ZROZ

PIMCO 25+ Year Zero Coupon US Treasury Index ETF
C

N/A
*Unless otherwise stated, data provided by FactSet.

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 September 23, 2018 the PIMCO 25+ Year Zero Coupon US Treasury Index ETF MSCI ESG Fund Quality Score is 6.89 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 94th percentile within its peer group and in the 92nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

ZROZ CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/21/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZROZ -4.81% -3.49% -9.04% -5.62% 2.65% 7.74% --
ZROZ (NAV) -4.92% -3.45% -8.83% -5.60% 2.56% 7.65% --
ICE BofAML Long US Treasury Principal STRIPS Index -5.03% -3.47% -8.79% -5.68% 2.89% 7.79% --
Bloomberg Barclays Long U.S. Treasury Index -3.25% -2.07% -5.99% -4.51% 1.59% 4.63% 5.41%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZROZ Top 10 Countries

ZROZ Top 10 Sectors

ZROZ Top 10 Holdings [View All]

ZROZ Summary Data

PIMCO
10/30/09
Open-Ended Fund
0.15%
$154.54M
$1.14M
0.32%

ZROZ Portfolio Data

24.36
24.75 years
2.94%
10/01/18
21

ZROZ Index Data

ICE BofAML Long US Treasury Principal STRIPS Index
Market Value
Market Value
Bloomberg Barclays Long U.S. Treasury Index

ZROZ Portfolio Management

0.15%
-0.03%
1.55%
-0.83%

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
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

ZROZ Factset Analytics Block Liquidity

As of 09/24/18
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

10,221
$1.14M
5,802
$618.68K
0.32%
$0.36
-0.03%
0.41% / -0.51%
None
100.00%
50,000
0.12
0.01%
--
76
$108.80
5

ZROZ Sector/Industry Breakdown


ZROZ
Segment Benchmark
95.07%
0.00%
4.93%
0.00%

ZROZ Top 10 Holdings[View All]

5.41%
5.31%
5.28%
5.21%
5.20%
5.14%
5.13%
5.13%
5.05%
5.02%
51.88%

ZROZ Top 5 Countries


ZROZ
Segment Benchmark
100.00%
100.00%
0.00%
--

ZROZ Top 5 Currencies


ZROZ
Segment Benchmark
100.00%
100.00%

ZROZ Economic Development


ZROZ
Segment Benchmark
100.00%
100.00%
0.00%
0.00%

ZROZ Performance Statistics

0.99
1.57
--
--
--

ZROZ MSCI ESG Ratings

6.89 / 10
94.44
91.54
--
--
--

ZROZ HOLDINGS STATISTICS


ZROZ
Segment Benchmark
24.75 years
25.05 years
24.36
16.97
--
0.06
24.34
15.79
2.94%
2.94%
--
--
High
Medium
21
48
N/A
AAA

ZROZ MATURITY DISTRIBUTION


ZROZ
Segment Benchmark
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
100.00%

ZROZ CREDIT BREAKDOWN


ZROZ
Segment Benchmark
--
100.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%