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ETFs

PIMCO Senior Loan Active Exchange-Traded Fund

LONZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 08 2022
Expense Ratio
0.52%
Type
Global Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$1,314,577
AUM
$133,542,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
PARIBAS REPO
7.26%
n/a
HUB INTERNATIONAL LIMITED 2021 TERM LOAN B
2.45%
n/a
MEDLINE BORROWER, LP USD TERM LOAN B
2.19%
n/a
CDK GLOBAL, INC. 2022 USD TERM LOAN B
2.02%
n/a
DIRECTV FINANCING LLC TERM LOAN
1.96%
n/a
POLARIS NEWCO, LLC USD TERM LOAN B
1.76%
n/a
ULTIMATE SOFTWARE GROUP INC. 2021 TERM LOAN
1.75%
n/a
CLYDESDALE ACQ HOLDINGS INC. TERM LOAN B
1.73%
n/a
ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN
1.73%
n/a
PAREXEL INTERNATIONAL CORP 2021 1ST LIEN TERM LOAN
1.62%
Invest with LONZ

What is LONZ?

The Fund seeks current income, consistent with prudent investment management. It is a active ETF. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of Senior Loans, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. "Senior Loans" include senior secured floating rate bank loans, also referred to as leveraged loans, bank loans and floating rate loans, that are first or second lien loans. The Fund may also invest in collateralized loan obligations and high-yield corporate debt securities, which may also be represented by forwards or derivatives such as options, futures contracts or swap agreements.

ETFs related toLONZ

ETFs correlated to LONZ include SRLN, DFSI, FLBL

LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
FLBL
Franklin Templeton ETF Trust - Franklin Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
EWI
BlackRock Institutional Trust Company N.A. - iShares MSCI Italy ETF
EUSC
WisdomTree Trust - WisdomTree Europe Hedged SmallCap Equity Fund
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
IVLU
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLONZ

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LONZ using Composer

FAQ

LONZ is a Global Bonds ETF. The Fund seeks current income, consistent with prudent investment management. It is a active ETF. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of Senior Loans, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. "Senior Loans" include senior secured floating rate bank loans, also referred to as leveraged loans, bank loans and floating rate loans, that are first or second lien loans. The Fund may also invest in collateralized loan obligations and high-yield corporate debt securities, which may also be represented by forwards or derivatives such as options, futures contracts or swap agreements.

Yes, LONZ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, LONZ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LONZ is -0.0031%. This is the percent change in the value of LONZ over the most recent 1-month period. The 3-month return on LONZ is 0.0276%. This is the percent change in the value of LONZ over the most recent 3-month period.

ETFs similar to LONZ include BSV, MINT, and BND.

ETFs correlated to LONZ include SRLN, DFSI, and FLBL.

ETFs that are inversely correlated to LONZ include EFZ, EPV, and SKF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.