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ETFs

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

SMMU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2010
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$2,318,928
AUM
$541,335,353
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
NEW YORK CITY NY INDL DEV AGY NYCDEV 10/42 ADJUSTABLE VAR
3.16%
n/a
TREASURY BILL 10/23 0.00000
2.38%
n/a
TREASURY BILL 10/23 0.00000
2.36%
n/a
TREASURY BILL 09/23 0.00000
2.12%
n/a
CONNECTICUT ST HLTH EDUCTNL CTSHGR 07/42 ADJUSTABLE VAR
1.85%
n/a
ILLINOIS ST ILS 03/26 FIXED 5
1.47%
n/a
NEW YORK CITY NY HSG DEV CORP NYCMFH 05/61 ADJUSTABLE VAR
1.39%
n/a
NEW JERSEY ST ECON DEV AUTH RE NJSDEV 09/24 FIXED 5.25
1.31%
n/a
NEW YORK NY NYC 04/42 ADJUSTABLE VAR
1.16%
n/a
MASSACHUSETTS ST SPL OBLG DEDI MASGEN 01/34 FIXED 5.5
1.06%
Invest with SMMU

What is SMMU?

The Short Term 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 short 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 toSMMU

ETFs correlated to SMMU include VTEB, JMUB, SCMB

SMMU
Pimco Exchange Traded Fund - PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni 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

SMMU is a US Bonds ETF. The Short Term 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 short 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, SMMU 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, SMMU 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 SMMU is -0.0016%. This is the percent change in the value of SMMU over the most recent 1-month period. The 3-month return on SMMU is -0.0022%. This is the percent change in the value of SMMU over the most recent 3-month period.

The standard deviation of SMMU for the past year is 0.0178%. 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 SMMU include SUB, HYD, and CMF.

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

ETFs that are inversely correlated to SMMU include TBX, TTT, and TBF.

Disclaimers

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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.