BILZ – PIMCO Ultra Short Government Active ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks maximum current income, consistent with preservation of capital and daily liquidity. The fund invests 100% of its total assets in (i) cash, (ii) U.S. government securities, such as U.S. Treasury bills, notes, and other obligations issued by, or guaranteed as to principal and interest by, the U.S. government (including its agencies and instrumentalities), and (iii) repurchase agreements that are collateralized fully by such U.S. government securities or cash.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BILZ	PIMCO Ultra Short Government Active Exchange-Traded Fund	ETF	Open			Jun 21, 2023	$865.62M	0.140%	—	—	−$76.01M

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