SMMU

PIMCO Short Term Municipal Bond Active ETF
B

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*Unless otherwise stated, data provided by FactSet.

SMMU Fund Description

SMMU is an actively managed fund that provides tax-exempt income by investing in high-credit-quality short-term municipal bonds.

SMMU Factset Analytics Insight

SMMU is the only actively managed fund in the segment. It seeks to hold a broad array of short-term, investment-grade municipal bonds with a weighted average maturity of no more than 3 years. The fund tilts heavily toward the shorter end of the yield curve, with over 50% of the holdings in the 0-3 year maturity bucket. This tilt significantly lowers SMMU’s weighted average maturity and effective duration, thus giving the fund less interest-rate risk. This overwhelms the fund's heightened credit risk and dampens its yield. Investors pay extra for the fund’s active management—SMMU’s 35 bp expense ratio is the highest in the segment while SMMU’s spreads add to the cost.

SMMU CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMMU 0.68% 1.52% 3.26% 3.94% 1.83% 1.46% --
SMMU (NAV) 0.60% 1.42% 3.15% 3.77% 1.65% 1.42% --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays AMT-Free Short Continuous Municipal Index 1.00% 2.29% 4.60% 5.42% 2.00% 2.01% 2.55%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMMU Summary Data

Allianz
PIMCO
02/01/10
Open-Ended Fund
0.35%
$102.09M
$362.63K
0.10%

SMMU Portfolio Data

1.93
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1.72%
07/01/19
16

SMMU Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays AMT-Free Short Continuous Municipal Index

SMMU Portfolio Management

0.35%
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SMMU Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SMMU Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SMMU Factset Analytics Block Liquidity

As of 08/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SMMU. SMMU is rated a N/A out of 5.

SMMU Tradability

7,162
$362.63K
6,008
$303.33K
0.10%
$0.05
0.06%
0.40% / -0.36%
None
100.00%
50,000
0.12
0.02%
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$50.79
N/A

SMMU Sector/Industry Breakdown


SMMU
Segment Benchmark
86.01%
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13.99%
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SMMU Top 10 Holdings[View All]

3.28%
1.14%
0.98%
0.97%
0.97%
0.97%
0.80%
0.74%
0.74%
0.73%
11.32%

SMMU Top 5 Countries


SMMU
Segment Benchmark
100.00%
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SMMU Top 5 Currencies


SMMU
Segment Benchmark
100.00%
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SMMU Performance Statistics

0.57
0.45
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SMMU HOLDINGS STATISTICS

2.36 years
1.93
1.72%
2.19
Low
16
0.38%

SMMU AVG LIFE MATURITY DISTRIBUTION

30.11%
16.78%
17.61%
9.13%
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SMMU OAS BREAKDOWN

2.40%
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