Morningstar Rating

ETF Research and Analysis

by Brian Moriarty
Suitability
PIMCO 1-5 Year U.S. TIPS STPZ offers short-duration exposure to Treasury Inflation-Protected Securities at a relatively low price. Because TIPS are excluded from aggregate-bond indexes, TIPS funds work well as complementary   Read more 

Bull Case

By investing in TIPS, the fund provides protection against unexpected inflation.
Short-term TIPS have less sensitivity to interest rates and can provide better protection against inflation than long-term TIPS.  Read more 

Bear Case

If inflation rises slowly, the fund may underperform non-inflation-protected Treasuries. Read more 

Under the Hood of Multifactor Investing 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.