ZROZ ETF Report: Ratings, Analysis, Quotes, Holdings

Popular ZROZ Comparisons: ZROZ vs SPTL, ZROZ vs TLH, ZROZ vs TLT, ZROZ vs EDV, ZROZ vs GOVZ

Related ETF Channels: U.S., Long-Term, Investment Grade Bonds, Vanilla, Treasury, Bond, North America, Fixed Income

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*Unless otherwise stated, data provided by FactSet.

ZROZ Fund Description

ZROZ 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

PIMCO 25+ Year Zero Coupon US Treasury Index ETF has an MSCI ESG Fund Rating of A based on a score of 6.58 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. PIMCO 25+ Year Zero Coupon US Treasury Index ETF ranks in the 72nd percentile within its peer group and in the 91st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

ZROZ Charts And Performance

Price Chart ($)

Total Return Chart (%)

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PERFORMANCE [as of 01/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

ZROZ -3.61% -5.36% -5.04% 14.89% 12.78% 8.04% 12.04%

ZROZ (NAV) -4.94% -5.97% -5.77% 12.31% 12.50% 8.26% 11.80%

ICE BofAML Long US Treasury Principal STRIPS Index -4.87% -5.91% -6.17% 12.28% 12.47% 8.39% 11.94%

Bloomberg Barclays Long U.S. Treasury Index -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZROZ Summary Data

PIMCO

10/30/09

Open-Ended Fund

0.15%

$368.58M

$7.37M

0.32%

SPTL, TLH, TLT, EDV, GOVZ

Fund Home Page

ZROZ Portfolio Data

25.19

1.52%

N/A

ZROZ Index Data

ICE BofAML Long US Treasury Principal STRIPS Index

Market Value

Bloomberg Barclays Long U.S. Treasury Index

ZROZ Portfolio Management

0.15%

-0.24%

2.46%

Max. Downside Tracking Difference (12 Mo) -8.13%

ZROZ Tax Exposures

20.00% / 39.60%

Ordinary income

ZROZ Fund Structure

Open-Ended Fund

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

ZROZ Factset Analytics Block Liquidity

As of 01/22/21

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

46,139

$7.37M

38,647

$6.00M

0.32%

$0.53

-0.11%

1.20% / -2.66%

None

100.00%

50,000

0.77

0.01%

306

$153.96

N/A

ZROZ Top 10 Holdings[View All]

Total Top 10 Weighting 0.00%

ZROZ Performance Statistics

0.98

1.52

ZROZ MSCI ESG Ratings

6.58 / 10

90.63

72.24

ZROZ Holdings Statistics

25.37 years

Effective Duration 25.19

1.52%

Credit Spread Duration 24.83

Concentration High

Number of Holdings 21

Option Adjusted Spread 0.03%

ZROZ Avg Life Maturity Distribution

0 - 1 years 5.83%

1 - 2 years --

2 - 3 years --

3 - 5 years --

5 - 7 years --

7 - 10 years --

10 - 15 years --

15 - 20 years --

> 20 years 94.17%

ZROZ OAS Breakdown

0 - 100 bps 100.00%

100 - 200 bps --

200 - 300 bps --

300 - 400 bps --

400 - 500 bps --

500 - 600 bps --

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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Data provider:
Terms of Use

MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

ZROZ