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Name

As of 11/22/2024

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 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

ZROZ | ETF

$72.82

$1.25 B

4.17%

$3.04

0.15%

Vitals

YTD Return

-12.1%

1 yr return

2.5%

3 Yr Avg Return

-19.1%

5 Yr Avg Return

-10.0%

Net Assets

$1.25 B

Holdings in Top 10

54.1%

52 WEEK LOW AND HIGH

$72.6
$69.84
$87.83

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

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 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

ZROZ | ETF

$72.82

$1.25 B

4.17%

$3.04

0.15%

ZROZ - Profile

Distributions

  • YTD Total Return -12.1%
  • 3 Yr Annualized Total Return -19.1%
  • 5 Yr Annualized Total Return -10.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Nov 04, 2009
  • Shares Outstanding
    3870000
  • 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 Long US Treasury Principal STRIPS 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 average portfolio duration of this Fund will closely correspond to the portfolio duration of the securities comprising its Underlying Index, as calculated by PIMCO, which as of September 30, 2024 was 27.49 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.The Underlying Index is an unmanaged index comprised of long maturity Separate Trading of Registered Interest and Principal of Securities (“STRIPS”) representing the final principal payment of U.S. Treasury bonds. The principal STRIPS comprising the Underlying Index must have 25 years or more remaining term to final maturity and must be stripped from U.S. Treasury bonds having at least $1 billion in outstanding face value. As of September 30, 2024 there were 20 issues in the Underlying Index. Index constituents are capitalization-weighted based on the security prices times an assumed face value of $1 billion per constituent security. The Underlying Index is rebalanced quarterly on March 31, June 30, September 30 and December 31, based on information available up to and including the third business day before the last business day of the rebalancing month. Securities that no longer meet the qualifying criteria during the course of the quarter remain in the Underlying Index until the next quarterly rebalancing date at which point they are dropped 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 interest rates.
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ZROZ - Performance

Return Ranking - Trailing

Period ZROZ Return Category Return Low Category Return High Rank in Category (%)
YTD -12.1% -12.1% 0.0% 100.00%
1 Yr 2.5% 0.4% 6.9% 90.63%
3 Yr -19.1%* -18.5% -3.7% 100.00%
5 Yr -10.0%* -10.0% -1.5% 100.00%
10 Yr -1.5%* -1.5% 0.8% 100.00%

* Annualized

Return Ranking - Calendar

Period ZROZ Return Category Return Low Category Return High Rank in Category (%)
2023 -2.3% -2.9% 2.7% 96.88%
2022 -42.7% -42.8% -16.7% 96.88%
2021 -6.8% -25.7% -4.1% 46.88%
2020 22.6% -7.9% 22.6% 3.33%
2019 18.5% 3.3% 18.5% 3.70%

Total Return Ranking - Trailing

Period ZROZ Return Category Return Low Category Return High Rank in Category (%)
YTD -12.1% -12.1% 0.0% 100.00%
1 Yr 2.5% 0.4% 6.9% 90.63%
3 Yr -19.1%* -18.5% -3.7% 100.00%
5 Yr -10.0%* -10.0% -1.5% 100.00%
10 Yr -1.5%* -1.5% 0.8% 100.00%

* Annualized

Total Return Ranking - Calendar

Period ZROZ Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% 0.9% 4.9% 96.88%
2022 -41.3% -41.3% -15.2% 100.00%
2021 -5.2% -6.5% -1.9% 84.38%
2020 24.6% 10.0% 25.0% 10.00%
2019 21.2% 8.0% 21.2% 3.70%

ZROZ - Holdings

Concentration Analysis

ZROZ Category Low Category High ZROZ % Rank
Net Assets 1.25 B 25.2 M 47.7 B 59.38%
Number of Holdings 22 4 392 90.63%
Net Assets in Top 10 745 M 25.2 M 30.6 B 71.88%
Weighting of Top 10 54.07% 16.3% 116.3% 35.48%

Top 10 Holdings

  1. STRIP PRINC 05/53 0.00000 5.79%
  2. STRIP PRINC 08/53 0.00000 5.78%
  3. STRIP PRINC 02/53 0.00000 5.46%
  4. STRIP PRINC 08/52 0.00000 5.41%
  5. STRIP PRINC 11/52 0.00000 5.39%
  6. STRIP PRINC 11/49 0.00000 5.33%
  7. STRIP PRINC 08/49 0.00000 5.32%
  8. STRIP PRINC 05/50 0.00000 5.29%
  9. STRIP PRINC 02/51 0.00000 5.22%
  10. STRIP PRINC 02/50 0.00000 5.06%

Asset Allocation

Weighting Return Low Return High ZROZ % Rank
Bonds 		99.95% 92.34% 239.37% 34.38%
Other 		0.06% -146.78% 0.27% 12.50%
Stocks 		0.00% 0.00% 0.08% 81.25%
Preferred Stocks 		0.00% 0.00% 0.00% 81.25%
Convertible Bonds 		0.00% 0.00% 0.00% 81.25%
Cash 		0.00% 0.00% 7.41% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High ZROZ % Rank
Government 		99.96% 25.53% 99.97% 12.50%
Derivative 		0.00% -0.35% 0.27% 68.75%
Cash & Equivalents 		0.00% 0.00% 6.69% 100.00%
Securitized 		0.00% 0.00% 42.48% 84.38%
Corporate 		0.00% 0.00% 0.48% 81.25%
Municipal 		0.00% 0.00% 0.01% 81.25%

Bond Geographic Breakdown

Weighting Return Low Return High ZROZ % Rank
US 		99.95% 92.34% 237.56% 34.38%
Non US 		0.00% 0.00% 1.81% 81.25%

ZROZ - Expenses

Operational Fees

ZROZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 6.30% 51.61%
Management Fee 0.15% 0.00% 0.65% 61.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.35% N/A

Sales Fees

ZROZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 3.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

ZROZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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.

ZROZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 6.00% 114.00% 36.67%

ZROZ - Distributions

Dividend Yield Analysis

ZROZ Category Low Category High ZROZ % Rank
Dividend Yield 4.17% 0.00% 4.46% 18.75%

Dividend Distribution Analysis

ZROZ Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

ZROZ Category Low Category High ZROZ % Rank
Net Income Ratio 1.59% 0.74% 2.87% 80.65%

Capital Gain Distribution Analysis

ZROZ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

ZROZ - 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.

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.

Tim Crowley

Start Date

Tenure

Tenure Rank

Jun 07, 2021

0.98

1.0%

Senior Vice President, PIMCO. Mr. Crowley previously was a portfolio associate focusing on interest rate derivatives and volatility and an analyst in PIMCO’s trade compliance group. He joined PIMCO in 2008. He has investment experience since 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.41 25.85 8.04 14.84

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