SMMU

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

$50.41

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) seeks to provide current income that is exempt from federal income tax, while preserving capital.

Overview

ETF tracking PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Category Municipal Bonds

Issuer Other

Inception Date 2010-02-02

Market Cap $952.8M

Average Volume N/A

Dividend Yield 2.34%

52-Week Range $49.18 - $50.73

VWAP $50.44

Performance

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Investment Summary

📎 Investment Objective

The PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) seeks to provide current income that is exempt from federal income tax, while preserving capital.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of municipal bonds with short-term maturities. The portfolio manager actively manages the fund, selecting securities based on their potential to provide tax-exempt income and capital appreciation.

✨ Key Features

Focuses on municipal bonds with short-term maturities, typically 1-5 years
Actively managed portfolio to optimize tax-exempt income and capital preservation
Seeks to provide a low-risk, tax-efficient investment option for investors
Relatively low expense ratio compared to many actively managed municipal bond funds

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the municipal bond issuers
Liquidity risk: Certain municipal bonds may be less liquid, which can impact the fund's ability to sell them
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

SMMU may be suitable for investors seeking a low-risk, tax-efficient investment option for their fixed income allocation. It is particularly well-suited for investors in higher tax brackets who are looking to generate tax-exempt income while preserving capital.