PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
PIMCO ETF Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks attractive tax-exempt income, consistent with preservation of capital.
The fund invests at least 80% of its assets in investment-grade municipal bonds rated Baa or higher, seeking attractive current yields and competitive market prices while maintaining a portfolio duration normally within 2 years below to 4 years above the Bloomberg 1-15 Year Municipal Bond Index. The fund may concentrate 25% or more of assets in bonds financing similar projects such as education, health care, or utilities, and may hold 25% or more in industrial development bonds. Because the fund's returns depend on the manager's security selection and duration positioning relative to the index, performance may diverge from the index.
| Share class | Expense ratio |
|---|---|
| MUNI | 0.35% |
Portfolio turnover 26.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.44% |
| Securitized | 1.74% |
| Cash & short-term | 0.10% |
Latest quarter
What changed since the fund's previous filing
Largest new: Black Belt Energy Gas District, Texas Municipal Gas Acquisition & Supply Corp V, State of Washington, Oklahoma City Public Property Authority, Pennsylvania Economic Development Financing Authority, County of Bexar TX, City of Rochester MN, Public Finance Authority
Largest exited: FEDERAL HOME LOAN BANK (FHLB) ×5, UNITED STATES GOVT ×3
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 67.1% |
| Floating rate | 30.9% |
| Zero-coupon or unclassified | 2.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.4% |
| 1-3y | 3.6% |
| 3-5y | 8.2% |
| 5-10y | 18.6% |
| 10y+ | 68.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +5.07 yr |
| High yield | +0.12 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.05 yr | 1% |
| 1 yr | 0.30 yr | 7% |
| 5 yr | 1.41 yr | 31% |
| 10 yr | 2.40 yr | 53% |
| 30 yr | 0.37 yr | 8% |
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.33 yr | 6% |
| 5 yr | 1.54 yr | 30% |
| 10 yr | 2.82 yr | 54% |
| 30 yr | 0.49 yr | 9% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.05 | +0.01 | +0.00 | $4.2k | $481 |
| 1 yr | +0.30 | +0.31 | +0.01 | $96.7k | $4.4k |
| 5 yr | +1.41 | +1.51 | +0.03 | $467.6k | $8.7k |
| 10 yr | +2.40 | +2.75 | +0.06 | $849.9k | $19.7k |
| 30 yr | +0.37 | +0.47 | +0.01 | $146.1k | $3.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury3.38% · due 2028-02-29 | 2.20% | $68.05M | — |
| — | United States Treasury3.50% · due 2031-02-28 | 1.78% | $54.85M | — |
| — | United States Treasury4.63% · due 2031-04-30 | 1.16% | $35.73M | — |
| — | United States Treasury4.25% · due 2031-02-28 | 0.86% | $26.45M | — |
| — | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.00% · due 2046-07-01 | 0.81% | $25.01M | — |
| — | Connecticut State Health & Educational Facilities Authority2.60% floating · due 2057-07-01 | 0.81% | $25.00M | — |
| — | Black Belt Energy Gas District5.00% · due 2034-01-01 | 0.81% | $24.97M | — |
| — | Texas Municipal Gas Acquisition & Supply Corp V5.00% · due 2036-04-01 | 0.80% | $24.77M | — |
| — | Fort Bend Independent School District3.80% floating · due 2055-08-01 | 0.79% | $24.44M | — |
| — | FHLMC Multifamily VRD Certificates4.87% floating · due 2043-01-25 | 0.71% | $21.81M | — |
Top 10 positions are 10.73% of net assets, top 25 19.69%, across 330 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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