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

NAV
$67.13
1 Day Return
$-0.08  |   -0.12%

As of 10/16/2017

Market Price
$67.17
1 Day Return
$-0.05  |   -0.07%

As of 10/16/2017

Fund Description

The PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund is the only exchange-traded fund (ETF) designed to capture, before fees and expenses, the returns of the longer maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 15+ Year US Inflation-Linked Treasury IndexSM. The fund aims to achieve the real return (above inflation), capital preservation, and greater exposure to changes in real interest rates inherent in long maturity TIPS.

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Portfolio Management


Jeremie Banet

Jeremie Banet
Mr. Banet is an executive vice president in the Newport Beach office and a portfolio manager on the real return team. Prior to joining PIMCO in 2011, he traded inflation-linked investments at Nomura Fixed Income. Prior to that, he was with BNP Paribas, most recently as head of U.S. inflation trading. He has 14 years of investment and financial services experience and holds a master's degree in applied economics and an undergraduate degree from Paris IX Dauphine University.

Matt Dorsten

Matt Dorsten
Mr. Dorsten is a senior 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 has 11 years of investment experience and holds undergraduate degrees in mathematics and physics from Ohio State University.

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Fund Information

As of 10/16/2017

Ticker LTPZ
CUSIP 72201R304
Inception Date 9/3/2009
Shares Outstanding 3,270,000
Total Net Assets $219,510,748.93
Daily Trading Volume
(in shares)
12,697
Premium/Discount Average
(since inception)
0.01%
Premium/Discount as
of market close
0.06%
Closing Price 67.21

As of 10/16/2017

Yield Information

Estimated Yield to Maturity 3.03%
SEC 30-Day Yield 1.51%

As of 10/16/2017

Distribution Yield 0.00%

As of 9/30/2017

Portfolio Information

Number of Holdings 8
Effective Maturity 25.47 Years
Effective Duration 22.14 Years

As of 10/16/2017

Tracking Error 1.28%

Since Inception as of 9/30/2017

Full Performance & Risk

Index Information

Index
BofA Merrill Lynch 15+ Year U.S. Inflation-Linked Treasury Index
Index Description

BofA Merrill Lynch 15+ Year US Inflation-Linked Treasury Index is an unmanaged index comprised of U.S. Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity greater than 15 years. It is not possible to invest directly in an unmanaged index.
Index Ticker G8QI
Inception Date 4/30/1998
Rebalancing Frequency Monthly
Annualized Volatility 11.51%

As of 9/30/2017

As of 10/16/2017

Dividends and Distributions

Full distribution history

As of 10/16/2017

Top 10 Exposures**

U S TREASURY INFLATE PROT BD 18.64%
U S TREASURY INFLATE PROT BD 13.74%
U S TREASURY INFLATE PROT BD 12.65%
U S TREASURY INFLATE PROT BD 12.61%
U S TREASURY INFLATE PROT BD 12.51%
U S TREASURY INFLATE PROT BD 11.12%
U S TREASURY INFLATE PROT BD 11.05%
U S TREASURY INFLATE PROT BD 7.44%

As of 9/30/2017

Quarterly Trading Characteristics

Average Volume
In Shares 29,072
In $ $1,903,031.46
Bid/Ask Spread
In % 0.11%
In $ $0.07
Fund Tickers
NAV Per Share LTPZ.NV
Und. Trading Value LTPZ.IV
Shares Outstanding LTPZ.SO
Est. Cash LTPZ.EU
Total Cash LTPZ.TC