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PIMCO Municipal Bond C PMLCX

Analyst rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.36  /  0.20 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
  • Expense Ratio 1.260%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.26%
  • Effective Duration 5.83 years

Morningstar’s Analysis PMLCX

Will PMLCX outperform in future?

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

Turnover remains a concern.

Senior Analyst



Pimco 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 a Morningstar Analyst Rating of Neutral for all its share classes save its C shares, which are rated Negative.

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