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PIMCO High Yield Municipal Bond C PYMCX

Analyst rating as of
  • NAV / 1-Day Return 8.45  /  0.09 %
  • Total Assets 2.5 Bil
  • Adj. Expense Ratio
  • Expense Ratio 1.620%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 6.54 years

Morningstar’s Analysis PYMCX

Will PYMCX 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 High Yield 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 Morningstar Analyst Ratings of Neutral for all share classes.

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