What is ZROZ?

ZROZ tracks a market-weighted index comprising separate trading of registered interest and principal of Securities (STRIPs), with a remaining maturity of 25 years+.

PERFORMANCE [as of 03/29/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZROZ -- -- -- -- -- -- --
ZROZ (NAV) 2.51% -5.41% 6.57% -31.32% -19.72% -1.25% 1.72%
ICE BofAML Long US Treasury Principal STRIPS Index 2.50% 4.84% 5.52% -27.08% -17.87% -1.99% 1.63%
ICE BofA 15+ Year US Treasury Index 3.06% 3.97% 4.31% -15.74% -11.63% -0.51% 1.43%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZROZ Factset Analytics Insight

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, which in turn produces volatile results compared with vanilla long-dated Treasurys. Despite the lack of coupons from the underlying zeroes, the fund itself makes quarterly distributions with proceeds from bonds sold at rebalance.

ZROZ Summary Data

PIMCO
10/30/09
0.15%
$822.99M
ICE BofAML Long US Treasury Principal STRIPS Index
ICE BofA 15+ Year US Treasury Index
Open-Ended Fund

Peers

ICE BofA 15+ Year US Treasury Index

Fund Flows

+$0.01B 5 Days
+$0.03B 30 Days
+$0.23B 90 Days

ZROZ Portfolio Data

26.56
--
3.92%
N/A
--

ZROZ Index Data

ICE BofAML Long US Treasury Principal STRIPS Index
Market Value
Market Value
ICE BofA 15+ Year US Treasury Index

ZROZ Portfolio Management

0.15%
0.00%
1.57%
-1.78%

ZROZ Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

ZROZ Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/30/23

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

ZROZ Tradability

195,168
$18.25M
145,098
$13.46M
0.13%
$0.12
0.02%
0.31% / -0.41%
None
100.00%
50,000
4.31
0.01%
--
3,410
$92.98
N/A

ZROZ Sector/Industry Breakdown

ZROZ Segment
Benchmark
85.99% --
5.20% --
4.95% --
3.87% --

ZROZ Top 10 Holdings

5.97%
5.74%
5.71%
5.32%
5.30%
5.27%
5.25%
5.23%
5.20%
5.18%
54.16%

ZROZ Performance Statistics

0.97
1.60
--
--
--

ZROZ Top 5 Countries

ZROZ Segment
Benchmark
100.00% --

ZROZ Top 5 Currencies

ZROZ Segment
Benchmark
100.00% --

ZROZ Avg Life Maturity Distribution

0.02%
--
--
--
--
--
--
--
99.98%

ZROZ OAS Breakdown

100.00%
--
--
--
--
--
--
--
--
--
--

ZROZ Holdings Statistics

27.06 years
26.56
3.92%
26.19
--
--
0.00%