ZROZ

PIMCO 25+ Year Zero Coupon US Treasury Index ETF
CLOSING PRICECHANGE (%)VOLUME
$111.44+0.73 (0.66%)134.18K
3:59:00 p.m. (ET) 03/24/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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Overall Rating

C

57
as of 03/24/17

Rating Details

71
86
57
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

ZROZ Fund Description

The PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund tracks a market-weighted index comprising separate trading of registered interest and principal of Securities (STRIPs), with a remaining maturity of 25 years+.

ZROZ FactSet Analytics Insight

Expect a wild ride here: ZROZ'svolatile results compared with vanilla long-dated Treasurys high-duration play makes it hypersensitive to every twitch in interest rates. It tracks an index of long-term Treasurys with coupon cash flows removed, leaving only the principal repayment at the end. Called STRIPs, these securities are sold at deep discount to face value and make no interest payments until they mature at par. Since STRIPs are zero coupon bonds, they are particularly sensitive to interest-rate risk. As a result, the fund's effective duration is much higher than our benchmark, which in turn produces volatile results compared with vanilla long-dated Treasurys. Frequent traders will face issues here, as modest liquidity and wide spreads make for high trading costs. Large traders may fare better, as liquidity providers can always assemble or disassemble STRIPS as necessary. Holding costs are unpredictable, as ZROZ's moderate fee is marred by poor tracking. Despite the lack of coupons from the underlying zeroes, the fund itself makes quarterly distributions with proceeds from bonds sold at rebalance.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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ZROZ Top 10 Countries

ZROZ Top 10 Sectors

ZROZ Top 10 Holdings

ZROZ Summary Data

10/30/09
Open-Ended Fund
0.15%
$146.43 M
$2.72 M
0.30%

ZROZ Portfolio Data

27.0
27.38 Years
2.68%
04/03/17
21

ZROZ Index Data

BofA Merrill Lynch Long Treasury Principal STRIPS Index
Market Value
Market Value
Bloomberg Barclays Long U.S. Treasury Index

Related ETFs to ZROZ

EDV, TLH, TLO, TLT
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

ZROZ Portfolio Management

0.15%
-0.39%
1.49%
-2.47%

ZROZ Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

ZROZ Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:30111.4782
15:59:30111.47100
15:51:38111.37100
15:51:36111.38100
15:46:39111.44100
15:46:34111.44100
15:36:04111.60100
15:23:09111.53100
15:18:30111.63100
15:10:34111.52100
Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

ZROZ FactSet Analytics Block Liquidity

As of 03/24/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ZROZ. ZROZ is rated a 5 out of 5.

ZROZ Tradability

24,896
$2.72 M
23,391
$2.57 M
0.30%
$0.32
-0.06%
0.82% / -0.53%
None
100.00%
50,000
0.47
0.01%
--
114
$110.71
5

ZROZ Performance Statistics

0.97
1.54
1.49
1.57
0.49%