This ETF is designed to offer exposure to the investment grade corporate bond market across all maturities. As such, CORP can potentially be a nice complement to broad-based bond funds such as AGG or BND, which generally make significant allocations to Treasuries. Investors seeking more finely-tuned fixed income exposure have more options available that further target specific maturities, such as VCSH or VCLT. CORP can be an effective way to increase the current return to a fixed income portfolio, and can be a stop along the risk/return spectrum for those looking to pull out of equities but not willing to go all the way to low-risk Treasuries. Like most PIMCO ETFs, CORP is efficient from a cost perspective and very well managed. Other options offering similar exposure include LQD, which has considerably more assets and a higher average daily trading volume.