ETF Evaluator:
PIMCO 15+ Year US TIPS ETF (LTPZ)
Follow This ETF
(as of Jul 31)
Best Performing in Inflation-Protected Bond Over the Last Year
| 3.6% | JPMorgan Inflation Managed Bond ETF (JCPI) |
| 3.5% | American Beacon Ionic Inflation Prot ETF (CPII) |
| 3.4% | Goldman Sachs Acs Infl Protd USD Bd ETF (GTIP) |
| 3.4% | Schwab US TIPS ETF™ (SCHP) |
| 3.4% | FlexShares iBoxx 5Yr Target Dur TIPS ETF (TDTF) |
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ETF Details
PIMCO 15+ Year US TIPS ETF Overview
PIMCO 15+ Year US TIPS ETF (LTPZ) is a passively managed Taxable Bond Inflation-Protected Bond exchange-traded fund (ETF). PIMCO launched the ETF in 2009.
The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the ICE BofA 15+ Year U.S. Inflation-Linked Treasury Index.
The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the ICE BofA 15+ Year U.S. Inflation-Linked Treasury Index (the "underlying index"). The underlying index is an unmanaged index comprised of Treasury Inflation-Protected Securities ("TIPS") with a maturity of at least 15 years.
About PIMCO 15+ Year US TIPS ETF (LTPZ)
There are 3 members of the management team with an average tenure of 6.89 years: Daniel He (2021), Matthew Dorsten (2015) and Tanuj Dora (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 15+ US Infln-Lnkd Trsy TR USD index with a weighting of 100%. PIMCO 15+ Year US TIPS ETF has 20 securities in its portfolio. The top 10 holdings constitute 77.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
PIMCO 15+ Year US TIPS ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. PIMCO 15+ Year US TIPS ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.5% (99.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PIMCO 15+ Year US TIPS ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $707 million in total assets, which is below the $2 billion average for the Inflation-Protected Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LTPZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO 15+ Year US TIPS ETF expense ratio is below average compared to funds in the Inflation-Protected Bond category. PIMCO 15+ Year US TIPS ETF has an expense ratio of 0.20%, which is 27% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO 15+ Year US TIPS ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 37% for the Inflation-Protected Bond category.
Recently, in the month of June 2026, PIMCO 15+ Year US TIPS ETF returned -0.4%, which earned it a grade of A, as the Inflation-Protected Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
PIMCO 15+ Year US TIPS ETF has a trailing yield of 5.23%, which is above the 4.55% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PIMCO 15+ Year US TIPS ETF Grades
Year to date, the ETF has returned 0.2%, 0.0 percentage points better than the category, which translates into a grade of F. The fund has returned 1.8% over the past year (grade of F), -1.3% over the past three years (grade of F) and -5.8% per year over the past five years (grade of F) and 0.4% per year over the past 10 years (grade of F).
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LTPZ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LTPZ Return (NAV) | -0.4% | 1.7% | 1.8% | -1.3% | -5.8% | 0.4% |
| LTPZ Return (Price) | -0.3% | 1.7% | 1.6% | -1.4% | -5.8% | 0.4% |
| NAV +/- Price Return | -0.115% | 0.000% | 0.174% | 0.035% | -0.011% | -0.003% |
| Inflation-Protected Bond Avg | -0.7% | 0.1% | 1.7% | 2.9% | -0.4% | 2.2% |
| LTPZ Grade (NAV) | A | A | F | F | F | F |
| +/- Category (NAV) | 0.3% | 1.6% | 0.1% | -4.2% | -5.4% | -1.8% |
| LTPZ Tax-Cost Ratio | na | na | 2.1% | 1.7% | 1.9% | 1.5% |
LTPZ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LTPZ Return (NAV) | 0.2% | 4.0% | -4.4% | 0.5% | -31.6% | 7.0% | 25.2% | 17.3% | -7.4% | 9.4% | 9.5% |
| LTPZ Return (Price) | 0.3% | 4.0% | -4.8% | 1.0% | -31.7% | 7.0% | 24.9% | 17.5% | -7.0% | 9.1% | 9.2% |
| NAV +/- Price Ret | 0.507% | -0.005% | 0.103% | 0.895% | 0.003% | 0.002% | -0.012% | 1.0% | -5.2% | -4.0% | -3.6% |
| Inflation-Protected Bond Avg | 0.2% | 6.9% | 0.3% | 2.4% | -13.6% | 5.0% | 12.4% | 9.3% | -2.2% | 3.7% | 5.2% |
| LTPZ Grade (NAV) | F | F | F | F | F | A | A | A | F | A | A |
| +/- Category | 0.0% | -2.8% | -4.7% | -1.9% | -18.0% | 2.0% | 12.8% | 8.0% | -5.2% | 5.8% | 4.3% |
| Risk Measures | |
| Beta: | 1.95 |
| R-Squared: | 89% |
| Standard Deviation: | 11.4% |
| Category Risk Index: | 2.19 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.94 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 5.2% |
| Total Assets: | $ 708 Mil |
| Share Class Assets: | $ 708 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.5 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Dorsten Matthew (2015), Dora Tanuj (2021), He Daniel (2021) | |||
Portfolio Composition (as of 6/26/26)
| # of Holdings: | 20 |
| % in Top 10 Holdings: | 77.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | PIMCO |
| Phone Number: | 888-400-4383 |
| Website: | www.pimcoetfs.com/fundinfo |
| Inception Date: | September 3, 2009 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.27% |
