PIMCO ETFs - PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

ETF Finder

Fund Overview
Objective FundObjective To provide total return that closely corresponds, before fees and expenses, to the total return of The BofA Merrill Lynch US Inflation-Linked Treasury Index^SM^*.
Ticker TIPZ	Type Index
NAV $58.08	1 Day Return $0.17 \| 0.29%
As of 8/23/2017
Market Price $57.91	1 Day Return $0.00 \| --
As of 8/22/2017
Fund Sector U.S. TIPS
Duration Category Intermediate
Total Expenses 0.20%

Documents

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Regulatory Documents

Downloads

All Holdings

NAV History Download

How to Invest

Call us at 888.400.4ETF (4383) if you have questions or would like additional information about PIMCO ETFs.

Please Wait...

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Index

NAV

$58.08

1 Day Return

$0.17

0.29%

As of 8/23/2017

Market Price

$57.91

1 Day Return

$0.00

As of 8/22/2017

Fund Description

The PIMCO Broad U.S. TIPS Index Exchange-Traded Fund is an exchange-traded fund (ETF) that aims to capture the returns of The BofA Merrill Lynch US Inflation-Linked Treasury Index^SM. By tracking the index, the fund aims to achieve, before fees and expenses, the real return (above inflation) and the diversification benefits inherent in this index.

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
Mr. Dorsten is a senior vice president in the quantitative portfolio group in the Newport Beach office, focusing on quantitative strategy and passive replication. 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 nine years of investment experience and holds undergraduate degrees in mathematics and physics from Ohio State University.

Fund Information

As of 8/22/2017

Ticker	TIPZ
CUSIP	72201R403
Inception Date	9/3/2009
Shares Outstanding	1,080,000
Total Net Assets	$62,543,788.54
Daily Trading Volume (in shares)	3,235
Premium/Discount Average (since inception)	0.02%
Premium/Discount as of market close	0.00%

Closing Price

57.92

As of 8/22/2017 8:00PM EST

Yield Information

Estimated Yield to Maturity	2.20%
SEC 30-Day Yield	1.11%

As of 8/22/2017

Distribution Yield

0.87%

As of 7/31/2017

Portfolio Information

Number of Holdings	20
Effective Maturity	9.16 Years
Effective Duration	8.40 Years

As of 8/22/2017

Tracking Error

0.52%

Since Inception as of 7/31/2017

Full Performance & Risk

Index Information

Index BofA Merrill Lynch U.S. Inflation-Linked Treasury Index
Index Description BofA Merrill Lynch 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. It is not possible to invest directly in an unmanaged index.
Index Ticker	G0QI
Inception Date	2/28/1997
Rebalancing Frequency	Monthly
Annualized Volatility	6.36%

As of 7/31/2017

As of 8/23/2017

Dividends and Distributions

Full distribution history

As of 8/22/2017

Top 10 Exposures**

U S TREASURY INFLATE PROT BD	10.07%
U S TREASURY INFLATE PROT BD	8.70%
U S TREASURY INFLATE PROT BD	7.53%
U S TREASURY INFLATE PROT BD	7.22%
U S TREASURY INFLATE PROT BD	6.45%
U S TREASURY INFLATE PROT BD	5.91%
U S TREASURY INFLATE PROT BD	5.82%
U S TREASURY INFLATE PROT BD	5.81%
U S TREASURY INFLATE PROT BD	5.74%
U S TREASURY INFLATE PROT BD	5.50%

View all holdings Download all holdings

As of 6/30/2017

Quarterly Trading Characteristics

Average Volume
In Shares	8,058
In $	$468,119.53

Bid/Ask Spread
In %	0.14%
In $	$0.08

Fund Tickers
NAV Per Share	TIPZ.NV
Und. Trading Value	TIPZ.IV
Shares Outstanding	TIPZ.SO
Est. Cash	TIPZ.EU
Total Cash	TIPZ.TC

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and principal value will fluctuate, so that Fund shares may be worth more or less than their original cost when sold. Performance data current to the most recent month-end is available by clicking HERE or by calling 888-400-4ETF.

Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative or by clicking HERE. Please read the prospectus carefully before you invest.

The last recorded trade price before today, often referred to as a “Closing Price” of

The SEC yield is an annualized yield based on the most recent 30 day period. The fund’s yield quotation includes an adjustment to the principal value of the TIPS securities to reflect changes in the government’s official inflation rate, if any; changes in the government’s official inflation rate can cause the fund’s yield to vary substantially from one month to the next. At times, including during periods of deflation, the SEC yield calculation may result in a negative number. An exceptionally high SEC yield may be attributable to a rise in the inflation rate, which might not be repeated.

^PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data. In general, the calculation will incorporate the yield based on the notional value of all derivative instruments held by a Fund.

In order to provide additional information regarding the intra-day value of shares of the Fund, the NYSE Arca, Inc. or a market data vendor disseminates every 15 seconds through the facilities of the Consolidated Tape Association or other widely disseminated means an updated Indicative NAV (“iNAV”) for the Fund as calculated by an information provider or market data vendor. The Fund is not involved in or responsible for any aspect of the calculation or dissemination of the iNAV and makes no representation or warranty as to the accuracy of the iNAV.

Net Asset Value (NAV) represents an ETFs per-share value. The per-share value of an ETF is calculated by dividing the total value of the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.

The Net Asset Value (NAV), Shares Outstanding and Total Net Assets are calculated as of the close of regular trading on each day that the NYSE Arca is open, and do not reflect security transactions or fund shares created or redeemed on the date stated. Such transactions are recorded on the next business day and reported on the website the following business day.

Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times.

ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to these brokerage costs, if any, frequent trading may detract significantly from investment returns.

ETF shares are not sold or bought at their net asset value (NAV) like mutual fund shares. ETF shares’ market price may be at, above or below the funds’ NAV. The NAV of the fund will fluctuate with changes in the market value of its portfolio holdings, and the market price of an ETF’s shares will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. The market price of ETF shares may differ significantly from their NAV during periods of market volatility. ETF shares may only be redeemed directly with the fund at NAV by Authorized Participants, in very large redemption/creation units.

A Word About Risk: An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed. Certain U.S. Government securities are backed by the full faith of the government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Inflation-linked bonds (ILBs) issued by a government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. Government. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.

The Fund uses an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. The Fund invests in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index.

Premiums or discounts are the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. The since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated.

The BofA Merrill Lynch US Inflation-Linked Treasury Index^SM

PIMCO

Welcome to PIMCO ETFs

Active/Index

Duration

Sector

Solution

Actively Managed ETFs

Index ETFs

Ultra-Low

Low

Intermediate

Long

Ultra-Long

Core Fixed Income

U.S. Treasury

U.S. TIPS

Municipal

Credit

Core Fixed Income

Liquidity Management

U.S. Treasury Indexes

Inflation Protection

Tax Awareness

Credit

Point of View

Webcasts and Audio

Actively Managed Funds

Index Funds

Ultra-Low

Low

Intermediate

Long

Ultra-Long

Core Fixed Income

U.S. Treasury

U.S. TIPS

Municipal

Credit

Core Fixed Income

Liquidity Management

U.S. Treasury Indexes

Inflation Protection

Tax Awareness

Credit

Objective

Ticker

Type

NAV

1 Day Return

Market Price

1 Day Return

Fund Sector

Duration Category

TotalExpenses

How to Invest

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

NAV

1 Day Return

Market Price

1 Day Return

Fund Description

Portfolio Management

Fund Information

Yield Information

Portfolio Information

Index Information

Dividends and Distributions

Top 10 Exposures**

Quarterly Trading Characteristics

Total
Expenses