by U.S. and non-U.S. governments, agencies, instrumentalities, and corporations, complemented by inflation-related derivatives and other transactions.

Why people hold it

  1. 01Costs 0.33% a year, below the 0.40% median for its bond-ETF cohort. Active management without the usual active price tag.
  2. 02The mandate is offense, not just shelter: it seeks capital appreciation in elevated and rising inflationary environments rather than simply keeping pace with prices.
  3. 03Actively managed by PIMCO across global fixed income, so positioning can shift with conditions instead of being pinned to one index.
  4. 04Sits in the upper quartile of the bond ETFs we grade, in company with the likes of BGRN and EMLC.

Worth knowing

  1. 01Launched in 2026, so there is only a short track record to judge, and our read on its risk profile rests on limited history.
  2. 02A smaller fund that trades lightly. Spreads can be wider than on the giants of the category, which makes limit orders worth the extra click.
  3. 03Distributions come once or twice a year, not monthly, so income arrives in lumps.

PCPI Holdings

As of Sep 20, 2026, 6:44 AM
Asset class
Bonds
Holdings
—
Top-10 weight
105%
Largest holding
TSY INFL IX N/B 01/27 0.375 0.38% 01/15/202734.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TSY INFL IX N/B 01/27 0.375 0.38% 01/15/202734.87%399,526$40M10
002—TSY INFL IX N/B 07/27 0.375 0.38% 07/15/202732.35%374,027$37M8
003—TSY INFL IX N/B 04/27 0.125 0.13% 04/15/202722.71%262,549$26M12
004—TSY INFL IX N/B 01/27 2.375 2.38% 01/15/202713.53%154,002$15M6
005—SSC GOVERNMENT MM GVMXX 3.63% 12/31/20300.56%6,376$638K89
006—CCGSCHUS9 CCPC ST USD CCPC CASH COLLATERAL USD 3.23% 12/31/20300.30%3,370$337K2
007—NET OTHER ASSETS0.15%0$168K134
008—RFR USD SOFR/3.87000 05/21/26-1Y* LCH 07/15/20270.08%212,495$91K1
009—RFR USD SOFR/3.69850 04/02/26-1Y* LCH 04/15/20270.05%170,796$58K1
010—RFR USD SOFR/3.69450 04/02/26-1Y* LCH 01/15/20270.03%197,854$30K1
011—TRS R SOFRRATE+11/912828V49 BPS0.01%58,540$14K1

Showing 1–11 of 11 holdings

PCPI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PCPI$10,091
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PCPI $10,091. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PCPI. Periods over one year show the average yearly return.
PeriodPCPI
Year to dateFund launched this year—
1 month+0.3%
3 months+0.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PCPI
YearReturn barPCPI
2026 YTD+1.9%

History from Apr 6, 2026

PCPI in the news

ETF.net Research hasn’t filed on PCPI yet — coverage lands here as it’s written.

PCPI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Jun 1, 2026 $0.22; Jul 1, 2026 $0.38; Aug 3, 2026 $0.32. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 3, 2026Aug 5, 2026$0.32
Jul 1, 2026Jul 6, 2026$0.38
Jun 1, 2026Jun 3, 2026$0.22

PCPI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PCPI Cost

Expense ratio0.33%
  • The middle half of TIPS funds
  • Median 0.10%

39 of the 41 TIPS funds charge less.

PCPI costs $33.00 a year on $10,000. The median TIPS fund costs $10.00.