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Trending ETFs

Name

As of 02/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$52.46

$1 B

3.27%

$1.72

0.35%

Vitals

YTD Return

-0.4%

1 yr return

5.2%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.9%

Net Assets

$1 B

Holdings in Top 10

12.7%

52 WEEK LOW AND HIGH

$52.5
$49.45
$53.02

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 02/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$52.46

$1 B

3.27%

$1.72

0.35%

MUNI - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Dec 02, 2009
  • Shares Outstanding
    15770000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Hammer

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances 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.The Fund does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax. The Fund may only invest in U.S. dollar-denominated investment grade debt securities, rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by Pacific Investment Management Company LLC (“PIMCO”) to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest 25% or more of its total assets in Municipal Bonds that finance similar projects, such as those relating to education, health care, housing, transportation, and utilities, and 25% or more of its total assets in industrial development bonds. The average portfolio duration of this Fund normally varies within (negative) 2 years to positive 4 years of the portfolio duration of the securities comprising the Bloomberg 1-15 Year Municipal Bond Index, as calculated by PIMCO, which, as of September 30, 2023, was 4.95 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The portfolio manager focuses on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
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MUNI - Performance

Return Ranking - Trailing

Period MUNI Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -2.2% 8.0% 75.63%
1 Yr 5.2% -0.8% 37.6% 33.23%
3 Yr -0.1%* -10.3% 2.7% 17.12%
5 Yr 1.9%* -4.9% 1103.5% 10.66%
10 Yr 2.3%* -0.2% 248.2% 34.68%

* Annualized

Return Ranking - Calendar

Period MUNI Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.4% 41.0% 49.68%
2022 -8.6% -40.2% 0.3% 24.12%
2021 -0.9% -5.6% 6.9% 72.57%
2020 2.8% -2.6% 310.0% 9.43%
2019 4.5% 0.0% 26.0% 26.19%

Total Return Ranking - Trailing

Period MUNI Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -2.2% 8.0% 75.63%
1 Yr 5.2% -0.8% 37.6% 33.23%
3 Yr -0.1%* -10.3% 2.7% 17.12%
5 Yr 1.9%* -4.9% 1103.5% 10.66%
10 Yr 2.3%* -0.2% 248.2% 34.68%

* Annualized

Total Return Ranking - Calendar

Period MUNI Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -1.3% 41.0% 39.63%
2022 -6.6% -40.2% 1.1% 23.53%
2021 0.7% -4.8% 23761504.0% 72.63%
2020 4.8% -1.5% 17057.9% 18.94%
2019 7.1% 0.2% 3514.6% 33.45%

MUNI - Holdings

Concentration Analysis

MUNI Category Low Category High MUNI % Rank
Net Assets 1 B 3.48 M 68.1 B 27.97%
Number of Holdings 374 2 12848 33.40%
Net Assets in Top 10 128 M -317 M 3.4 B 33.40%
Weighting of Top 10 12.74% 1.9% 100.4% 74.41%

Top 10 Holdings

  1. NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/48 ADJUSTABLE VAR 1.99%
  2. NEW YORK CITY NY TRANSITIONAL NYCGEN 11/42 ADJUSTABLE VAR 1.99%
  3. CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR 1.77%
  4. TREASURY BILL 10/23 0.00000 1.25%
  5. TOBACCO SETTLEMENT FING CORP R TOBGEN 06/35 FIXED 5 1.10%
  6. NEW YORK NY NYC 12/47 ADJUSTABLE VAR 1.00%
  7. ALLEGHENY CNTY PA HOSP DEV AUT ALLMED 11/47 FLOATING VAR 0.99%
  8. UNIV HOSPS CLINICS AUTH WI UNVMED 04/48 ADJUSTABLE VAR 0.93%
  9. MARYLAND ST MDS 06/36 FIXED 5 0.87%
  10. PUERTO RICO SALES TAX FING COR PRCGEN 07/34 FIXED OID 4.5 0.83%

Asset Allocation

Weighting Return Low Return High MUNI % Rank
Bonds
98.90% 0.00% 150.86% 42.92%
Cash
1.10% -50.86% 50.09% 55.19%
Stocks
0.00% 0.00% 99.88% 20.18%
Preferred Stocks
0.00% 0.00% 0.52% 10.00%
Other
0.00% -8.54% 33.35% 22.76%
Convertible Bonds
0.00% 0.00% 0.93% 10.04%

Bond Sector Breakdown

Weighting Return Low Return High MUNI % Rank
Municipal
83.75% 44.39% 100.00% 98.20%
Derivative
0.00% -8.54% 24.50% 19.23%
Cash & Equivalents
0.00% 0.00% 48.02% 58.85%
Securitized
0.00% 0.00% 5.93% 11.84%
Corporate
0.00% 0.00% 9.41% 27.09%
Government
0.00% 0.00% 52.02% 17.37%

Bond Geographic Breakdown

Weighting Return Low Return High MUNI % Rank
US
98.90% 0.00% 142.23% 40.64%
Non US
0.00% 0.00% 23.89% 16.99%

MUNI - Expenses

Operational Fees

MUNI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.03% 20.65% 92.42%
Management Fee 0.35% 0.00% 1.20% 25.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

MUNI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MUNI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MUNI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 283.00% 44.62%

MUNI - Distributions

Dividend Yield Analysis

MUNI Category Low Category High MUNI % Rank
Dividend Yield 3.27% 0.00% 4.63% 1.15%

Dividend Distribution Analysis

MUNI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MUNI Category Low Category High MUNI % Rank
Net Income Ratio 1.72% -0.53% 5.33% 61.78%

Capital Gain Distribution Analysis

MUNI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MUNI - Fund Manager Analysis

Managers

David Hammer


Start Date

Tenure

Tenure Rank

Jun 01, 2016

6.0

6.0%

Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.

Rachel Betton


Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58