PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
$50.01+0.12 (+0.24%)
- 0.35%
- $3.1B
- −1.6%
- 3.45%
- 0.6M sh
- $49.78
- low $49.29high $53.37
The ETF.net MUNI Grade
B
Score 67 out of 100
- 8 of 20
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 11 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 14 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A89 out of 100Rank 1 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 3 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A92 out of 100Rank 1 of 20
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
- 717
- 12%
- Fed Home Ln Discount Nt Discount Not 10/26 0.00000 3.80% 10/13/2026
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.
MUNI$9,842
Returns run to the Oct 12, 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 | −2.4% |
| 1 month | −1.3% |
| 3 months | −3.8% |
| 1 year | −1.6% |
| 3 years | +3.3% |
| 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 | −2.4% | |
| 2025 | +4.7% | |
| 2024 | +1.4% | |
| 2023 | +6.1% | |
| 2022 | −6.6% | |
| 2021 | +0.7% | |
| 2020 | +4.8% |
MUNI in the news
MUNI Dividends
- 3.45%
- $1.72
- $0.14 per share
- Monthly
Distribution history
MUNI Risk
- 4.9%
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.
- −0.27
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.
- −10.6%
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
0.35%
MUNI0.35%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
9 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- ATAXET. Rowe Price Intermediate Municipal Income ETFExpense ratio 0.24%1 year return −0.8%
- BTAFMAlliance Bernstein - AB Tax-Aware Intermediate Municipal ETFExpense ratio 0.28%1 year return −2.3%
- BNYMAB Active ETFs Inc. - AB New York Intermediate Municipal ETFExpense ratio 0.27%1 year return —
- BBKMIBNY Mellon Municipal Intermediate ETFExpense ratio 0.35%1 year return —
- BMMITNYLI MacKay Muni Intermediate ETFExpense ratio 0.40%1 year return −1.6%