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Morningstar

PIMCO Municipal Bond Instl PFMIX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.32  /  0.23 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.470%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.82%
  • Effective Duration 6.48 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis PFMIX

Will PFMIX 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 PFMIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PFMIX 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 PFMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Team churn remains a concern, but the approach here stands out.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Personnel turnover limits the appeal of Pimco Municipal Bond's otherwise knowledgeable and collaborative team, but the approach stands out as thoughtful, repeatable, and effective, earning it a Process rating upgrade to Above Average from Average.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PFMIX

More PFMIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 559
  • Other Holdings 11
  • % Assets in Top 10 Holdings 7.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pimco Fds

7.44
156,811,948
Cash and Equivalents

SOUTHCENTRAL PA GEN AUTH REV 4.6%

2.05
43,190,000
municipal

SOUTHCENTRAL PA GEN AUTH REV 4.6%

1.51
31,835,000
municipal

Offset: Cash

1.06
22,296,058
Cash and Equivalents

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.65%

0.99
20,872,387
municipal

Cash Offset

0.93
19,513,344
—

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 4.8%

0.84
17,750,000
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.3%

0.75
15,860,000
municipal

NEW YORK N Y 4.8%

0.71
15,000,000
municipal

GEISINGER AUTH PA HEALTH SYS REV 4%

0.68
14,309,621
municipal