Advertisement
Skip to Content
Morningstar

Pioneer High Income Municipal C HICMX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 6.50  /  0.16 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.590%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.37%
  • Effective Duration 6.74 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis HICMX

Will HICMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HICMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HICMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HICMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

|

A strong Process Pillar rating isn't sufficient for Pioneer High Income Municipal C to overcome lower marks in Parent and other areas. This strategy retains its Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

Unlock our full analysis with Morningstar Investor