SMMUPIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Get income Stay safe16y track recordRanked #20 of 340 in this goal

Seeks attractive tax-exempt income, consistent with preservation of capital.

By PIMCO · Launched 2010

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$1.1B

#1,051 of 5,562 · large

Dividend YieldGoal

2.81%

Track Record

16 years

#747 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,326+3.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 12.8% of fund✓ well diversified

NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY

1.8%

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY

1.6%

UNITED STATES GOVT

1.5%

FORT BEND INDEPENDENT SCHOOL DISTRICT

1.5%

MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY

1.3%

HARRIS CNTY TEX CULTURAL ED

1.0%

NEW YORK CITY OF

1.0%

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY

1.0%

NEW YORK CITY OF

1.0%

THE DEVELOPMENT AUTHORITY OF BURKE COUNTY

1.0%

Asset allocation

Bonds

94.8%

Cash

5.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.0%Low

Year-on-year price swings

Max drawdown

-5.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.02Below average

Sortino (3Y)

-0.02Moderate downside risk

Bond profile

Duration

4.0 years

Avg maturity

10.3 years

Credit ratings

US Government

9.0%

AAA

17.4%

61.1%

17.9%

BBB

3.6%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks attractive tax-exempt income, consistent with preservation of capital.
Strategy: Invests primarily in a diversified portfolio of Municipal Bonds exempt from federal income tax, rated Baa or higher, or determined to be of comparable quality. May invest 25% or more in bonds financing similar projects and in industrial development bonds. Average portfolio duration is not expected to exceed three years. Focuses on bonds with attractive current yields or competitive market prices. May use derivatives and purchase securities on a when-issued or forward commitment basis.
Inception date: February 1, 2010
Fund family: PIMCO