PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (TIPZ) is an exchange-traded fund that seeks total return corresponding to the ICE BofA U.S. Inflation-Linked Treasury Index before fees and expenses. The fund invests at least 80% of its assets in component securities of the index, comprising U.S. dollar-denominated Treasury Inflation-Protected Securities (TIPS) issued by the U.S. government with at least one year remaining to maturity; it employs a representative sampling technique to track the market value-weighted index, which excludes TIPS held by the Federal Reserve and focuses on issues with at least $1 billion outstanding face value. Issued by PIMCO ETF Trust, a product of Pacific Investment Management Company LLC (PIMCO), and domiciled in the United States with headquarters at 650 Newport Center Drive, Newport Beach, California, the fund was launched on September 3, 2009.
TIPZ primarily targets inflation-protected bond investors, including institutions and individuals seeking protection against U.S. inflation while maintaining high credit quality in the government bond sector; its portfolio is nearly entirely U.S. bonds (99.69%), with top holdings such as United States Treasury Notes at various coupons (e.g., 2.125%, 1.875%, 0.125%) representing over 26% of assets. The fund operates geographically within U.S. fixed income markets and is available for sale in the United States and Mexico. It maintains a net expense ratio of 0.20% and total net assets of approximately $101 million as of recent data.
In recent developments, PIMCO has expanded its global ETF offerings, launching active fixed income UCITS ETFs including PIMCO Advantage Global Government Bond UCITS ETF (GOVI) and PIMCO Advantage Euro Government Bond UCITS ETF (EUGO) in December 2025 on exchanges like the London Stock Exchange and Xetra; these complement PIMCO's fixed income expertise and grow its Dublin-based ETF range to 11 funds with $8.6 billion in assets. Earlier in 2025, PIMCO introduced four active fixed income ETFs in Australia (PGBF, PDFI, PCRD, PAUS) on Cboe Australia. The firm also announced mergers of certain Canadian closed-end funds in September 2024, expected to complete by year-end for enhanced scale and liquidity.