SMMU Fees and Costs — PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $96 in broker commissions, and portfolio turnover was 32%.
SMMU Fees and Expenses
Annual operating expenses and sales charges of SMMU. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SMMU Costs Over Time
On $10,000 invested in SMMU, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
SMMU Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $96
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
SMMU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BGC Financial, L.P. | $96 | 100.00% |
SMMU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $586.4M | 22.86% |
| Morgan Stanley & Co. LLC | $520.7M | 20.30% |
| Barclays Capital Inc. | $434.0M | 16.92% |
| State Street Bank and Trust Company | $246.3M | 9.60% |
| Nomura Securities International, Inc. | $217.0M | 8.46% |
| Federal Reserve Bank of Boston | $167.8M | 6.54% |
| Deutsche Bank Securities Inc. | $116.5M | 4.54% |
| Wells Fargo Securities, LLC | $106.7M | 4.16% |
| Citigroup Global Markets Inc. | $89.7M | 3.50% |
| BofA Securities, Inc. | $79.8M | 3.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.