SMMU ETF — PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU)

SMMU is an ETF. As of August 28, 2026, its distribution rate is 2.86%, its trailing-12-month yield is 2.88%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 80/100 (Safe). Fund total return is 29.4% over the past 16.6 years, 809.2 points behind SPY at 838.6%.

At the current 2.86% distribution rate, a $10,000 investment would generate approximately $286 per year, or $23.83 per month on an equivalent basis.

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund is an ETF that invests primarily in short-term, investment-grade municipal bonds issued by U.S. states and local governments, with the interest income exempt from federal taxation. The fund distributes income monthly at a modest current distribution rate, and carries an expense ratio of 0.35%. It appeals to tax-conscious income investors seeking regular distributions with relatively lower interest rate risk from its short-term bond focus.

SMMU performance versus SPY

Data as of August 28, 2026.

Fund total return is 29.4% over the past 16.6 years, 809.2 points behind SPY at 838.6%. Its deepest 1-year drawdown was 0.8%.

SMMU key facts

Data as of August 28, 2026.

Distribution Safety Score™

80 · Safe

Safety-Adjusted Yield

2.29%

Issuer

PIMCO

Asset type

ETF

Asset class

Fixed Income

Inception date

02/01/2010

Expense ratio

0.35%

Distribution rate

2.86%

Distribution frequency

Monthly

Trailing yield

2.88%

Last close

$50.29

AUM

$1,190,137,632

Average volume

41945.0

Last dividend

$0.1200

Ex-dividend date

08/03/2026

Payment date

08/05/2026

Beta

0.29

How Dividend Vision calculates yield and returns

Distribution rate (2.86%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.88%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: PIMCO; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SMMU risks and drawbacks

SMMU's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.8%.

Who may consider SMMU — and who may not

SMMU may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from PIMCO.