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Morningstar

PIMCO Municipal Bond A PMLAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.49  /  +0.14 %
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.780%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.67%
  • Effective Duration 6.30 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PMLAX

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

  • People Pillar

    The People Pillar is our evaluation of the PMLAX 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 PMLAX’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 PMLAX

More PMLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pimco Fds

10.12 264.8 Mil
Cash and Equivalents

U S TREASURY REPO

4.16 108.7 Mil
Cash and Equivalents

U S TREASURY REPO

4.08 106.8 Mil
Cash and Equivalents

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 3.6%

0.98 25.6 Mil
municipal

Offset: Cash

0.92 24.1 Mil
Cash and Equivalents

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.95%

0.84 21.9 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5.25%

0.83 21.7 Mil
municipal

TEXAS WTR DEV BRD REV 4.875%

0.82 21.4 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4.45%

0.76 20.0 Mil
municipal

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.548%

0.73 19.2 Mil
municipal