SMMU: PIMCO Short Term Municipal Bond Active Exchange-Traded Fund - MutualFunds.com
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PIMCO Short Term Municipal Bond Actv ETF

SMMU - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $286 M
  • Holdings in Top 10 15.9%

52 WEEK LOW AND HIGH

$51.49
$48.50
$51.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 55.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Short

Compare SMMU to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.85

0.00%

$81.84 B

-

$0.00

-0.07%

-

$11.26

0.00%

$33.32 B

-

$0.00

0.00%

-

$13.63

0.00%

$24.55 B

-

$0.00

0.07%

-

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

$117.10

+0.04%

$20.43 B

-

-

-0.09%

-

SMMU - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    Feb 01, 2010
  • Shares Outstanding
    5560000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Hammer

Fund Description

The fund invests 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. It may only invest in U.S. dollar-denominated investment grade debt securities, rated Baa or higher.


SMMU - Performance

Return Ranking - Trailing

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.9% 1.1% 55.57%
1 Yr 2.8% -1.0% 10.1% 86.52%
3 Yr 2.5%* -0.4% 9.8% 89.48%
5 Yr 1.9%* -0.3% 7.8% 89.71%
10 Yr 1.4%* -0.1% 10.2% 95.67%

* Annualized

Return Ranking - Calendar

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.55%
2019 1.6% -0.3% 15.4% 93.04%
2018 -0.1% -10.3% 97.2% 5.86%
2017 0.9% -100.0% 7.6% 68.15%
2016 -1.7% -7.9% 96.8% 12.07%

Total Return Ranking - Trailing

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.9% 1.1% 55.57%
1 Yr 2.8% -5.0% 10.1% 58.08%
3 Yr 2.5%* -2.4% 9.8% 78.13%
5 Yr 1.9%* -1.4% 7.8% 87.62%
10 Yr 1.4%* -0.1% 10.2% 94.90%

* Annualized

Total Return Ranking - Calendar

Period SMMU Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.55%
2019 1.6% -0.3% 15.4% 93.10%
2018 -0.1% -10.3% 11.0% 9.80%
2017 0.9% -100.0% 7.6% 71.62%
2016 -1.7% -7.9% 3.0% 16.40%

SMMU - Holdings

Concentration Analysis

SMMU Category Low Category High SMMU % Rank
Net Assets 286 M 582 K 81.8 B 59.29%
Number of Holdings 246 3 10805 46.30%
Net Assets in Top 10 45.5 M -199 M 4.13 B 62.52%
Weighting of Top 10 15.91% 2.4% 100.0% 58.34%

Top 10 Holdings

  1. United States Treasury Bills 0% 4.88%
  2. United States Treasury Bills 0% 3.77%
  3. United States Treasury Bills 0% 3.25%
  4. United States Treasury Bills 0% 2.91%
  5. United States Treasury Bills 0% 2.72%
  6. United States Treasury Bills 0% 2.24%
  7. Federal Home Loan Banks 0% 2.08%
  8. United States Treasury Bills 0% 2.01%
  9. PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH REV 0.11% 1.78%
  10. United States Treasury Bills 0% 1.78%

Asset Allocation

Weighting Return Low Return High SMMU % Rank
Bonds
86.99% 15.80% 147.66% 97.18%
Cash
13.00% -47.66% 84.20% 2.83%
Stocks
0.00% 0.00% 1.92% 89.49%
Preferred Stocks
0.00% -0.96% 1.04% 88.47%
Other
0.00% -13.14% 12.83% 88.07%
Convertible Bonds
0.00% 0.00% 1.50% 88.86%

Bond Sector Breakdown

Weighting Return Low Return High SMMU % Rank
Municipal
84.73% 15.02% 100.00% 97.29%
Cash & Equivalents
13.00% 0.00% 84.20% 3.67%
Government
2.26% 0.00% 84.56% 0.96%
Derivative
0.00% 0.00% 0.85% 88.86%
Securitized
0.00% 0.00% 6.51% 89.09%
Corporate
0.00% 0.00% 15.75% 89.77%

Bond Geographic Breakdown

Weighting Return Low Return High SMMU % Rank
US
86.11% 15.80% 141.34% 94.91%
Non US
0.88% 0.00% 28.07% 48.67%

SMMU - Expenses

Operational Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 16.95% 94.12%
Management Fee 0.35% 0.00% 1.10% 27.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

SMMU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 55.00% 0.00% 299.40% 86.66%

SMMU - Distributions

Dividend Yield Analysis

SMMU Category Low Category High SMMU % Rank
Dividend Yield 0.88% 0.00% 2.99% 3.56%

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 1.60% -1.65% 6.48% 85.02%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SMMU - Fund Manager Analysis

Managers

David Hammer


Start Date

Tenure

Tenure Rank

Aug 20, 2015

5.37

5.4%

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

0.99

1.0%

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
0.06 35.78 6.93 0.16