ZROZ Fees and Costs — PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 17%.
ZROZ Fees and Expenses
Annual operating expenses and sales charges of ZROZ. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ZROZ Costs Over Time
On $10,000 invested in ZROZ, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
ZROZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
ZROZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $709.7M | 32.07% |
| Goldman Sachs & Co. LLC | $520.0M | 23.50% |
| BofA Securities, Inc. | $418.6M | 18.92% |
| J.P. Morgan Securities LLC | $370.2M | 16.73% |
| State Street Bank and Trust Company | $126.0M | 5.69% |
| Jane Street Capital, LLC | $40.1M | 1.81% |
| Nomura Securities International, Inc. | $15.5M | 0.70% |
| BMO Capital Markets Corp. | $6.1M | 0.28% |
| HSBC Securities (USA) Inc. | $6.1M | 0.28% |
| BNP Paribas Securities Corp. | $372K | 0.02% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.