BILZ Fees and Costs — PIMCO Ultra Short Government Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.14%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
BILZ Fees and Expenses
Annual operating expenses and sales charges of BILZ. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BILZ Costs Over Time
On $10,000 invested in BILZ, assuming 5% a year before costs, total costs come to $89 over 5 years, cutting the return by 0.15% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.14%) | $15 | $46 | $81 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $89 |
| Value after costs | $10,485 | $11,528 | $12,674 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
BILZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $13.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BILZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $4.1B | 29.37% |
| Morgan Stanley & Co. LLC | $2.4B | 17.61% |
| BofA Securities, Inc. | $1.5B | 11.21% |
| Wells Fargo Securities, LLC | $1.3B | 9.63% |
| J.P. Morgan Securities LLC | $1.3B | 9.31% |
| Citigroup Global Markets Inc. | $1.1B | 7.76% |
| Goldman Sachs & Co. LLC | $657.6M | 4.76% |
| Nomura Securities International, Inc. | $520.6M | 3.77% |
| State Street Bank and Trust Company | $475.3M | 3.44% |
| Federal Reserve Bank of Boston | $434.5M | 3.14% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.