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

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

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Key stats

Assets under management (AUM)
‪1.23 B‬USD
Fund flows (1Y)
‪576.75 M‬USD
Dividend yield (indicated)
4.32%
Discount/Premium to NAV
0.6%

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

Issuer
Allianz SE
Brand
PIMCO
Expense ratio
0.15%
Home page
Inception date
Oct 30, 2009
Index tracked
ICE BofA Long US Treasury Principal STRIPS
Management style
Passive
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.

Classification

Asset Class
Fixed income
Category
Government, treasury
Focus
Investment grade
Niche
Long-term
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of April 25, 2024
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government91.58%
Miscellaneous8.32%
Cash0.10%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows