---
ticker: "SMMU"
name: "PIMCO Short Term Municipal Bond Active Exchange-Traded Fund"
url: "https://etf.net/etf/SMMU"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "20 of 28"
methodology: "https://etf.net/methodology"
---

# SMMU: PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Grade **B**, Score 56 of 100. Rank 20 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 7 | 25 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 55 | 9 of 27 |
| Tradability | 77 | 3 of 28 |
| Holdings | 53 | 16 of 28 |
| Durability | 79 | 6 of 28 |

## Top holdings

The fund holds 370 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Chicago Il Chi 01/38 Fixed Oid 6 6.00% 01/01/2038 | 2.44% |
| 2 | — | United States Treasury Bill 02/27 0 0.01% 02/02/2027 | 2.03% |
| 3 | — | Connecticut St Hlth Eductnl Ctshgr 07/57 Adjustable Var 1.25% 07/01/2057 | 1.64% |
| 4 | — | Southeast Energy Authority A C Seepwr 10/30 Fixed 5 5.00% 10/01/2030 | 1.59% |
| 5 | — | Alabama St Toll Road Bridge Atrtrn 10/32 Fixed 5 5.00% 10/01/2032 | 1.49% |
| 6 | — | Tarrant Cnty Tx Cultural Edu F Taredu 07/32 Fixed 5 5.00% 07/01/2032 | 1.29% |
| 7 | — | New York City Ny Muni Wtr Fin Nycutl 06/50 Adjustable Var 1.40% 06/15/2050 | 1.26% |
| 8 | — | Tarrant Cnty Tx Cultural Edu F Taredu 11/63 Adjustable Var 1.25% 11/15/2063 | 1.15% |
| 9 | — | Fort Bend Tx Indep Sch Dist Forscd 08/55 Adjustable Var 3.80% 08/01/2055 | 1.13% |
| 10 | — | Ohio St Wtr Dev Auth Wtr Poll Ohspol 12/28 Fixed 5 5.00% 12/01/2028 | 1.08% |
| 11 | — | Miami Dade Cnty Fl Hsg Fin Aut Miamfh 02/44 Adjustable Var 3.25% 02/01/2044 | 1.00% |
| 12 | — | Connecticut St Hlth Eductnl Ctshgr 07/42 Adjustable Var 1.25% 07/01/2042 | 0.98% |
| 13 | — | Massachusetts St Dev Fin Agy R Masdev 07/61 Adjustable Var 1.25% 07/01/2061 | 0.90% |
| 14 | — | Oklahoma City Ok Public Ppty A Okcgen 06/31 Fixed 5 5.00% 06/01/2031 | 0.87% |
| 15 | — | Main Street Energy Inc Energy Msepwr 09/34 Fixed 5 5.00% 09/01/2034 | 0.84% |
| 16 | — | California St Cas 08/32 Fixed 5 5.00% 08/01/2032 | 0.83% |
| 17 | — | Harris Cnty Tx Cultural Edu Fa Haredu 10/41 Adjustable Var 1.40% 10/01/2041 | 0.83% |
| 18 | — | Burke Cnty Ga Dev Auth Poll Co Burpol 11/52 Adjustable Var 1.40% 11/01/2052 | 0.82% |
| 19 | — | New York Ny Nyc 10/46 Adjustable Var 1.30% 10/01/2046 | 0.82% |
| 20 | — | Michigan St Hsg Dev Auth Sf Mt Mishsg 06/56 Fixed 6 6.00% 06/01/2056 | 0.79% |
| 21 | — | North Carolina St Med Care Com Ncsmed 08/35 Fixed 5 5.00% 08/01/2035 | 0.77% |
| 22 | — | Black Belt Energy Gas Dist Al Bbeutl 04/53 Adjustable Var 4.00% 04/01/2053 | 0.71% |
| 23 | — | Texas St Muni Gas Acquisition Txsutl 04/36 Fixed 5 5.00% 04/01/2036 | 0.71% |
| 24 | — | Illinois St Fin Auth Revenue Ilsgen 02/28 Fixed 5 5.00% 02/15/2028 | 0.71% |
| 25 | — | New York City Ny Muni Wtr Fin Nycutl 06/41 Adjustable Var 1.30% 06/15/2041 | 0.70% |
| 26 | — | Missouri St Hsg Dev Commission Mossfh 05/56 Fixed 6.25 6.25% 05/01/2056 | 0.70% |
| 27 | — | California Cmnty Choice Fing A Ccedev 05/53 Adjustable Var 4.00% 05/01/2053 | 0.69% |
| 28 | — | East Bay Ca Muni Utility Dist Ebywtr 06/28 Fixed 5 5.00% 06/01/2028 | 0.68% |
| 29 | — | Colorado St Hlth Facs Auth Rev Cosmed 11/30 Fixed 5 5.00% 11/15/2030 | 0.67% |
| 30 | — | Dist of Columbia Income Tax SE Disgen 06/27 Fixed 5 5.00% 06/01/2027 | 0.66% |

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