PIMCO Short Term Municipal Bond Active ETF

Price: $51.27
Change: $0.04 (-0.0%)
Category: National Munis
Last Updated:


Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Feb 01, 2010
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 is especially true in the case of SMMU since the fund only targets short term munis which have less default risk then their longer-dated counterparts. As a result SMMU is a solid choice for investors seeking broad exposure to the muni market but with lower levels of risk. The fund offers less diversification than most with under 80 total securities while charging one of the higher expense ratios in the Category of 35 basis points. As a result, investors seeking short-term muni bond exposure should probably look beyond this PIMCO fund to any of the other funds in the space which could provide a better cross section of the market at a much more competitive rate.

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 Short-Term
  • Category Government, Local Authority/Municipal
  • Focus Investment Grade
  • Niche Short-Term
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $50.44
  • 52 Week Hi $51.50
  • AUM $549.2 M
  • Shares 10.7 M

Historical Trading Data

  • 1 Month Avg. Volume 73,222
  • 3 Month Avg. Volume 109,438

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $14.2 B 1 M 0.21%
Largest (AUM) MUB 0.07% $23.7 B 1 M 0.16%
Most Liquid (Volume) VTEB 0.06% $14.2 B 1 M 0.21%
Top YTD Performer RTAI 1.91% $20.1 M 6,433 8.37%

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

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SUB 0.07% $6.3 B 363,932 0.07%
Largest (AUM) SUB 0.07% $6.3 B 363,932 0.07%
Most Liquid (Volume) JMST 0.18% $2.2 B 380,615 0.20%
Top YTD Performer BSMN 0.18% $35.8 M 3,984 0.46%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

SMMU ETF Database Category Average FactSet Segment Average
Number of Holdings 343 833 1845
% of Assets in Top 10 17.51% 18.27% 13.60%
% of Assets in Top 15 22.02% 22.34% 17.56%
% of Assets in Top 50 45.15% 40.58% 35.15%

Size Comparison

SMMU 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

SMMU 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

SMMU Dividend

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

SMMU ETF Database Category Average FactSet Segment Average
Dividend $ 0.02 $ 0.05 $ 0.02
Dividend Date 2021-10-01 N/A N/A
Annual Dividend Rate $ 0.37 $ 0.60 $ 0.32
Annual Dividend Yield 0.71% 1.54% 0.76%

SMMU Price and Volume Chart

SMMU Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 5.13 M 3 Month Net Flows: 90.04 M 6 Month Net Flows: 151.76 M 1 Year Net Flows: 300.71 M 3 Year Net Flows: 468.54 M 5 Year Net Flows: 478.53 M 10 Year Net Flows: 513.81 M

SMMU Price vs Flows AUM Influence

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

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SMMU 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 C+ n/a
Expenses C+ n/a

A+ Overall Rated ETF:

SMMU 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

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

SMMU Performance

This section shows how this ETF has performed relative to its peers.

SMMU ETF Database
Category Average
Factset Segment
1 Month Return -0.25% -0.83% -0.18%
3 Month Return -0.29% -1.06% -0.21%
YTD Return 0.13% 0.75% 0.09%
1 Year Return 0.97% 2.53% 0.50%
3 Year Return 7.73% 8.90% 5.89%
5 Year Return 8.89% 6.12% 4.74%

Geographic Exposure

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

Holdings Analysis

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

Asset Percentage
Municipal 86.52%
Other 6.59%
Sovereign 6.54%
Corporate 0.29%
CASH 0.13%
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 86.52%
Other 6.59%
Sovereign 6.54%
Corporate 0.29%
CASH 0.13%

SMMU Technicals

Volatility Analysis

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

5 Day Volatility
46 of 50

20 Day Volatility
47 of 50

50 Day Volatility
49 of 50

200 Day Volatility
47 of 50

14 of 50

Standard Deviation
29 of 47


  • 20 Day MA $51.30
  • 60 Day MA $51.39
  • MACD 15 Period -0.02
  • MACD 100 Period -0.12
  • Williams % Range 10 Day 76.67
  • Williams % Range 20 Day 85.26
  • RSI 10 Day 39
  • RSI 20 Day 40
  • RSI 30 Day 42
  • Ultimate Oscillator 48

Bollinger Bands

  • Lower Bollinger (10 Day) $51.27
  • Upper Bollinger (10 Day) $51.31
  • Lower Bollinger (20 Day) $51.25
  • Upper Bollinger (20 Day) $51.35
  • Lower Bollinger (30 Day) $51.23
  • Upper Bollinger (30 Day) $51.44

Support & Resistance

  • Support Level 1 $51.25
  • Support Level 2 $51.22
  • Resistance Level 1 $51.31
  • Resistance Level 2 $51.34


  • Stochastic Oscillator %D (1 Day) 43.49
  • Stochastic Oscillator %D (5 Day) 47.62
  • Stochastic Oscillator %K (1 Day) 47.08
  • Stochastic Oscillator %K (5 Day) 51.83

Financial Advisor Report

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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.

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