PIMCO Ultra Short Government Active Exchange-Traded Fund
$100.750.00 (0.00%)
- 0.14%
- $860M
- +3.7%
- 3.81%
- 0.2M sh
- $100.74
- low $100.60high $101.17
The ETF.net BILZ Grade
A
Score 73 out of 100
- 18 of 78
Score 73 of 100 falls in the A 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.A79 out of 100Rank 15 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 46 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 15 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 66 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 38 of 78
Our read on BILZ
ANearly everything in this corner of the market just tracks a T-bill index. BILZ instead hands the ultra-short government paper to PIMCO's bond desk, chasing maximum current income while preserving capital and daily liquidity. Pays monthly.
The Fund seeks maximum current income while preserving capital and maintaining daily liquidity.
Why people hold it
- Active, not an index tracker: PIMCO's managers pick the short government paper, and the fund has stuck closely to its stated mandate.
- Pays monthly, on a mandate built around preserving capital and keeping daily liquidity. Cash-adjacent plumbing rather than a rate bet.
- The 0.14% expense ratio sits right at the median for its T-bill peer group, level with BIL, the big passive incumbent.
- A multi-billion-dollar fund with steady two-way trading, built up since a 2023 launch.
Worth knowing
- Index rivals undercut it: XONE charges 0.03% and VBIL 0.06% against 0.14% here. That gap is what active management costs.
- Active means no plain bill index to check it against. Maturity and security mix ride on the manager's calls.
- Launched in 2023, so its record covers only one slice of the rate cycle, and it sits in the lower half of its peer group.
BILZ Holdings
- Bonds
- 6
- 100%
- Treasury Bill 01/27 0.00000 0.01% 01/26/2027
Geography
- United States100.00%
BILZ Performance
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.
BILZ$10,368
Returns run to the Oct 12, 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.
| Period | BILZ |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.7% |
| 3 years | +4.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BILZ |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +4.2% | |
| 2024 | +5.3% | |
| 2023 | +2.3% |
BILZ in the news
BILZ Dividends
- 3.81%
- $3.84
- $0.31 per share
- Monthly
Distribution history
BILZ Risk
- 0.2%
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.
- −0.66
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.
- −0.5%
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.
- 0.005
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BILZ Cost
0.14%
BILZ0.14%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
15 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ABKUIBNY Mellon Ultra Short Income ETFExpense ratio 0.13%1 year return +3.5%
- ADUSBDimensional Ultrashort Fixed Income ETFExpense ratio 0.15%1 year return +3.6%
- AJPSTJPMorgan Ultra-Short Income ETFExpense ratio 0.18%1 year return +3.5%
- ASBILSimplify Government Money Market ETFExpense ratio 0.15%1 year return +3.7%
- ATBILF/m US Treasury 3 Month Bill FundExpense ratio 0.15%1 year return +3.7%