Michael Johnston at etfdb.com offers 9 things worth knowing about Pimco's new ETF (TRXT),...

|By:, SA News Editor

Michael Johnston at etfdb.com offers 9 things worth knowing about Pimco's new ETF (TRXT), including that it will be benchmarked against the same index as Charles Schwab's SCHZ. Since TRXT's expense ratio of 0.55% is well above SCHZ's 0.1%, TRXT needs to beat its benchmark by 55 bps a year just to match SCHZ's expected returns.