PIMCO Senior Loan Active Exchange-Traded Fund

LONZ
ETF Ticker

+3.43%

+5.52%

NYSE Arca Exchange

Fixed Income

United States

Floating Rate

The PIMCO Senior Loan Active Exchange-Traded Fund, LONZ_US, is an actively managed strategy providing exposure to United States, Floating Rate Fixed Income. It is listed on the NYSE Arca Exchange and has assets under management of $603.0m (as of Aug 31, 2026). The ETF trades in USD and was listed on the exchange on Jun 8, 2022. It has a net expense ratio of 60bps. (All data in USD as of Oct 12, 2026 unless stated.)

The investment strategy governing the actively managed PIMCO Senior Loan Active Exchange-Traded Fund invests primarily in senior secured, floating-rate corporate loans to seek high current income with low rate duration. The investable universe spans broadly syndicated and select middle-market loans across sectors, with priority given to first-lien instruments and structures with robust collateral and covenants. Selection integrates issuer-level credit underwriting—cash-flow stability, leverage paths, recovery prospects—and structural analysis of documentation, collateral packages, and prepayment dynamics. Portfolio construction balances issuer and industry diversification with liquidity considerations, maintaining staggered maturities and active exposure to repricing windows. Non-base-currency loans may be hedged to manage FX risk; derivatives may be used for hedging or efficient exposure to loan markets. Rebalancing is ongoing and event-driven, rotating across credits as spread-compensation changes, trimming on deteriorating credit signals, and redeploying into stronger recovery profiles or superior risk-adjusted carry.

ETF Details

Key Facts

Issuer:
PIMCO ETFs
AUM:
$603.0m (as of Aug 31, 2026)
Net Expense Ratio:
60 bps
Inception Date:
Jun 8, 2022
Index:
Actively managed strategy
Dividend Frequency:
Monthly

Trading

Ticker:
LONZ
Exchange:
NYSE Arca Exchange
ISIN:
US72201R6273
Trading Currency:
USD
Domicile:
United States

Classification & Risk

Asset Class:
Fixed Income
Asset Region:
United States
Theme:
Floating Rate
Economic Development:
Developed Markets
1 Year Volatility:
2.21%
3 Year Volatility:
2.77%
5 Year Volatility:
N/A

Performance

TTM Dividend Yield:
8.64% (verify with issuer)
1 Month Performance:
-0.02%
3 Month Performance:
1.12%
6 Month Performance:
3.00%
1 Year Performance:
5.52%
3 Year Performance:
23.91%
5 Year Performance:
N/A
Investment Proposition

PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) delivers actively managed exposure to U.S. senior secured floating-rate loans, seeking high current income with attention to capital preservation through issuer selection, collateral quality, and covenant analysis. The portfolio emphasizes credit underwriting, sector rotation, and liquidity management to navigate the below-investment-grade spectrum while the floating-rate feature helps reduce interest-rate sensitivity and align coupons with short-term rate moves. Returns are driven primarily by credit risk, carry, and idiosyncratic selection, with potential resilience to rising-rate backdrops and vulnerability to late-cycle spread widening. LONZ can function as an income sleeve for diversified credit allocations, a tactical overlay to lower duration in fixed income, or a transition exposure when migrating from core bonds toward higher carry. It suits income-oriented allocators who accept below-investment-grade credit risk, and multi-asset managers targeting a differentiated source of floating-rate cash flow. Environments with steady growth and contained defaults tend to be constructive; recessions and liquidity stress can challenge marks. Fund-specific risk to monitor is loan-market liquidity and settlement frictions, which can widen bid-ask costs and impact execution during volatile periods.

ETF Analytics

Fund Discovery

4 Suggestions