---
ticker: "PMBS"
name: "PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund"
url: "https://etf.net/etf/PMBS"
grade: "D"
score: 32
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "20 of 25"
methodology: "https://etf.net/methodology"
---

# PMBS: PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

Grade **D**, Score 32 of 100. Rank 20 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 4 | 24 of 25 |
| Mission | 53 | 8 of 20 |
| Risk | 29 | 23 of 25 |
| Tradability | 58 | 11 of 25 |
| Holdings | 24 | 24 of 25 |
| Durability | 50 | 15 of 25 |

## Top holdings

The fund holds 1227 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Fnma Tba 30 Yr 5 Single Family Mortgage 5.00% 12/10/2056 | 11.08% |
| 2 | — | Fnma Tba 30 Yr 6 Single Family Mortgage 6.00% 11/12/2056 | 10.01% |
| 3 | — | Fnma Tba 30 Yr 3 Single Family Mortgage 3.00% 11/12/2056 | 6.57% |
| 4 | — | Fnma Tba 30 Yr 6 Single Family Mortgage 6.00% 12/15/2054 | 6.47% |
| 5 | — | Fnma Tba 30 Yr 2.5 Single Family Mortgage 2.50% 11/12/2056 | 6.01% |
| 6 | — | Fnma Tba 30 Yr 4.5 Single Family Mortgage 4.50% 11/12/2056 | 5.14% |
| 7 | — | Gnma Ii Tba 30 Yr 5.5 Jumbos 5.50% 11/19/2056 | 4.37% |
| 8 | — | Fnma Tba 30 Yr 2 Single Family Mortgage 2.00% 11/12/2056 | 3.75% |
| 9 | — | Gnma Ii Pool MB0742 G2 11/55 Fixed 3.5 3.50% 11/20/2055 | 3.42% |
| 10 | — | Fed Hm Ln Pc Pool RJ6011 Fr 03/56 Fixed 5 5.00% 03/01/2056 | 3.28% |
| 11 | — | Paribas Repo 3.90% 10/13/2026 | 3.21% |
| 12 | — | Gnma Ii Tba 30 Yr 2.5 Jumbos 2.50% 10/20/2056 | 2.82% |
| 13 | — | Fnma Tba 15 Yr 5.5 Single Family Mortgage 5.50% 11/15/2039 | 2.53% |
| 14 | — | Gnma Ii Pool MB0874 G2 01/56 Fixed 6.5 6.50% 01/20/2056 | 2.50% |
| 15 | — | Fnma Tba 15 Yr 6 Single Family Mortgage 6.00% 12/15/2039 | 2.48% |
| 16 | — | Fnma Tba 30 Yr 5 Single Family Mortgage 5.00% 11/12/2056 | 2.29% |
| 17 | — | Gnma Ii Tba 30 Yr 2 Jumbos 2.00% 11/19/2056 | 1.95% |
| 18 | — | Fed Hm Ln Pc Pool SD6477 Fr 09/54 Fixed 5.5 5.50% 09/01/2054 | 1.73% |
| 19 | — | Deutsche Bank Repo Repo 3.92% 10/14/2026 | 1.73% |
| 20 | — | Gnma Ii Tba 30 Yr 4 Jumbos 4.00% 10/20/2056 | 1.73% |
| 21 | — | Fnma Tba 15 Yr 5 Single Family Mortgage 5.00% 11/15/2039 | 1.72% |
| 22 | — | Freddie Mac Fhr 5648 Cf 4.69% 03/25/2055 | 1.63% |
| 23 | — | Gnma Ii Tba 30 Yr 6 Jumbos 6.00% 11/19/2056 | 1.58% |
| 24 | — | Freddie Mac Fhr 5565 Fb 4.64% 08/25/2055 | 1.33% |
| 25 | — | Fnma Tba 30 Yr 6.5 Single Family Mortgage 6.50% 12/15/2054 | 1.32% |
| 26 | — | Fed Hm Ln Pc Pool QJ8794 Fr 11/54 Fixed 5 5.00% 11/01/2054 | 1.29% |
| 27 | — | Gnma Ii Pool MB1340 G2 08/56 Fixed 3.5 3.50% 08/20/2056 | 1.27% |
| 28 | — | Gnma Ii Pool MB1281 G2 07/56 Fixed 3.5 3.50% 07/20/2056 | 1.22% |
| 29 | — | Fed Hm Ln Pc Pool QX7601 Fr 02/55 Fixed 5 5.00% 02/01/2055 | 1.21% |
| 30 | — | Government National Mortgage A Gnr 2025 116 Qf 5.00% 07/20/2055 | 1.20% |

Source: etf.net, https://etf.net/etf/PMBS. Please cite the page URL.