PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Price: $52.26
Change: $0.13 (0.0%)
Category: National Munis
Last Updated:


Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Nov 30, 2009
Index Tracked ACTIVE - No Index

Analyst Report

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This particular fund targets munis that mostly mature between five and ten years from now, giving the fund both a moderate risk and current income profile. As a result MUNI is a solid choice for investors seeking broad exposure to the muni market but with moderate levels of risk. The fund still has solid levels of diversification— holding over 120 securities— and an average expense ratio, making it a decent building block of portfolios. However, investors should be aware that this fund is active and as a result costs a little more than other products, holds fewer securities and could underperform a benchmark. However, the watchful eye of a professional could make this an outperforming fund and could potentially add alpha if the manager selects the right securities.

ETF Database Themes

Category National Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Municipal Bond
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate
Category Government, Local Authority/Municipal
Focus Investment Grade
Niche Intermediate
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $48.16
  • 52 Week Hi $52.30
  • AUM $1,536.0 M
  • Shares 29.5 M

Historical Trading Data

  • 1 Month Avg. Volume 127,419
  • 3 Month Avg. Volume 149,876

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.05% $33.1 B 4 M 0.29%
Largest (AUM) MUB 0.05% $37.5 B 3 M 0.36%
Most Liquid (Volume) VTEB 0.05% $33.1 B 4 M 0.29%
Top YTD Performer RTAI 3.78% $19.7 M 1,292 6.83%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTES 0.07% $465.5 M 28,054 0.36%
Largest (AUM) ITM 0.18% $1.8 B 162,948 -0.46%
Most Liquid (Volume) JMUB 0.18% $1.5 B 177,827 1.12%
Top YTD Performer MNBD 0.50% $32.7 M 881 1.30%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

MUNI ETF Database Category Average FactSet Segment Average
Number of Holdings 427 984 818
% of Assets in Top 10 12.48% 15.97% 12.05%
% of Assets in Top 15 15.96% 19.98% 16.03%
% of Assets in Top 50 35.12% 38.54% 33.99%

Size Comparison

MUNI ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

MUNI Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

MUNI Dividend

This section compares the dividend yield of this ETF to its peers.

MUNI ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.09 $ 0.09
Dividend Date 2024-07-01 N/A N/A
Annual Dividend Rate $ 1.89 $ 1.03 $ 0.97
Annual Dividend Yield 3.63% 3.00% 2.60%

MUNI Price and Volume Charts

View charts featuring MUNI price and volume data.

MUNI Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 30.18 M 1 Month Net Flows: 35.37 M 3 Month Net Flows: 129.76 M 6 Month Net Flows: 166.57 M 1 Year Net Flows: 540.89 M 3 Year Net Flows: 940.01 M 5 Year Net Flows: 1.27 B 10 Year Net Flows: 1.36 B

MUNI Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 37.16 M
1 Month Net AUM Change: 38.32 M
3 Month Net AUM Change: 139.81 M
6 Month Net AUM Change: 150.23 M
1 Year Net AUM Change: 560.13 M
3 Year Net AUM Change: 881.75 M
5 Year Net AUM Change: 1.23 B
10 Year Net AUM Change: 1.33 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for MUNI on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- VTEB
Expenses C+ VTEB

A+ Overall Rated ETF:

MUNI Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

MUNI does not have an ESG score. There are no ESG themes that map to this ETF.

MUNI Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

MUNI ETF Database
Category Average
Factset Segment
1 Month Return 1.08% 1.09% 1.09%
3 Month Return 1.87% 1.89% 1.48%
YTD Return 0.72% 1.01% -0.08%
1 Year Return 4.62% 3.95% 2.62%
3 Year Return -0.23% -0.86% -0.66%
5 Year Return 1.38% 0.69% 0.37%

Geographic Exposure

The following charts reflect the geographic spread of MUNI's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of MUNI's underlying holdings.

Asset Percentage
Municipal 88.18%
Sovereign 7.69%
Asset Backed Security 3.31%
Mortgage Backed Security 0.62%
CASH 0.17%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 88.18%
Sovereign 7.69%
Asset Backed Security 3.31%
Mortgage Backed Security 0.62%
CASH 0.17%

MUNI Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 22.38%
20 Day Volatility 2.89%
50 Day Volatility 2.82%
200 Day Volatility 2.76%
Beta 0.11
Standard Deviation 1.22%
5 Day Volatility
33 of 51

20 Day Volatility
28 of 51

50 Day Volatility
30 of 51

200 Day Volatility
30 of 51

36 of 50

Standard Deviation
6 of 51


  • 20 Day MA $52.05
  • 60 Day MA $51.74
  • MACD 15 Period 0.21
  • MACD 100 Period 0.51
  • Williams % Range 10 Day 7.41
  • Williams % Range 20 Day 7.41
  • RSI 10 Day 68
  • RSI 20 Day 62
  • RSI 30 Day 60
  • Ultimate Oscillator 65

Bollinger Bands

  • Lower Bollinger (10 Day) $51.79
  • Upper Bollinger (10 Day) $52.30
  • Lower Bollinger (20 Day) $51.86
  • Upper Bollinger (20 Day) $52.25
  • Lower Bollinger (30 Day) $51.37
  • Upper Bollinger (30 Day) $52.42

Support & Resistance

  • Support Level 1 $52.23
  • Support Level 2 $52.20
  • Resistance Level 1 $52.30
  • Resistance Level 2 $52.33


  • Stochastic Oscillator %D (1 Day) 48.37
  • Stochastic Oscillator %D (5 Day) 81.83
  • Stochastic Oscillator %K (1 Day) 52.45
  • Stochastic Oscillator %K (5 Day) 73.71


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.02
  • Maximum Premium Discount (%) 0.27
  • Average Spread (%) 1.16
  • Average Spread ($) 1.16

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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