# PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pmbs for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2024-09-20 PMBS actively invests in a wide range of mortgage-related securities, aiming to generate consistent returns across market cycles. The portfolio will contain securities of varying maturities, with duration typically will range from 1 to 7 years. Up to 15 percent of the portfolio may be invested in high yield securities or unrated securities. The fund can invest without limitations in derivatives such as options, futures, and swaps. Additionally, up to 20 percent of assets may be allocated to certain complex mortgage-related securities such as interest only, principle only, or inverse floater... ## Key Facts | Metric | Value | |---|---| | Price | $47.07 | | Expense Ratio | 0.71% | | Assets Under Management | $1.35B | | NAV | $47.17 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.93% | | Annual Distribution (TTM) | $2.32 /share | | Distribution Frequency | Monthly | | 52-Week Range | $45.71 – $50.95 | | Beta | 0.11 | ## Latest Distribution - Amount: $0.1800 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-05 ## Frequently Asked Questions ### What does PMBS invest in? PMBS actively invests in a wide range of mortgage-related securities, aiming to generate consistent returns across market cycles. The portfolio will contain securities of varying maturities, with duration typically will range from 1 to 7 years. Up to 15 percent of the portfolio may be invested in high yield securities or unrated securities. The fund can invest without limitations in derivatives such as options, futures, and swaps. Additionally, up to 20 percent of assets may be allocated to certain complex mortgage-related securities such as interest only, principle only, or inverse floaters, and another 10% in equity instruments such as preferred securities. The Fund can also engage in short sales, buy/sell on a when-issued basis, and use various tactical investment techniques to gain market exposure. Prior to the ETF launch, the strategy was available in a mutual fund structure which started in July 1997. The fund brought over $98.2 million at the time of conversion. ### What is the expense ratio of PMBS? PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PMBS's dividend yield? PMBS's trailing-twelve-month yield is 4.93%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PMBS? Effective duration measures PMBS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PMBS's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PMBS? PMBS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PMBS? Yield to maturity (YTM) is the total return you'd earn from PMBS if every bond in the portfolio is held to maturity at the current price. PMBS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PMBS pay a dividend? Yes, PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) distributes dividends to shareholders. The trailing-twelve-month yield is 4.93%. Full dividend history is on this page. ### How often does PMBS pay dividends? PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PMBS's next ex-dividend date? The most recently announced ex-dividend date for PMBS was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PMBS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.71% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PMBS charge its expense ratio? The expense ratio is deducted in tiny daily slices from PMBS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PMBS cost more than a fund like VOO? PMBS is actively managed (current expense ratio 0.71%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PMBS's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PMBS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PMBS (0.71%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pmbs - Distribution history: https://www.dividenddata.com/funds/pmbs/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pmbs/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pmbs/expenses - Peer comparison: https://www.dividenddata.com/funds/pmbs/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.