ZROZ

PIMCO 25+ Year Zero Coupon US Treasury Index ETF
C

62
  • 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's 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.

ZROZ MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of November 21, 2017 the PIMCO 25+ Year Zero Coupon US Treasury Index ETF MSCI ESG Fund Quality Score is 6.86 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ZROZ ranks in the 95th percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

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

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ZROZ Summary Data

PIMCO
10/30/09
Open-Ended Fund
0.15%
$176.12M
$1.51M
0.35%

ZROZ Portfolio Data

26.93
27.34Years
3.07%
12/28/17
21

ZROZ Index Data

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%
-0.28%
1.55%
-1.41%

ZROZ Tax Exposures

20% / 39.6%
--
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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LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

ZROZ Factset Analytics Block Liquidity

As of 11/22/17
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

12,867
$1.51M
8,343
$986.6K
0.35%
$0.41
-0.07%
0.34% / -0.39%
None
100%
50,000
0.17
0.01%
--
155
$120.5
5

ZROZ Performance Statistics

0.97
1.6
1.5
1.64
0.53%

ZROZ MSCI ESG Ratings

6.86 / 10
95.38
90.75
--
--
--

ZROZ Holdings Statistics

ZROZSegment Benchmark
16.69 26.93
2.87% 3.07%
Medium High

ZROZ Maturity Distribution

0.00% 0.02%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
100.00% 95.12%

ZROZ Credit Breakdown

100.00% 99.98%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%