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Morningstar

PIMCO High Yield Municipal Bond I PHMIX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 8.29  /  0.25 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.86%
  • Effective Duration 6.85 years

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

Morningstar’s Analysis PHMIX

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

People Pillar

The People Pillar is our evaluation of the PHMIX 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 PHMIX’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 High Yield 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

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Portfolio Holdings PHMIX

More PHMIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 628
  • Other Holdings 10
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pimco Fds

2.22
63,167,751
Cash and Equivalents

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.22
34,667,276
municipal

PUERTO RICO COMWLTH 0%

1.22
34,664,246
municipal

Offset: Cash

1.17
33,162,663
Cash and Equivalents

PUERTO RICO COMWLTH HWYS & TRANSN AUTH RESTRUCTURED TOLL REV 0%

1.15
32,822,357
municipal

Cash Offset

1.04
29,568,672
—

AFFORDABLE HSG OPPORTUNITIES TR 3.461%

0.99
28,125,652
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.95
27,040,507
municipal

PUERTO RICO COMWLTH 0%

0.93
26,579,607
municipal

GAINESVILLE FLA UTILS SYS REV 4.6%

0.91
26,000,000
municipal