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SPLS

GradeCChicago Board Options Exchange

PIMCO US Stocks PLUS Active Bond ETF

Multi-Asset & Alternatives · PIMCO · Inception 2026-01-15 · SEC filings

$55.72−0.32 (−0.57%)

As of Sep 23, 2026, 2:14 PM EDT

History starts Mar 30, 2026.History starts Mar 30, 2026.History starts Mar 30, 2026.
Intraday session: down, 18 prints from 56.04 to 55.72. Range 55.67 to 56.12. Use the arrow keys to read each point.$55.80$55.90$56.00$56.1010 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$46M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$56.00
52W range
low $45.60high $57.06

The ETF.net SPLS Grade

C

43/ 100

Rank 25 of 38 in Multi-Asset Allocation⁠

Confidence Medium

Six-pillar profile for SPLS. Scores out of 100: Cost 65, Risk 78, Mission 10, Tradability 29, Holdings 33, Durability 50. Strongest: Risk (78). Weakest: Mission (10). Leans toward Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C 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.
    BScore 65
    Category rank14/38 · top 37%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 10
    Category rank30/30 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 78
    Category rank3/36 · top 8%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 29
    Category rank29/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 33
    Category rank30/34 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank24/38 · mid-pack

Graded as of Sep 22, 2026

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 Sep 20, 2026, 6:43 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
IVV97.7%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVISHARES CORE S+P 500 ETF ISHARES CORE S+P 500 ETF97.75%57,815$44M54
002—CCSOCXUS0 MGCC NEWEDGE 12/30 VARI 1 3.23% 12/31/20300.67%3,020$302K1
003—TREASURY BILL 10/26 0.00000 0.01% 10/29/20260.56%2,520$251K35
004—FED HOME LN DISCOUNT NT DISCOUNT NOT 10/26 0.00000 3.60% 10/09/20260.22%1,000$100K1
005—FED HOME LN DISCOUNT NT DISCOUNT NOT 10/26 0.00000 3.82% 10/22/20260.22%1,000$100K1
006—FED HOME LN DISCOUNT NT DISCOUNT NOT 10/26 0.00000 3.86% 10/29/20260.22%1,000$100K1
007—FED HOME LN DISCOUNT NT DISCOUNT NOT 11/26 0.00000 3.88% 11/09/20260.22%1,000$99K1
008—US 2YR NOTE (CBT) DEC26 XCBT 20261231 12/31/20260.19%863$88K20
009—US 5YR NOTE (CBT) DEC26 XCBT 20261231 12/31/20260.15%645$67K24
010—US 10YR ULTRA FUT DEC26 XCBT 20261221 12/21/20260.11%472$51K17
011—TREASURY BILL 11/26 0.00000 0.01% 11/10/20260.08%350$35K14
012—MINT US TRS EQUITY SOFR 10/02/20260.07%326$33K1
013—3 MONTH SOFR FUT DEC27 XCME 20280314 03/14/20280.05%251$24K1
014—US DOLLAR0.03%15,711$16K223
015—US ULTRA BOND CBT DEC26 XCBT 20261221 12/21/20260.01%51$6K18

Showing 1–15 of 15 holdings

SPLS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SPLS$10,405
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. SPLS $10,405. SPY $10,415. Use the arrow keys to read each point.$9,733$10,118$10,503Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for SPLS. Periods over one year show the average yearly return.
PeriodSPLS
Year to dateFund launched this year—
1 month+1.0%
3 months+4.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+23.6%

History from Mar 30, 2026

SPLS in the news

ETF.net Research hasn’t filed on SPLS yet — coverage lands here as it’s written.

SPLS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.18 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. 2 payments in 2026 YTD. Apr 1, 2026 $0.12; Jul 1, 2026 $0.18. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.
1.00
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%

11 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.