LONZPIMCO Senior Loan Active Exchange-Traded Fund
LONZ Fund Description
LONZ seeks current income through the active management of US dollar-denominated senior floating rate bank loans that are rated below investment grade.
LONZ Factset Analytics Insight
LONZ actively and primarily invests in a portfolio of high-yield, US dollar-denominated senior floating rate bank loans, issued by US or foreign companies. The adviser selects debt securities it believes are undervalued compared to the rest of the market by developing an outlook for interest rates, currency exchange rates and the economy, and analyzing credit and call risks while utilizing other security selection techniques. Although the fund does not follow a specific maturity range, it has an expected average portfolio duration of more or less one year than that of its benchmark index, of which is at the discretion of the manager. In seeking current income, the fund may also hold derivatives such as futures and options contracts, total return swap agreements, as well as interest rate swaps. It may also invest up to 20% of its total assets in foreign currency—denominated debt securities. Note, senior loans have priority over other debt obligations in case of default.
LONZ Summary Data
LONZ Portfolio Data
LONZ Index Data
LONZ Portfolio Management
LONZ Tax Exposures
LONZ Fund Structure
LONZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LONZ. LONZ is rated a N/A out of 5.
LONZ Sector/Industry Breakdown
LONZ Top 10 Holdings[View All]
LONZ Performance Statistics
LONZ Holdings Statistics
LONZ Avg Life Maturity Distribution
LONZ OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.