Key stats
About PIMCO 25 Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
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Inception date
Oct 30, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Pacific Investment Management Co. LLC
Distributor
PIMCO Investments LLC
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.99%
Cash0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZROZ last dividends amounted to 0.78 USD. The quarter before, the issuer paid 0.84 USD in dividends, which shows a 7.69% decrease.
ZROZ assets under management is 1.53 B USD. It's risen 3.19% over the last month.
ZROZ fund flows account for 382.82 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZROZ pays dividends to its holders with the dividend yield of 4.88%. The last dividend (Apr 3, 2025) amounted to 0.78 USD. The dividends are paid quarterly.
ZROZ shares are issued by Allianz SE under the brand PIMCO. The ETF was launched on Oct 30, 2009, and its management style is Passive.
ZROZ expense ratio is 0.15% meaning you'd have to pay 0.15% of your investment to help manage the fund.
ZROZ follows the ICE BofA Long US Treasury Principal STRIPS. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZROZ invests in bonds.
ZROZ price has fallen by −6.60% over the last month, and its yearly performance shows a −10.48% decrease. See more dynamics on ZROZ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.32% over the last month, showed a −11.79% decrease in three-month performance and has decreased by −5.40% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.32% over the last month, showed a −11.79% decrease in three-month performance and has decreased by −5.40% in a year.
ZROZ trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.