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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)
$2,580,379
AUM
$223,986,327
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US DOLLAR
12.91%
n/a
MEDLINE BORROWER, LP USD TERM LOAN B
2.00%
n/a
IRB HOLDING CORP 2022 TERM LOAN B
1.85%
n/a
ULTIMATE SOFTWARE GROUP INC. 2021 TERM LOAN
1.58%
n/a
AI AQUA MERGER SUB INC 2021 1ST LIEN TERM LOAN B
1.57%
n/a
ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN
1.56%
n/a
REGIONALCARE HOSPITAL PARTNERS 2018 TERM LOAN B
1.52%
n/a
CLYDESDALE ACQ HOLDINGS INC. TERM LOAN B
1.49%
n/a
REALPAGE, INC. 1ST LIEN TERM LOAN
1.42%
n/a
PAREXEL INTERNATIONAL CORP 2021 1ST LIEN TERM LOAN
1.42%
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, BKLN, FTSL

LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
EWI
BlackRock Institutional Trust Company N.A. - iShares MSCI Italy ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
IVLU
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Value Factor ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
YYY
Amplify ETF Trust - Amplify High Income 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

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

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 0.0077%. This is the percent change in the value of LONZ over the most recent 1-month period. The 3-month return on LONZ is 0.0342%. This is the percent change in the value of LONZ over the most recent 3-month period.

The standard deviation of LONZ for the past year is 0.0371%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LONZ include GVI, BLV, and BSV.

ETFs correlated to LONZ include SRLN, BKLN, and FTSL.

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

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.