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Morningstar

Pioneer High Income Municipal C HICMX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 6.21  /  +0.17 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    1.590%
  • 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 3.93%
  • Effective Duration 6.69 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:16 AM GMT+0

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.

Weakness in Pioneer High Income Municipal C's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings HICMX

More HICMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

3.73 40.1 Mil
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 4.214%

3.12 33.6 Mil
municipal

HAMMOND IND ECONOMIC DEV REV 7.5%

2.24 24.1 Mil
municipal

TSASC INC N Y 5%

2.15 23.1 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.96 21.2 Mil
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

1.96 21.1 Mil
municipal

NASSAU CNTY N Y TOBACCO SETTLEMENT CORP 5%

1.93 20.8 Mil
municipal

NEW YORK CNTYS TOB TR IV 5%

1.78 19.1 Mil
municipal

ARLINGTON TEX HIGHER ED FIN CORP ED REV 5.45%

1.62 17.5 Mil
municipal

TSASC INC N Y 5%

1.62 17.4 Mil
municipal