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PIMCO Senior Loan Active Exchange-Traded Fund
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) is an active Commodities ETF by PIMCO. With a 0.63% MER, it provides diversified exposure. Monthly distribution with a 8.05% yield.
LONZ is actively managed by PIMCO's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.63% MER, its fees are in line with category averages. It pays a monthly distribution with a 8.05% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).