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Name

As of 11/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

LTPZ | ETF

$53.87

$742 M

1.78%

$0.96

0.20%

Vitals

YTD Return

-1.9%

1 yr return

5.1%

3 Yr Avg Return

-12.4%

5 Yr Avg Return

-2.2%

Net Assets

$742 M

Holdings in Top 10

90.1%

52 WEEK LOW AND HIGH

$53.7
$52.22
$58.71

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

LTPZ | ETF

$53.87

$742 M

1.78%

$0.96

0.20%

LTPZ - Profile

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return -12.4%
  • 5 Yr Annualized Total Return -2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.46%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Sep 08, 2009
  • Shares Outstanding
    9120000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Dorsten

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (“Component Securities”) of ICE BofA 15+ Year US Inflation-Linked Treasury Index (the “Underlying Index”). The Fund may invest the remainder of its assets in Fixed Income Instruments that are not Component Securities, but which Pacific Investment Management Company LLC (“PIMCO”) believes will help the Fund track its Underlying Index, as well as in cash and investment grade, liquid short-term instruments, forwards or derivatives, such as options, futures contracts or swap agreements, and shares of affiliated bond funds. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The dollar-weighted average portfolio maturity of this Fund will closely correspond to the average maturity of its Underlying Index, which as of September 30, 2024 was 21.40 years.The Underlying Index is an unmanaged index comprised of Treasury Inflation-Protected Securities (“TIPS”) with a maturity of at least 15 years. TIPS are publicly issued, dollar denominated U.S. Government securities issued by the U.S. Treasury that have principal and interest payments linked to official inflation (as measured by the Consumer Price Index, or CPI). Their payments are supported by the full faith and credit of the United States. The TIPS in the Underlying Index have a minimum $1 billion of outstanding face value, have at least 15 years remaining to maturity and have interest and principal payments tied to inflation. Original issue zero coupon bonds can be included in the Underlying Index and the amounts outstanding of qualifying coupon securities are not reduced by any portions that have been stripped. As of September 30, 2024, there were 15 TIPS issues in the Underlying Index. The Underlying Index is capitalization-weighted and the composition of TIPS is updated monthly. Intra-month cash flows are reinvested daily, at the beginning-of-month 1-month LIBID rate, until the end of the month at which point all cash is removed from the Underlying Index. It is not possible to invest directly in the Underlying Index. The Underlying Index does not reflect deductions for fees, expenses or taxes.PIMCO uses an indexing approach in managing the Fund’s investments. The Fund employs a representative sampling strategy in seeking to achieve its investment objective. In using this strategy, PIMCO seeks to invest in a combination of Component Securities and other instruments, or in Component Securities but in different proportions as compared to the weighting of the Underlying Index, such that the portfolio effectively provides exposure to the Underlying Index. In using a representative sampling strategy, the Fund may not track its Underlying Index with the same degree of accuracy as a fund that replicates the composition and weighting of the Underlying Index. Unlike many investment companies, the Fund does not attempt to outperform the index the Fund tracks. An indexing approach may eliminate the chance that the Fund will substantially outperform its Underlying Index but also may reduce some of the risks of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs). The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in real interest rates and in the case of inflation-linked bonds, increased inflation.
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LTPZ - Performance

Return Ranking - Trailing

Period LTPZ Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -10.6% 9.4% 98.03%
1 Yr 5.1% -10.3% 14.4% 84.73%
3 Yr -12.4%* -16.9% 3.9% 97.47%
5 Yr -2.2%* -7.2% 5.0% 96.86%
10 Yr 1.2%* -2.4% 3.4% 85.61%

* Annualized

Return Ranking - Calendar

Period LTPZ Return Category Return Low Category Return High Rank in Category (%)
2023 -2.7% -8.7% 5.1% 96.02%
2022 -36.2% -52.3% -4.0% 97.98%
2021 3.1% -7.9% 7.7% 11.86%
2020 23.0% -29.4% 23.0% 0.52%
2019 15.5% 0.8% 16.7% 1.05%

Total Return Ranking - Trailing

Period LTPZ Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -10.6% 9.4% 98.03%
1 Yr 5.1% -10.3% 14.4% 84.73%
3 Yr -12.4%* -16.9% 3.9% 97.47%
5 Yr -2.2%* -7.2% 5.0% 96.86%
10 Yr 1.2%* -2.4% 3.4% 85.61%

* Annualized

Total Return Ranking - Calendar

Period LTPZ Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -5.2% 9.5% 93.03%
2022 -31.7% -40.1% 9.2% 97.98%
2021 7.0% -2.7% 37.6% 12.37%
2020 24.9% -0.5% 27.5% 2.09%
2019 17.5% 2.8% 19.3% 1.05%

LTPZ - Holdings

Concentration Analysis

LTPZ Category Low Category High LTPZ % Rank
Net Assets 742 M 968 K 51.8 B 52.22%
Number of Holdings 16 2 1463 97.04%
Net Assets in Top 10 644 M 891 K 24.2 B 43.84%
Weighting of Top 10 90.12% 9.4% 100.0% 7.92%

Top 10 Holdings

  1. TSY INFL IX N/B 02/44 1.375 12.44%
  2. TSY INFL IX N/B 02/45 0.75 10.49%
  3. TSY INFL IX N/B 02/43 0.625 10.08%
  4. TSY INFL IX N/B 02/42 0.75 9.89%
  5. TSY INFL IX N/B 02/46 1 9.74%
  6. TSY INFL IX N/B 02/47 0.875 9.28%
  7. TSY INFL IX N/B 02/41 2.125 8.92%
  8. TSY INFL IX N/B 02/48 1 8.89%
  9. TSY INFL IX N/B 02/49 1 5.98%
  10. TSY INFL IX N/B 02/50 0.25 4.41%

Asset Allocation

Weighting Return Low Return High LTPZ % Rank
Bonds 		99.44% 0.00% 198.42% 32.51%
Cash 		0.44% -42.00% 15.77% 60.10%
Other 		0.12% -58.58% 68.12% 64.53%
Stocks 		0.00% 0.00% 100.03% 67.00%
Preferred Stocks 		0.00% 0.00% 0.78% 70.94%
Convertible Bonds 		0.00% 0.00% 3.96% 74.38%

Bond Sector Breakdown

Weighting Return Low Return High LTPZ % Rank
Government 		99.67% 6.70% 112.97% 9.36%
Derivative 		0.00% -26.67% 16.13% 78.33%
Cash & Equivalents 		0.00% 0.00% 11.92% 93.10%
Securitized 		0.00% 0.00% 58.03% 90.15%
Corporate 		0.00% 0.00% 50.64% 87.19%
Municipal 		0.00% 0.00% 1.28% 73.89%

Bond Geographic Breakdown

Weighting Return Low Return High LTPZ % Rank
US 		99.44% 0.00% 174.44% 28.57%
Non US 		0.00% 0.00% 42.19% 79.80%

LTPZ - Expenses

Operational Fees

LTPZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.03% 22.29% 87.06%
Management Fee 0.20% 0.00% 0.99% 20.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

LTPZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LTPZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LTPZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 246.00% 1.55%

LTPZ - Distributions

Dividend Yield Analysis

LTPZ Category Low Category High LTPZ % Rank
Dividend Yield 1.78% 0.00% 14.25% 21.18%

Dividend Distribution Analysis

LTPZ Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

LTPZ Category Low Category High LTPZ % Rank
Net Income Ratio 2.46% -0.06% 6.71% 80.00%

Capital Gain Distribution Analysis

LTPZ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

LTPZ - Fund Manager Analysis

Managers

Matthew Dorsten

Start Date

Tenure

Tenure Rank

Dec 22, 2015

6.44

6.4%

Mr. Dorsten is an executive vice president in the Newport Beach office and a portfolio manager in the quantitative strategies group. He is the lead portfolio manager for managed futures in addition to having portfolio management responsibilities in multi-asset alternative risk premia and beta replication strategies. He was previously a member of the financial engineering group working on mortgage-backed securities and event-linked bonds. Prior to joining PIMCO in 2006, he received his Ph.D. in theoretical particle physics from the California Institute of Technology, where he was a National Science Foundation Graduate Research Fellow. He holds undergraduate degrees in mathematics and physics from Ohio State University.

Daniel He

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Mr. He is a Senior Vice President and portfolio manager. Mr. He is a member of the liquid products group specializing in real return and mortgage-backed securities. Prior to joining PIMCO in 2011, he structured and traded derivative strategies for a global macro hedge fund. He previously developed trading strategies at a hedge fund that focused on foreign exchange volatility. Mr. He has investment experience since 2005 and holds an MBA from the University of Chicago Booth School of Business. He also holds a master’s degree in financial engineering and an undergraduate degree in computer science from the National University of Singapore.

Tanuj Dora

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Mr. Dora joined DWS in 2010. Mr. Dora is a Vice President with Deutsche Asset Management and has served as a Portfolio Manager in the Passive Asset Management business since 2016. Prior to his current role, Mr. Dora was responsible for trading and market making of European fixed income ETFs, structured funds, index swaps and options within the Fixed Income Derivatives Group in Corporate Banking & Securities, based out of London. Mr. Dora has a BTech and MTech (dual degree) in Industrial Engineering & Management from the Indian Institute of Technology Kharagpur.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1

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