PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Feb 3, 2010
- CIK
- 0001450011
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) is an actively managed exchange-traded fund that seeks tax-exempt income through a diversified portfolio of primarily short-duration, high credit quality municipal bonds issued by or on behalf of U.S. states, local governments, agencies, authorities, and instrumentalities; these bonds generally feature dollar-weighted average portfolio maturities of not more than three years and effective durations around 2.34 years, with holdings including top positions such as New York City Industrial Development Agency revenue bonds, New York City Municipal Water Finance Authority water and sewer system revenue bonds, and U.S. Treasury Bills for liquidity. The fund targets federally tax-exempt interest income, often exempt from state taxes as well, and may allocate 25% or more of assets to municipal bonds financing education, health care, housing, transportation, utilities, or industrial development projects, while benchmarking against the Bloomberg 1-Year Municipal Bond Index; it emphasizes PIMCO's credit expertise to potentially avoid losses in unmanaged index ETFs, manage capital gains actively, and provide daily bond holdings transparency. Launched on February 1, 2010, as part of PIMCO ETF Trust, a Delaware statutory trust established in 2008 and domiciled in the United States with principal operations advised by Pacific Investment Management Company LLC (PIMCO) at its headquarters in Newport Beach, California, SMMU operates within the municipal bond segment serving tax-sensitive investors seeking preservation of capital alongside income. Recent developments include sustained asset growth to approximately $946 million with 17.94 million shares outstanding and a 2.85% dividend yield as of late 2025, alongside regular monthly dividends such as $0.12 declared in June 2025; while SMMU itself saw no direct mergers or launches, PIMCO completed reorganizations of six municipal income closed-end funds on August 1, 2025, streamlining offerings by merging assets into acquiring funds like PIMCO Municipal Income Fund (PMF), and announced a new partnership with Aditum Investment Management in June 2025 to launch UAE-domiciled feeder funds accessing PIMCO strategies for Middle East wealth investors. PIMCO, a subsidiary of Allianz SE and the world's largest active ETF manager, continues expanding its ETF lineup with launches such as two UCITS fixed income ETFs in December 2025 and emphasizing active municipal strategies amid surging AUM in muni bond ETFs since 2021.