ATLASPIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU): outlook, holdings and fees
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) is an exchange-traded fund and is managed by PIMCO. The expense ratio is 0.34% and the yield is 2.77%. The ten largest holdings are 6% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SMMU
| Last price | $50.24 (-0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $49.57 – $51.46 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 2.77% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SMMU fund facts
| Issuer | PIMCO |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $1.2B |
| Expense ratio | 0.34% |
| Number of holdings | 4 |
| Portfolio turnover | 66% |
| Inception | Feb 1, 2010 |
| Exchange | NYSE |
The fund invests at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities. It may only invest in U.S. dollar-denominated investment grade debt securities, rated Baa or higher.
SMMU top holdings
| Holding | Sector | Weight |
|---|---|---|
| Federal Home Loan Banks 0% | – | 2.02% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | – | 1.94% |
| CALIFORNIA HEALTH FACS FING AUTH REV 3% | – | 1.17% |
| United States Treasury Bills 0% | – | 1.19% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SMMU returns and risk
| Year to date | +0.6% |
|---|---|
| 1 year | +1.2% |
| 3 years (annualised) | +3.4% |
| 5 years (annualised) | +1.7% |
| 10 years (annualised) | +1.8% |
| Volatility (3 years) | 1.9% |
| Sharpe ratio (3 years) | -0.71 |
Past returns do not guarantee future results.
SMMU: frequently asked questions
What does SMMU invest in?
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund invests in a portfolio of securities. Its largest holdings are Federal Home Loan Banks 0% (2.0%), NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% (1.9%), CALIFORNIA HEALTH FACS FING AUTH REV 3% (1.2%), United States Treasury Bills 0% (1.2%).
What is the SMMU expense ratio?
0.34% a year: about $34.00 for every $10,000 invested.
What is the SMMU dividend yield?
2.77%. ATLAS does not hold the exact distribution dates for ETFs.
Will SMMU go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $49.57 to $51.46 from $50.24 today. It is a probability, not a prediction.
How has SMMU performed?
Year to date +0.6%, one year +1.2%, three years +3.4% a year, five years +1.7% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer