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PIMCO Municipal Bond Instl PFMIX

Analyst rating as of
NAV / 1-Day Return
9.23  /  0.01 %
Total Assets
1.8 Bil
Adj. Expense Ratio
Expense Ratio
0.450%
Distribution Fee Level
Low
Share Class Type
Institutional
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.01%
Effective Duration
5.83 years

Morningstar’s Analysis PFMIX

Will PFMIX 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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