PIMCO Short Term Municipal Bond Active ETF

Price: $49.78
Change: $0.08 (-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 $47.86
  • 52 Week Hi $49.89
  • AUM $578.0 M
  • Shares 11.6 M

Historical Trading Data

  • 1 Month Avg. Volume 42,730
  • 3 Month Avg. Volume 44,519

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.05% $33.2 B 4 M -0.85%
Largest (AUM) MUB 0.05% $37.7 B 3 M -0.70%
Most Liquid (Volume) VTEB 0.05% $33.2 B 4 M -0.85%
Top YTD Performer FMHI 0.70% $611.7 M 61,953 2.31%

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 SMB 0.07% $255.9 M 69,359 0.14%
Largest (AUM) SUB 0.07% $8.7 B 369,538 -0.10%
Most Liquid (Volume) SUB 0.07% $8.7 B 369,538 -0.10%
Top YTD Performer MEAR 0.25% $620.5 M 83,002 1.33%

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 266 987 882
% of Assets in Top 10 13.57% 15.47% 13.12%
% of Assets in Top 15 18.31% 19.52% 17.54%
% of Assets in Top 50 44.28% 38.24% 39.29%

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 $ 0.13 $ 0.09 $ 0.09
Dividend Date 2024-05-01 N/A N/A
Annual Dividend Rate $ 1.49 $ 0.96 $ 0.90
Annual Dividend Yield 2.98% 2.81% 2.33%

SMMU Price and Volume Charts

View charts featuring SMMU price and volume data.

SMMU Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 2.99 M 1 Month Net Flows: 9.95 M 3 Month Net Flows: 23.91 M 6 Month Net Flows: 30.79 M 1 Year Net Flows: 55.56 M 3 Year Net Flows: 165.02 M 5 Year Net Flows: 502.68 M 10 Year Net Flows: 515.09 M

SMMU 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: 4.45 M
1 Month Net AUM Change: 10.88 M
3 Month Net AUM Change: 25.8 M
6 Month Net AUM Change: 36.38 M
1 Year Net AUM Change: 57.8 M
3 Year Net AUM Change: 148.49 M
5 Year Net AUM Change: 489.52 M
10 Year Net AUM Change: 501.85 M

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 B+ VTEB
Expenses C+ VTEB

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. Returns over 1 year are annualized.

SMMU ETF Database
Category Average
Factset Segment
1 Month Return 0.46% 0.76% 0.40%
3 Month Return 0.28% 0.25% 0.29%
YTD Return 0.50% 0.00% 0.20%
1 Year Return 3.62% 3.64% 2.56%
3 Year Return 0.78% -0.82% -0.02%
5 Year Return 1.42% 0.72% 0.62%

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 97.25%
Sovereign 1.67%
Other 0.95%
CASH 0.09%
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 97.25%
Sovereign 1.67%
Other 0.95%
CASH 0.09%

SMMU Technicals

Volatility Analysis

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

5 Day Volatility 1.77%
20 Day Volatility 1.39%
50 Day Volatility 1.66%
200 Day Volatility 1.72%
Beta 0.04
Standard Deviation 0.71%
5 Day Volatility
51 of 51

20 Day Volatility
43 of 51

50 Day Volatility
39 of 51

200 Day Volatility
43 of 51

47 of 50

Standard Deviation
20 of 51


  • 20 Day MA $49.71
  • 60 Day MA $49.70
  • MACD 15 Period 0.03
  • MACD 100 Period 0.14
  • Williams % Range 10 Day 52.38
  • Williams % Range 20 Day 31.66
  • RSI 10 Day 55
  • RSI 20 Day 55
  • RSI 30 Day 55
  • Ultimate Oscillator 59

Bollinger Bands

  • Lower Bollinger (10 Day) $49.72
  • Upper Bollinger (10 Day) $49.89
  • Lower Bollinger (20 Day) $49.50
  • Upper Bollinger (20 Day) $49.92
  • Lower Bollinger (30 Day) $49.46
  • Upper Bollinger (30 Day) $49.88

Support & Resistance

  • Support Level 1 $49.74
  • Support Level 2 $49.70
  • Resistance Level 1 $49.85
  • Resistance Level 2 $49.91


  • Stochastic Oscillator %D (1 Day) 54.37
  • Stochastic Oscillator %D (5 Day) 57.21
  • Stochastic Oscillator %K (1 Day) 64.92
  • Stochastic Oscillator %K (5 Day) 73.07


  • 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 (%) 0.22
  • Average Spread (%) 6.53
  • Average Spread ($) 6.53

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

ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.

Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.

Have Questions? Contact Us.

Powered By:


Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.


Copyright © 2024 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at
© 2024 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.

Content continues below advertisement