PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

MUNI

Market cap $2.23B

Overview Fund Activity

52.33 USD

-0.04

0.08%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.08%

5 days

0.33%

1 month

1.97%

3 months

2.33%

6 months

1.16%

Year to date

1.06%

1 year

-1%

5 years

-6.95%

10 years

-1.17%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

221% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 14

59% more repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 102

8% more funds holding

Funds holding: 331 [Q1] → 357 (+26) [Q2]

6% more capital invested

Capital invested by funds: $1.52B [Q1] → $1.61B (+$91.4M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 11 [Q1] → 11 (+0) [Q2]

3.55% less ownership

Funds ownership: 83.67% [Q1] → 80.13% (-3.55%) [Q2]

See Fund Rankings

Financial journalist opinion

MUNI: Reasonable Income For The Very Risk Averse

MUNI offers diversified, tax-free income via intermediate municipal bonds, with modest interest rate risk and high liquidity. The fund is well-managed and low-cost, but yields are only compelling for top tax bracket investors or the highly risk-averse. Tax advantages make MUNI attractive mainly to those with high marginal tax rates; for most, similar after-tax yields are available elsewhere.

MUNI: Reasonable Income For The Very Risk Averse

Happy 15th Anniversary MINT

Actively managed fixed income ETFs have been increasingly popular in 2024. Investors have turned to professionals to help navigate the bond market amid shifting monetary and pending fiscal policies.

Happy 15th Anniversary MINT

MUNI: Strong PIMCO Muni Bond ETF, Very Low 3.4% Yield, Weak Investment Thesis

MUNI is an actively-managed muni bond ETF from PIMCO. Although the fund's dividends are tax-advantaged, its 3.4% dividend yield is too low for a buy rating. Lots of ETFs provide higher after-tax income to effectively all investors, including CARY and JAAA.

MUNI: Strong PIMCO Muni Bond ETF, Very Low 3.4% Yield, Weak Investment Thesis

Growing Supply of Active Municipal Bond ETFs

Actively managed ETFs continued to gain traction in July with $24 billion of net inflows. This represented 19% of the industry's net inflows, which remains impressive given the 7% share of the assets.

Growing Supply of Active Municipal Bond ETFs

MUNI: A Strong, Active Municipal Bond Play

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF offers tax-exempt income through investment-grade municipal bonds. The MUNI ETF has a diversified portfolio of U.S. dollar-denominated intermediate-term municipal bonds. MUNI faces competition from other municipal bond ETFs but has shown strong performance and a more diversified geographical allocation.

Chart of the Week: Advisors Looking at Municipal Bonds Choices

Investors continue to turn to low-cost core taxable bond ETFs in 2024. The Vanguard Total Bond Market ETF (BND) and the iShares Core Aggregate Bond ETF (AGG) gathered $2.5 billion and $2.1 billion, respectively, as of late February.

MUNI: Outperforming Competitors, But Still Unattractive

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF is an actively managed municipal bond fund with a flexible strategy and high turnover. The MUNI ETF has a higher risk in credit rating but a lower risk in maturity compared to iShares National Muni Bond ETF. It is more diversified geographically, with a lower allocation to New York and California.

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