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Launched · SEC filings

PIMCO US Stocks PLUS Active Bond ETF

SPLSCboeC

$56.110.00 (0.00%)

As of Oct 13, 2026, 3:59 PM

C47/ 100

Rank 25 of 37 in Multi-Asset Allocation

C47/100Rank 25 of 37inMulti-Asset Allocation
Intraday session: up, 39 prints from 56.10 to 56.11. Range 54.61 to 56.16. Use the arrow keys to read each point.54.7555.0055.2555.5055.7510 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$80M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
18
Avg volume · 30D
0M sh
NAV per share
$56.14
52W range
low $45.60high $57.06
Launched
Filings
SEC EDGAR

The ETF.net SPLS Grade

C

Score 47 out of 100

Category
Multi-Asset Allocation⁠
Rank
25 of 37
Six-pillar profile for SPLS. Scores out of 100: Cost 65, Risk 79, Mission 10, Tradability 50, Holdings 38, Durability 52. Strongest: Risk (79). Weakest: Mission (10). Leans toward Risk.

Score 47 of 100 falls in the C 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.
    B65 out of 100
    Rank 13 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F10 out of 100
    Rank 29 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 2 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 18 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 25 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 22 of 37

Our read on SPLS

ETF.net Research

CPIMCO's StocksPLUS idea, pioneered in 1986, finally in a US ETF: exposure to the 500 largest US companies out front, an actively managed PIMCO bond portfolio working underneath.

Stated mandate

The Fund seeks two sources of exposure: U.S.-listed equities mainly representing the 500 largest companies by market capitalization, and fixed-income instruments of varying maturities, primarily through actively managed PIMCO fixed-income ETFs.

Why people hold it

  1. 01Two engines, one ticker: US large-cap equity exposure plus fixed income of varying maturities, run mainly through PIMCO's own actively managed bond ETFs.pimco.com
  2. 02Charges 0.43% a year, roughly half the typical allocation fund's fee, for two sleeves that would otherwise mean buying a stock fund and a bond manager separately.
  3. 03PIMCO pioneered the StocksPLUS approach in 1986 and lists SPLS as the ETF version of it, run by a team from its fixed income desk.pimco.com

Worth knowing

  1. 01Bonds cut both ways here. The fixed income sleeve can subtract from S&P 500 returns as easily as add, and stocks and bonds can fall in the same week.
  2. 02Launched January 2026 and started small and thinly traded, so spreads can run wider than in established allocation funds.
  3. 03Capital-efficient rivals go cheaper: NTSX and GDE both charge 0.20%. You are paying up for the active bond sleeve.

SPLS Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
18
Top-10 weight
100%
Largest holding
IVV98.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVIshares Core S+p 500 Etf Ishares Core S+p 500 Etf97.97%109,717$86M57
002—CCSOCXUS0 Mgcc Newedge 12/30 Vari 1 3.48% 12/31/20300.69%6,050$605K1
003—Treasury Bill 01/27 0.00000 0.01% 01/19/20270.34%3,010$298K9
004—Treasury Bill 11/26 0.00000 0.01% 11/05/20260.27%2,390$238K21
005—Treasury Bill 11/26 0.00000 0.01% 11/10/20260.21%1,820$181K16
006—Us 10YR Ultra Fut DEC26 Xcbt 20261221 12/21/20260.21%1,716$181K19
007—Us 2YR Note (Cbt) DEC26 Xcbt 20261231 12/31/20260.12%1,039$106K22
008—Us 5YR Note (Cbt) DEC26 Xcbt 20261231 12/31/20260.12%1,018$105K28
009—United States Treasury Bill 02/27 0 0.01% 02/02/20270.11%1,000$99K8
010—Fed Home Ln Discount Nt Discount Not 02/27 0.00000 4.07% 02/17/20270.11%1,000$99K1
011—Ssc Government Mm Gvmxx 3.80% 12/31/20300.11%943$94K89
012—Ldur Us Trs Equity Sofr 11/02/20260.08%770$72K1
013—Pyld Us Trs Equity Sofr 11/02/20260.05%1,814$46K1
014—Mint Us Trs Equity Sofr 11/02/20260.04%386$39K1
015—Pmbs Us Trs Equity Sofr 11/02/20260.04%788$36K1

Showing 1–15 of 18 holdings

SPLS Performance

Launched Jan 15, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
SPLS$10,271
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. SPLS $10,271. SPY $10,332. Use the arrow keys to read each point.$9,579$9,991$10,402Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for SPLS. Periods over one year show the average yearly return.
PeriodSPLS
Year to dateFund launched this year—
1 month+1.5%
3 months+2.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPLS
YearReturn barSPLS
2026 YTD+23.9%

History from Mar 30, 2026

SPLS in the news

Filtered to SPLS · Multi-Asset Allocation

SPLS Dividends

Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Apr 1, 2026 $0.12; Jul 1, 2026 $0.18; Oct 1, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 5, 2026$0.07
Jul 1, 2026Jul 6, 2026$0.18
Apr 1, 2026Apr 3, 2026$0.12

SPLS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
1.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SPLS Cost

Expense ratio0.43%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

12 of the 37 Multi-Asset Allocation funds charge less.

SPLS costs $43.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

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