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Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

SMMU | Active ETF

$50.12

$557 M

3.35%

$1.68

0.35%

Vitals

YTD Return

3.0%

1 yr return

4.0%

3 Yr Avg Return

1.6%

5 Yr Avg Return

1.6%

Net Assets

$557 M

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$50.2
$49.57
$50.50

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

SMMU | Active ETF

$50.12

$557 M

3.35%

$1.68

0.35%

SMMU - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.83%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Feb 03, 2010
  • Shares Outstanding
    11000000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Hammer

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.The Fund does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax. The Fund may only invest in U.S. dollar-denominated investment grade debt securities, rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by Pacific Investment Management Company LLC (“PIMCO”) to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest 25% or more of its total assets in Municipal Bonds that finance similar projects, such as those relating to education, health care, housing, transportation, and utilities, and 25% or more of its total assets in industrial development bonds. The average portfolio duration of this Fund varies based on PIMCO’s market forecasts and under normal market conditions is not expected to exceed three years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The dollar- weighted average portfolio maturity of the Fund is normally not expected to exceed three years. The portfolio manager focuses on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
Read More

SMMU - Performance

Return Ranking - Trailing

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.9% 34.7% 55.20%
1 Yr 4.0% -1.6% 40.8% 70.58%
3 Yr 1.6%* -10.3% 5.2% 3.69%
5 Yr 1.6%* -6.5% 1104.6% 12.20%
10 Yr 1.5%* -0.9% 248.9% 60.51%

* Annualized

Return Ranking - Calendar

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.4% 41.0% 87.81%
2022 -3.8% -39.7% 0.3% 4.44%
2021 -0.4% -5.6% 6.9% 47.49%
2020 1.6% -2.6% 310.0% 52.59%
2019 1.6% 0.0% 26.0% 93.30%

Total Return Ranking - Trailing

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.9% 34.7% 55.20%
1 Yr 4.0% -1.6% 40.8% 70.58%
3 Yr 1.6%* -10.3% 5.2% 3.69%
5 Yr 1.6%* -6.5% 1104.6% 12.20%
10 Yr 1.5%* -0.9% 248.9% 60.51%

* Annualized

Total Return Ranking - Calendar

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -1.3% 41.0% 77.71%
2022 -2.5% -39.7% 1.1% 4.10%
2021 0.2% -4.8% 23761504.0% 83.51%
2020 2.9% -1.5% 17057.9% 77.10%
2019 3.5% 0.2% 3514.6% 89.99%

SMMU - Holdings

Concentration Analysis

SMMU Category Low Category High SMMU % Rank
Net Assets 557 M 3.22 M 71.9 B 44.76%
Number of Holdings 260 4 13418 45.60%
Net Assets in Top 10 103 M -317 M 3.09 B 43.79%
Weighting of Top 10 16.35% 1.8% 100.3% 56.59%

Top 10 Holdings

  1. NEW YORK CITY NY INDL DEV AGY NYCDEV 10/42 ADJUSTABLE VAR 2.70%
  2. NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR 2.43%
  3. HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/41 ADJUSTABLE VAR 1.60%
  4. NEW YORK NY NYC 08/44 ADJUSTABLE VAR 1.58%
  5. NEW YORK CITY NY TRANSITIONAL NYCGEN 08/45 ADJUSTABLE VAR 1.58%
  6. CONNECTICUT ST HLTH EDUCTNL CTSHGR 07/42 ADJUSTABLE VAR 1.58%
  7. ILLINOIS ST ILS 05/30 FIXED OID 5.5 1.34%
  8. TREASURY BILL 10/24 0.00000 1.18%
  9. TREASURY BILL 10/24 0.00000 1.18%
  10. ATLANTA GA URBAN RSDL FIN AUTH ATLMFH 10/42 ADJUSTABLE VAR 1.16%

Asset Allocation

Weighting Return Low Return High SMMU % Rank
Bonds 		103.60% 0.00% 150.86% 4.30%
Stocks 		0.00% 0.00% 99.78% 98.72%
Preferred Stocks 		0.00% 0.00% 0.07% 98.52%
Other 		0.00% -3.69% 53.54% 91.94%
Convertible Bonds 		0.00% 0.00% 0.93% 98.52%
Cash 		0.00% -50.86% 44.62% 98.52%

Bond Sector Breakdown

Weighting Return Low Return High SMMU % Rank
Municipal 		80.38% 44.39% 100.00% 98.65%
Government 		0.29% 0.00% 52.02% 2.56%
Derivative 		0.00% -3.69% 53.54% 92.41%
Cash & Equivalents 		0.00% 0.00% 44.41% 99.66%
Securitized 		0.00% 0.00% 5.93% 98.92%
Corporate 		0.00% 0.00% 9.41% 99.53%

Bond Geographic Breakdown

Weighting Return Low Return High SMMU % Rank
US 		103.60% 0.00% 142.23% 4.30%
Non US 		0.00% 0.00% 23.89% 98.52%

SMMU - Expenses

Operational Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 8.02% 92.41%
Management Fee 0.35% 0.00% 1.20% 30.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 283.00% 75.99%

SMMU - Distributions

Dividend Yield Analysis

SMMU Category Low Category High SMMU % Rank
Dividend Yield 3.35% 0.00% 14.51% 40.87%

Dividend Distribution Analysis

SMMU Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SMMU Category Low Category High SMMU % Rank
Net Income Ratio 0.83% -0.53% 5.33% 91.23%

Capital Gain Distribution Analysis

SMMU Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SMMU - Fund Manager Analysis

Managers

David Hammer

Start Date

Tenure

Tenure Rank

Aug 20, 2015

6.78

6.8%

Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.

Rachel Betton

Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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