SMMU
PIMCO Short Term Municipal Bond Active ETFSMMU 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
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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SMMU Summary Data
SMMU Portfolio Data
SMMU Index Data
SMMU Portfolio Management
SMMU Tax Exposures
SMMU Fund Structure
SMMU Factset Analytics Block Liquidity
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
SMMU Sector/Industry Breakdown
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SMMU Top 10 Holdings[View All]
SMMU Top 5 Countries
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SMMU Top 5 Currencies
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SMMU Performance Statistics
SMMU Holdings Statistics
SMMU Avg Life Maturity Distribution
SMMU OAS Breakdown
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