PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund (ZROZ)
| Assets | $1.76B |
| Expense Ratio | 0.15% |
| PE Ratio | n/a |
| Shares Out | 25.07M |
| Dividend (ttm) | $3.15 |
| Dividend Yield | 4.50% |
| Ex-Dividend Date | Oct 1, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | n/a |
| Volume | 440,664 |
| Open | 70.76 |
| Previous Close | 70.99 |
| Day's Range | 69.82 - 70.80 |
| 52-Week Low | 61.00 |
| 52-Week High | 79.14 |
| Beta | 0.76 |
| Holdings | 22 |
| Inception Date | Oct 30, 2009 |
About ZROZ
Fund Home PageThe PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund (ZROZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index comprising separate trading of registered interest and principal of Securities (STRIPs), with a remaining maturity of 25 years+. ZROZ was launched on Oct 30, 2009 and is issued by PIMCO.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 1, 2025 | $0.740 | Oct 3, 2025 |
| Jul 1, 2025 | $0.790 | Jul 3, 2025 |
| Apr 1, 2025 | $0.780 | Apr 3, 2025 |
| Dec 31, 2024 | $0.840 | Jan 3, 2025 |
| Oct 1, 2024 | $0.760 | Oct 3, 2024 |
| Jul 1, 2024 | $0.770 | Jul 3, 2024 |
Performance
ZROZ had a total return of -0.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.80%.
News
Bond ETF Investors On Alert During Fed Shake-Up, Rising Yields
Long-term U.S. treasuries were pushed lower Tuesday as the ouster of Federal Reserve Gov. Lisa Cook by President Donald Trump fueled uncertainty regarding the independence of the central bank and mone...
ZROZ: Deflationary Bust Needed To Save Bonds
Bond supply is surging and will likely rise further in a recession, increasing market pressure. On our last coverage, we suggested that locking in 30-year rates near 4.2% seems risky given the supply ...
ZROZ: A Real Conviction Play (Rating Upgrade)
The PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund ETF provides an active play on long-term yields while delivering income through sales on imputed returns. We see additional flat...
ZROZ: Yields Are Just Too High, Reiterating Buy
Despite recent challenges, I maintain a "Buy" rating on PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF for its long-term potential. Although the ZROZ ETF has underperformed recently I believe it o...
ZROZ: If You Like Duration, You Will Love This Fund
ZROZ is a fixed-income ETF with a 27-year duration, highly sensitive to 30-year U.S. Treasury rate movements. Long rates are at the top of their historic range, expected to be range-bound between 4% a...
Undercovered ETFs: Nuclear, Uranium, China, India +
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ZROZ: Don't Be Confused By Macro Data
Despite recent volatility, I maintain a "Buy" rating on the ZROZ ETF as a recession hedge, given the uncertain economic outlook. Higher implied premiums may lead to worse performance of long-term US t...
ZROZ: Recession Protection On Sale
The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF tracks long-dated US government STRIPS, giving it increased interest rate sensitivity. The current 4.5% yield on long-dated US treasuries is well...
Rates Spark: ECB Presser Bear-Flattened The Curve
The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed...
ZROZ ETF: Better Staying On The Sidelines For Now
ZROZ ETF is a long-term zero-coupon bond vehicle managed by PIMCO, which has shed nearly 15% of its value in the past year. We believe the volatile interest rate environment makes this long-duration b...
ZROZ Vs. EDV: Which Zero Coupon Treasury ETF Is Better?
Zero coupon treasury bonds are considered to be a better way to benefit from rate cuts in the US compared to ordinary treasury bonds. While the bond market is getting repriced for a "higher for longer...
Building A 4% Yielding Sleep Well At Night Retirement Portfolio With 16 Blue-Chip Stocks And ETFs
Building the right portfolio for your needs is essential to achieving your goals. With a great portfolio strategy, you can become confident in achieving your dreams. This article highlights the ZEUS p...
ETF issuers defied investor expectations by raising fees in 2023. They may have to keep doing it.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. After a decade of seemingly never-ending fee-cutting wars, ETF issuers raised their fees in 2023 as the landscape evo...
ZROZ: Likely To Rise Significantly Through 2025
Long-term Treasury ETFs like ZROZ have the potential to outperform equities and commodities due to a disinflationary downcycle and a significant decline in yields. The behavior of the yield curve sugg...
ZROZ: Long-Term Treasury STRIPs ETF, For Dovish Traders
The Federal Reserve will likely cut rates this year. Significant rate cuts would almost certainly lead to higher bond prices. Most bond funds would benefit, some more than others. ZROZ would be one of...
ETF investors flee cash-like government bond funds, favor riskier assets in ‘bullish buying'
Hello! In this week's ETF Wrap, you'll get a look at flow data showing recent “bullish buying behavior” from investors, as well as funds to consider before 2024 hits.
ZROZ: Adding Duration Risk With The PIMCO 25+ Zero Coupon Bond Fund
The bear market in bonds has ended and long-duration assets are rallying, presenting an opportunity for capital gains. The Federal Reserve's interest rate hikes have negatively impacted the bond marke...
How I'd Invest $2.5 Million Right Now
My family has been rocked by an unrelenting string of medical and life crises. Fortunately, my family's charity hedge fund is saving us from bankruptcy and despair. I've updated my family's ZEUS Incom...
Who Said Bonds Were Boring?
Yields on bonds have risen significantly in recent years, with even short-term Treasury bonds yielding over 5.5%. The inverse relationship between bond prices and yields means that as interest rates r...
It's The Best Time In 22 Years To Buy These High-Yield ETFs
The fastest interest rate hiking cycle in 42 years crushed bonds, some as much as 50%. The equity risk premium has fallen to 22-year lows. Compared to stocks it's the best time in 22 years to buy high...
ZROZ: Adding Duration May Not Be Worth The Risk
We challenge the view that interest rate normalization accompanied by a Fed pivot will drive down ultra-long-term yields. Low long-term yields are an illusion created by the effects of quantitative ea...
ZROZ: PIMCO Fund Is A Big Bet On A Deflationary Bust
ZROZ from PIMCO is an ultra-long duration bond ETF. The fund has been battered with the rising interest rates. We look at whether this would be a good play today with interest rates far higher than th...
Here are ETF themes and categories investors may want to consider in the second half of 2023
Hello! This is markets reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, I spoke with CFRA's Aniket Ullal, head of ETF data and analytics, about thematic ETF ideas and in...
Why it is risky for ETF investors to blindly chase the small-cap rally
Hello! This is markets reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we take a look at small-cap ETFs, which attracted significant inflows in the past week as small-c...
ZROZ: The Ultimate Play To Profit From Dovish Fed
ZROZ is an ETF vehicle, which invests in long-duration zero coupon U.S. Treasuries. Since the FED changed its stance on the monetary policy, ZROZ has delivered nothing but inferior returns. High durat...
How I Built A $10 Million Dividend Portfolio With 13 World-Beater Blue Chips
The debt ceiling crisis and the 2023 recession have created one of the craziest markets I and many investors have ever seen. Bond yields are trading like crypto, and no one knows what interest rates o...
4 High-Yield ETFs That Could Boost Your Retirement Income 33%
4 High-Yield ETFs That Could Boost Your Retirement Income 33%.
6 High-Yield ETFs For Up To 60% Gains In The Coming Recession
The economic data indicates a mild recession is likely to begin within two to four months. While the actual economic contraction is likely to be mild, the stock market is likely to be disappointed by ...
The Worst Lies Ahead Of Us: Part I-Euphoria's Last Stand
The first quarter was far better than expected but I do not believe it will last, as the long lags to monetary policy persist. First quarter earnings season is likely to show the flow through of multi...
ZROZ: Treasuries Likely To Win 2023
On the surface, we have seen a revival in "risk assets" like equities and industrial metals, but the real story may be elsewhere. Momentum in long-term interest rates has decelerated after having rise...
My Best Idea For 2023: 30-Year Treasury A Port In The Coming Storm
2023 is likely to be a year of pain for risk assets. The economy remains on track to enter recession.
ZROZ: Should Have 'First-Mover Advantage' When Treasury Rates Peak
ZROZ offers a type of levered exposure to long-term U.S. Treasuries, but it does not use actual leverage. This ETF owns Treasury Strips, which are Zero-Coupon Bonds. They are offered below par and mat...
ZROZ's Underperformance Explained
Rising interest rates have led to declining bond prices. Bond funds have suffered losses across the board, but some have performed worse than others. ZROZ is one of the worst-performing bond funds of ...
ZROZ, TLT: Contrarians Are Locking In 3.5% Fixed For 30 Years
When year-on-year inflation is over 8%, and 2-year notes yield over 4%, few buys seem more contrarian than 30-year fixed rate bonds yielding only 3.5%. I estimate a >1% annual return premium over a
TLT, ZROZ: Duration Is A Double-Edged Sword
2022 is a year for the history books, not (only) because of stocks losing so much steam, but (mostly) due to bonds performing just as badly as stocks. Duration was key in January 2020. Duration is key...
ZROZ - Moving From Sell To Hold After The Fall
ZROZ is a very long duration (27.66 years) STRIPS exchange-traded fund. The fund only runs market risk through its duration profile, the credit risk being inexistent given the 100% treasuries composit...
ZROZ - How Low It Could Go
ZROZ is a very long duration (27.66 years) STRIPS exchange traded fund.
ZROZ: How I Think About Treasury Ownership
Too many investors think of asset ownership binarily, as either good or bad based on their price movement convictions. This is a bad approach.
Rates Outlook: Swap Spreads To See Widening Pressure
While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter cur...
Tapering Impact On Treasury Supply
At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course...
