PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU US) – Investment PropositionPIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) presents a conservatively positioned, actively managed portfolio of short-maturity municipal securities aiming to provide federally tax-exempt income with low interest-rate sensitivity. The strategy prioritizes capital preservation, broad issuer diversification, and rigorous credit surveillance across states, sectors, and revenue streams, with flexi ...