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PIMCO High Yield Municipal Bond I PHMIX

Analyst rating as of
NAV / 1-Day Return
8.33  /  0.01 %
Total Assets
2.5 Bil
Adj. Expense Ratio
0.550%
Expense Ratio
0.570%
Fee Level
Below Average
Longest Manager Tenure
7.30 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.28%
Effective Duration
6.54 years

Morningstar’s Fund Analysis PHMIX

Will PHMIX outperform in future?

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

Turnover remains a concern.

Senior Analyst

Summary

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Pimco High Yield Municipal Bond is managed by a highly experienced group of portfolio managers and analysts who apply a sector-agnostic, relative value driven approach across most sectors of the municipal market, including taxable munis. The fund’s track record is compelling; however, concerns about the continuing turnover on the muni team after Pimco acquired Gurtin Municipal Bond Management in 2019 underpin Morningstar Analyst Ratings of Neutral for all share classes.

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