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Morningstar

Pioneer High Income Municipal A PIMAX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 6.05  /  −0.29 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.71%
  • Effective Duration 6.22 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:24 AM GMT+0

Morningstar’s Analysis PIMAX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Pioneer High Income Municipal A to a Morningstar Medalist Rating of Neutral.

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 second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PIMAX

More PIMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
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BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

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TOBACCO SETTLEMENT FING CORP VA 5%

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TSASC INC N Y 5%

2.39 27.0 Mil
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DOMINION WTR & SANTN DIST COLO REV 5.875%

2.31 26.1 Mil
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TSASC INC N Y 5%

2.27 25.6 Mil
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HAMMOND IND ECONOMIC DEV REV 7.5%

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NEW YORK CNTYS TOB TR IV 5%

2.05 23.1 Mil
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OROVILLE CALIF REV 5.25%

1.90 21.5 Mil
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CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.87 21.1 Mil
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