Pimco High Yield Municipal Bond has a strong history, but questions around its staffing underpin Morningstar Analyst Ratings of Neutral for all its share classes save its C shares.
Will PYMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PYMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PYMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.