PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
$50.09−0.43 (−0.86%)
- Expense ratio
- 0.35%
- Fund size
- $3.1B
- 1Y return
- −0.2%
- Yield · Last 12 months
- 3.40%
- Holdings
- 446
- Volume · 30D
- 0.4M sh
- NAV per share
- $50.52
- 52W range
The ETF.net MUNI Grade
Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 37Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 99Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 91Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 92Category rank
Our read on MUNI
BActive muni investing in an ETF shell, running since 2009. PIMCO's bond desk hand-picks roughly 400 intermediate tax-exempt bonds and pays out monthly, instead of copying a muni index.
The Fund seeks tax-exempt income while preserving capital. It normally invests at least 80% of its assets in a diversified portfolio of debt securities whose interest is federally tax-exempt as determined by the issuer’s bond counsel.
Why people hold it
- Actively run rather than index-tracking: PIMCO's desk picks the bonds, with at least 80% of assets committed to debt whose interest is federally tax-exempt.
- Trading since 2009, which makes it one of the veterans of the active bond ETF shelf, and it now carries billions in assets.
- Income arrives monthly, drawn from roughly 400 bonds rather than a few large issues.
- One of the stronger showings in a crowded muni field, and it stays tight to the mandate written in its prospectus.
Worth knowing
- The 0.35% fee sits above the muni cohort median of 0.30%, and index rivals like VTEB and SCMB charge 0.03%. Active management is what you are paying up for.
- The tax break is federal. State and local treatment depends on where you live and what the fund holds.
- No index to anchor it: outcomes track manager decisions, and intermediate-maturity bonds still move with rates.
MUNI Holdings
- Bonds
- 446
- 9%
- ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5 5.00% 10/01/2032
Geography
- United States100.00%
MUNI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUNI |
|---|---|
| Year to date | −1.5% |
| 1 month | −2.1% |
| 3 months | −3.0% |
| 1 year | −0.2% |
| 3 years | +3.4% |
| 5 years | +0.6% |
| 10 years | +1.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUNI |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +4.7% | |
| 2024 | +1.4% | |
| 2023 | +6.1% | |
| 2022 | −6.6% | |
| 2021 | +0.7% | |
| 2020 | +4.8% |
MUNI in the news
ETF.net Research hasn’t filed on MUNI yet — coverage lands here as it’s written.
MUNI Dividends
- 3.40%
- $1.72
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.13 |
| Aug 3, 2026 | Aug 5, 2026 | $0.15 |
| Jul 1, 2026 | Jul 6, 2026 | $0.15 |
| Jun 1, 2026 | Jun 3, 2026 | $0.15 |
| May 1, 2026 | May 5, 2026 | $0.14 |
| Apr 1, 2026 | Apr 3, 2026 | $0.14 |
| Mar 2, 2026 | Mar 4, 2026 | $0.14 |
| Feb 2, 2026 | Feb 4, 2026 | $0.14 |
| Dec 31, 2025 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 3, 2025 | $0.13 |
| Nov 3, 2025 | Nov 5, 2025 | $0.16 |
| Oct 1, 2025 | Oct 3, 2025 | $0.14 |
MUNI Risk
- 4.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.18
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUNI Cost
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
9 of the 19 Intermediate Municipal Bonds funds charge less.