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Launched

PIMCO Senior Loan Active Exchange-Traded Fund

LONZNYSE ArcaPIMCOC

$48.50−0.02 (−0.04%)

At close: Nov 2, 2026, 4:00 PM ET

C53/ 100

Rank 4 of 11 in Bank Loan

C53/100Rank 4 of 11inBank Loan
Intraday session: down, 79 prints from 48.52 to 48.50. Range 48.50 to 48.58. Use the arrow keys to read each point.48.5448.5648.5810 AM12 PM2 PM4 PM
Expense ratio
0.61%*
Fund size
$640M
1Y total return
+4.4%
Yield · Last 12 months
8.70%
Holdings
352
Avg volume · 30D
66.1K sh
52W range
low $48.55high $50.81
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.71%.

The ETF.net LONZ Grade

C

Score 53 out of 100

Category
Bank Loan⁠
Rank
4 of 11
Six-pillar profile for LONZ. Scores out of 100: Cost 44, Risk 58, Mission 72, Tradability 60, Holdings 19, Durability 56. Strongest: Mission (72). Weakest: Holdings (19). Leans toward Mission.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C44 out of 100
    Rank 6 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 1 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 5 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 5 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F19 out of 100
    Rank 11 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 5 of 11

Our read on LONZ

ETF.net Research

In short

CPIMCO's credit desk in an ETF wrapper: an actively run book of senior secured floating-rate loans that pays monthly. Priced right at the middle of a small, specialized peer group, with a manager pick behind every position instead of an index.

Stated mandate

The Fund primarily seeks floating-rate income by investing at least 80% of assets in a diversified portfolio of senior secured loans, including related derivatives.

Why people hold it

  • Actively run, not index-fed. PIMCO's team assembles roughly 100 loans, with at least 80% of assets in a diversified portfolio of senior secured loans and related derivatives.
  • The coupons float. Senior loan rates reset off short-term benchmarks, so the income stream moves with rates rather than locking in at issue.
  • Income arrives monthly, and the fund sits in the upper half of the handful of US senior loan ETFs on implementation quality.

Worth knowing

  • The 0.73% fee lands at the senior loan category median but well above indexed options like FLBL at 0.45%. Active credit selection is what the spread buys.
  • Roughly 100 loans is a concentrated book. Senior secured ranks these claims high in a borrower's capital structure, but single-name credit trouble still lands harder here.
  • Floating rate cuts both ways. The same reset mechanism that lifts income when short-term rates climb pulls it down when they fall.

LONZ Performance

Launched Jun 8, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
LONZ$10,439
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LONZ $10,439. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LONZ. Periods over one year show the average yearly return.
PeriodLONZ
Year to date+3.2%
1 month−0.3%
3 months+0.6%
1 year+4.4%
3 yearsper year+7.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LONZ
YearReturn barLONZ
2026 YTD+3.2%
2025+5.6%
2024+9.8%
2023+12.6%
2022+0.8%

History from Jun 9, 2022

LONZ in the news

LONZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
8.70%Last 12 months
Payout per share
$4.24Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.35; Mar 1, 2023 $0.32; Apr 3, 2023 $0.38; May 1, 2023 $0.34; Jun 1, 2023 $0.40; Jul 3, 2023 $0.37; Aug 1, 2023 $0.37; Sep 1, 2023 $0.33; Oct 2, 2023 $0.33; Nov 1, 2023 $0.37; Dec 1, 2023 $0.36; Dec 28, 2023 $0.26; Feb 1, 2024 $0.40; Mar 1, 2024 $0.35; Apr 1, 2024 $0.24; May 1, 2024 $0.35; Jun 3, 2024 $0.35; Jul 1, 2024 $0.25; Aug 1, 2024 $0.29; Sep 3, 2024 $0.33; Oct 1, 2024 $0.33; Nov 1, 2024 $0.46; Dec 2, 2024 $0.37; Dec 31, 2024 $0.45; Feb 3, 2025 $0.29; Mar 3, 2025 $0.20; Apr 1, 2025 $0.18; May 1, 2025 $0.23; Jun 2, 2025 $0.28; Jul 1, 2025 $0.26; Aug 1, 2025 $0.30; Sep 2, 2025 $0.32; Oct 1, 2025 $0.35; Nov 3, 2025 $0.39; Dec 1, 2025 $0.39; Dec 31, 2025 $0.39; Feb 2, 2026 $0.38; Mar 2, 2026 $0.38; Apr 1, 2026 $0.38; May 1, 2026 $0.38; Jun 1, 2026 $0.35; Jul 1, 2026 $0.35; Aug 3, 2026 $0.32; Sep 1, 2026 $0.29; Oct 1, 2026 $0.24. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.24
Oct 1, 2026Oct 5, 2026$0.24
Sep 1, 2026Sep 3, 2026$0.29
Aug 3, 2026Aug 5, 2026$0.32
Jul 1, 2026Jul 6, 2026$0.35
Jun 1, 2026Jun 3, 2026$0.35
May 1, 2026May 5, 2026$0.38
Apr 1, 2026Apr 3, 2026$0.38
Mar 2, 2026Mar 4, 2026$0.38
Feb 2, 2026Feb 4, 2026$0.38
Dec 31, 2025Jan 5, 2026$0.39
Dec 1, 2025Dec 3, 2025$0.39

See all 52 payments⁠

$10,000 in LONZ 3 years ago paid $2,372 in dividends.⁠

LONZ Risk

Risk pillarB58 out of 100Rank 5 of 11 in Bank Loan
How much the fund’s monthly returns vary, scaled to a year.
2.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.21
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.2%
52 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LONZ Cost

Compare LONZ and LVLN

Overpaying vs LVLN, cheapest in Bank Loan

$3,908

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LONZ 0.61%

    $11,998

  • LVLN 0.40% Cheapest

    $8,090

$10,000
30 years

Cost over time

  • LONZ 0.61%
  • LVLN 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530LONZ $11,998LVLN $8,090

Year by year

YearLONZLVLNOverpaying
10$1,093$723$370
20$4,181$2,793$1,388
30$11,998$8,090$3,908
How the 0.61% is worked out

Full fee 0.71%− waiver 0.10%= you pay 0.61%

The waiver ends Oct 31, 2027. After that the fee is 0.71% unless PIMCO renews it. Source: prospectus, Oct 2026.

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