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PIMCO Short Term Municipal Bond Exchange-Traded Fund

Julie Callahan began managing the Fund on 2 January 2014.

Effective June 3, 2013, the Fund's primary benchmark changed from the Barclays 1-3 Year Municipal Bond Index (Index #2 below) to the Barclays 1 Year Municipal Bond Index (Index #1 below).
NAV
$50.53
Change
$-0.02  |   -0.04%

As of 10/29/2014

Market Price
$50.47
Change
$-0.04  |   -0.08%

As of 10/29/2014

Fund Description

The PIMCO Short Term Municipal Bond Exchange-Traded 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.

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Portfolio Management


Julie P. Callahan

Julie P. Callahan
Ms. Callahan is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2011, she was a portfolio manager for municipal separately managed accounts at Western Asset (WAMCO). She previously managed the firm's municipal money market funds. Before that, Ms. Callahan was director and portfolio manager for municipal money market funds with Citigroup Asset Management. She has 19 years of investment experience and holds a bachelor's degree from Fairfield University.

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Fund Information

As of 10/29/2014

Ticker SMMU
CUSIP 72201R874
Inception Date 2/1/2010
Shares Outstanding 1,410,000
Total Net Assets $71,245,523.70
Daily Trading Volume
(in shares)
2,419
Premium/Discount Average
(since inception)
0.00%
Premium/Discount as
of market close
-0.12%
Closing Price 50.42

As of 10/29/2014 4:00PM EST

Yield Information

Estimated Yield to Maturity 0.72%
SEC 30-Day Yield 0.35%

As of 10/29/2014

Distribution Yield 0.77%

As of 9/30/2014

Portfolio Information

Number of Holdings 77
Effective Maturity 2.10 Years
Effective Duration 1.99 Years

As of 10/29/2014

Full Performance & Risk

Index Information

Index
Barclays 1 Year Municipal Bond Index
Index Description

Barclays 1 Year Municipal Bond Index is an unmanaged index comprised of national municipal bond issues having a maturity of at least one year and less than two years. It is not possible to invest directly inan unmanaged index.
Index Ticker n/a
Inception Date 3/1/2004
Rebalancing Frequency Monthly
Annualized Volatility 0.80%

As of 9/30/2014

As of 10/29/2014

Dividends and Distributions

Full distribution history

As of 10/29/2014

Top 10 Holdings

LAKELAND ENERGY-VAR 4.23%
PHILADELPHIA HSP-A 2.81%
FL PWR AGY-A-ST LUCIE 2.57%
LWR COLORADO RVR AUTH 2.47%
STRATFORD-REF-C 2.35%
SALT RVR PWR-A-REF 2.25%
NE PUB PWR DIST-A 2.16%
PA DEV WST MGMT PJ 2.13%
NY ENERGY ELEC-A 2.11%
TRIBOROUGH BRIDGE-C 2.11%

As of 9/30/2014

Quarterly Trading Characteristics

Average Volume
In Shares 8,224
In $ $415,215.05
Bid/Ask Spread
In % 0.10%
In $ $0.04
Fund Tickers
NAV Per Share SMMU.NV
Und. Trading Value SMMU.IV
Shares Outstanding SMMU.SO
Est. Cash SMMU.EU
Total Cash SMMU.TC