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PIMCO Municipal Bond I2 PMUPX

Analyst rating as of
NAV / 1-Day Return
9.20  /  0.14 %
Total Assets
1.6 Bil
Adj. Expense Ratio
0.540%
Expense Ratio
0.550%
Fee Level
Average
Longest Manager Tenure
7.29 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.91%
Effective Duration
5.83 years

Morningstar’s Fund Analysis PMUPX

Will PMUPX 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 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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