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Launched

PIMCO Inflation PLUS Active Exchange-Traded Fund

PCPINasdaqD

$50.23−0.06 (−0.11%)

At close: Oct 13, 2026, 4:00 PM

D37/ 100

Rank 33 of 41 in TIPS

D37/100Rank 33 of 41inTIPS
Intraday session: down, 12 prints from 50.28 to 50.23. Range 50.20 to 50.26. Use the arrow keys to read each point.50.2050.2450.2610 AM12 PM2 PM4 PM
Expense ratio
0.33%
Fund size
$115M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
16
Avg volume · 30D
0M sh
NAV per share
$50.31
52W range
low $49.61high $55.58
Launched

The ETF.net PCPI Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
TIPS⁠
Rank
33 of 41
Six-pillar profile for PCPI. Scores out of 100: Cost 5, Risk 94, Mission not scored, Tradability 39, Holdings 44, Durability 44. Strongest: Risk (94). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F5 out of 100
    Rank 39 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A94 out of 100
    Rank 2 of 41

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 31 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 27 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C44 out of 100
    Rank 27 of 41

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 Oct 13, 2026
Asset class
Bonds
Holdings
16
Top-10 weight
118%
Largest holding
Tsy Infl Ix N/B 01/27 0.375 0.38% 01/15/202735.4%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Tsy Infl Ix N/B 01/27 0.375 0.38% 01/15/202735.40%449,753$45M9
002—Tsy Infl Ix N/B 07/27 0.375 0.38% 07/15/202733.53%429,099$43M8
003—Tsy Infl Ix N/B 04/27 0.125 0.13% 04/15/202724.97%319,675$32M11
004—Tsy Infl Ix N/B 01/27 2.375 2.38% 01/15/202713.51%170,735$17M4
005—Net Other Assets9.00%0$11M141
006—Ssc Government Mm Gvmxx 3.80% 12/31/20300.41%5,217$522K89
007—CCGSCHUS9 Ccpc St USD Ccpc Cash Collateral USD 3.48% 12/31/20300.37%4,700$470K2
008—Tsy Infl Ix N/B 10/27 1.625 1.63% 10/15/20270.35%4,514$449K9
009—Rfr USD SOFR/3.87000 05/21/26-1Y* Lch 07/15/20270.05%168,935$64K1
010—Trs R SOFRRATE+11/91282CEJ6 Sog0.04%152,253$46K1
011—Rfr USD SOFR/3.69850 04/02/26-1Y* Lch 04/15/20270.03%129,264$37K1
012—Trs R SOFRRATE+11/91282CFR7 Sog0.02%278,220$22K1
013—Trs R SOFRRATE+11/9128282L3 Bps0.01%126,055$18K1
014—Rfr USD SOFR/3.69450 04/02/26-1Y* Lch 01/15/20270.01%149,597$16K1
015—Trs R SOFRRATE+11/91282CEJ6 Bps<0.01%85,434$12K1

Showing 1–15 of 16 holdings

PCPI Performance

Launched Mar 31, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PCPI$10,115
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PCPI $10,115. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+1.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+2.3%

History from Apr 6, 2026

PCPI in the news

Filtered to PCPI · TIPS

PCPI Dividends

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%

38 of the 41 TIPS funds charge less.

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

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