PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Frequently Asked Questions About SMMU

What does SMMU invest in?

The Fund seeks attractive tax-exempt income, consistent with preservation of capital.

What is the expense ratio of SMMU?

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is SMMU's dividend yield?

SMMU's trailing-twelve-month yield is 2.87%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SMMU?

Effective duration measures SMMU's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SMMU's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SMMU?

SMMU'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 SMMU?

Yield to maturity (YTM) is the total return you'd earn from SMMU if every bond in the portfolio is held to maturity at the current price. SMMU'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.