PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
$50.23+0.01 (+0.02%)
- 0.35%
- $1.2B
- +2.5%
- 2.86%
- 165K sh
- low $49.23high $50.90
The ETF.net SMMU Grade
B
Score 58 out of 100
- 18 of 28
Score 58 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.F11 out of 100Rank 24 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 8 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 5 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 10 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 6 of 28
Our read on SMMU
In short
BPIMCO's muni desk running short-maturity bonds in an ETF wrapper since 2010. No index to hug: about 300 positions picked by hand, with interest intended to come out exempt from federal income tax and cash paid monthly.
Stated mandate
The Fund seeks maximum total return while preserving capital through prudent investment practices.
Why people hold it
Worth knowing
SMMU Holdings
- Bonds
- 381
- 14%
- Chicago Il Chi 01/38 Fixed Oid 6 6.00% 01/01/2038
Geography
- United States99.01%
- Puerto Rico0.99%
SMMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SMMU$10,253
Returns run to the Oct 30, 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 | SMMU |
|---|---|
| Year to date | +2.0% |
| 1 month | +2.1% |
| 3 months | +0.8% |
| 1 year | +2.5% |
| 3 years | +4.0% |
| 5 years | +2.1% |
| 10 years | +1.9% |
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 | SMMU |
|---|---|---|
| 2026 YTD | +2.0% | |
| 2025 | +4.1% | |
| 2024 | +2.7% | |
| 2023 | +4.4% | |
| 2022 | −2.4% | |
| 2021 | +0.2% | |
| 2020 | +2.9% |
SMMU in the news
SMMU Dividends
- 2.86%
- $1.44
- $0.12 per share
- Monthly
SMMU Risk
- 2.3%
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.
- −0.24
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.
- −4.5%
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.
- 0.29
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SMMU Cost
Overpaying vs VTES, tied cheapest in Short-Duration Municipal Bonds
$6,066
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SMMU 0.35%
$7,126
VTES 0.05% Tied cheapest
$1,060
Cost over time
Year by year
| Year | SMMU | VTES | Overpaying |
|---|---|---|---|
| 10 | $634 | $92 | $542 |
| 20 | $2,454 | $360 | $2,094 |
| 30 | $7,126 | $1,060 | $6,066 |
Other funds in Short-Duration Municipal Bonds
- BTAFIAB Tax-Aware Short Duration Municipal ETFExpense ratio 0.27%1 year return +1.8%
- BAUSMAllspring Ultra Short Municipal ETFExpense ratio 0.19%1 year return +2.4%
- BAMUNabrdn Ultra Short Municipal Income Active ETFExpense ratio 0.25%1 year return +2.7%
- BFUMBFirst Trust Ultra Short Duration Municipal ETFExpense ratio 0.45%1 year return +2.6%
- CMMSDNYLI MacKay Muni Short Duration ETFExpense ratio 0.25%1 year return +2.3%
