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ETFs

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

MUNI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 30 2009
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$6,546,030
AUM
$1,000,786,303
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
NEW YORK CITY NY TRANSITIONAL NYCGEN 11/42 ADJUSTABLE VAR
1.98%
n/a
NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/48 ADJUSTABLE VAR
1.98%
n/a
CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR
1.76%
n/a
TREASURY BILL 10/23 0.00000
1.25%
n/a
TOBACCO SETTLEMENT FING CORP R TOBGEN 06/35 FIXED 5
1.10%
n/a
NET OTHER ASSETS
1.09%
n/a
City of N Y (9 % Max) Remarketable Bonds 2018-01.12.47 Fiscal Series D Sub Series D-4
0.99%
n/a
ALLEGHENY CNTY PA HOSP DEV AUT ALLMED 11/47 FLOATING VAR
0.98%
n/a
UNIV HOSPS CLINICS AUTH WI UNVMED 04/48 ADJUSTABLE VAR
0.93%
n/a
MARYLAND ST MDS 06/36 FIXED 5
0.88%
Invest with MUNI

What is MUNI?

The Intermediate Municipal Bond Strategy Fund is an actively managed exchange-traded fund (ETF). Designed to be appropriate for investors seeking tax-exempt income the Fund consists of a diversified portfolio of primarily intermediate duration high credit quality bonds which carry interest income that is exempt from federal tax and in some cases state tax. With this Fund investors will see the names of the bonds owned daily. In addition the Fund will not use options futures or swaps.

ETFs related toMUNI

ETFs correlated to MUNI include SCMB, VTEB, JMUB

MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MUNI is a US Bonds ETF. The Intermediate Municipal Bond Strategy Fund is an actively managed exchange-traded fund (ETF). Designed to be appropriate for investors seeking tax-exempt income the Fund consists of a diversified portfolio of primarily intermediate duration high credit quality bonds which carry interest income that is exempt from federal tax and in some cases state tax. With this Fund investors will see the names of the bonds owned daily. In addition the Fund will not use options futures or swaps.

Yes, MUNI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MUNI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MUNI is -0.0124%. This is the percent change in the value of MUNI over the most recent 1-month period. The 3-month return on MUNI is -0.0229%. This is the percent change in the value of MUNI over the most recent 3-month period.

The standard deviation of MUNI for the past year is 0.0339%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MUNI include SUB, HYD, and NYF.

ETFs correlated to MUNI include SCMB, VTEB, and JMUB.

ETFs that are inversely correlated to MUNI include TTT, TBT, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.