PIMCO Ultra Short Government Active Exchange-Traded Fund
$100.83+0.01 (+0.00%)
- Expense ratio
- 0.14%
- Fund size
- $947M
- 1Y return
- +3.6%
- Yield · Last 12 months
- 3.90%
- Holdings
- 13
- Volume · 30D
- 0.2M sh
- NAV per share
- $100.81
- 52W range
The ETF.net BILZ Grade
Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 79Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 23Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
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
- 13
- 168%
- TREASURY BILL 09/26 0.00000 0.01% 09/22/2026
Geography
BILZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +2.6% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.6% |
| 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 | +2.6% | |
| 2025 | +4.2% | |
| 2024 | +5.3% | |
| 2023 | +2.3% |
BILZ in the news
ETF.net Research hasn’t filed on BILZ yet — coverage lands here as it’s written.
BILZ Dividends
- 3.90%
- $3.93
- $0.31 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.31 |
| Aug 3, 2026 | Aug 5, 2026 | $0.31 |
| Jul 1, 2026 | Jul 6, 2026 | $0.31 |
| Jun 1, 2026 | Jun 3, 2026 | $0.31 |
| May 1, 2026 | May 5, 2026 | $0.31 |
| Apr 1, 2026 | Apr 3, 2026 | $0.31 |
| Mar 2, 2026 | Mar 4, 2026 | $0.31 |
| Feb 2, 2026 | Feb 4, 2026 | $0.32 |
| Dec 31, 2025 | Jan 5, 2026 | $0.32 |
| Dec 1, 2025 | Dec 3, 2025 | $0.34 |
| Nov 3, 2025 | Nov 5, 2025 | $0.38 |
| Oct 1, 2025 | Oct 3, 2025 | $0.40 |
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.
- −0.64
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
15 of the 77 Cash & Ultra-Short Income funds charge less.