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Pimco Flexible Municipal Income Fund - PIMCO Flexible Municipal Income Fd USD Cls A2
mutual fund
PMALX
Payout Change
Pending
Price as of:
$10.23
+0.0
+0.0%
primary theme
Municipal Bond
share class
PMALX (Mutual Fund)
Pimco Flexible Municipal Income Fund - PIMCO Flexible Municipal Income Fd USD Cls A2
Payout Change
Pending
Price as of:
$10.23
+0.0
+0.0%
primary theme
Municipal Bond
share class
PMALX (Mutual Fund)
Pimco Flexible Municipal Income Fund - PIMCO Flexible Municipal Income Fd USD Cls A2
Payout Change
Pending
Price as of:
$10.23
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.23
-
3.77%
$0.39
1.66%
Vitals
YTD Return
4.0%
1 yr return
4.0%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
N/A
Net Assets
$N/A
Holdings in Top 10
13.8%
52 WEEK LOW AND HIGH
$10.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.66%
SALES FEES
Front Load 2.00%
Deferred Load N/A
TRADING FEES
Turnover 14.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.23
-
3.77%
$0.39
1.66%
PMALX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.86%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePimco Flexible Municipal Income Fund - PIMCO Flexible Municipal Income Fd USD Cls A2
-
Fund Family NamePIMCO
-
Inception DateOct 05, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Hammer
Fund Description
PMALX - Performance
Return Ranking - Trailing
| Period | PMALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -7.3% | 37.5% | 1.68% |
| 1 Yr | 4.0% | -7.4% | 37.6% | 1.81% |
| 3 Yr | -1.4%* | -11.8% | 5.1% | 74.66% |
| 5 Yr | N/A* | -7.4% | 1103.2% | N/A |
| 10 Yr | N/A* | -1.1% | 248.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PMALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -1.4% | 41.0% | 6.20% |
| 2022 | -17.7% | -39.7% | 0.3% | 94.54% |
| 2021 | 3.7% | -5.6% | 6.9% | 1.37% |
| 2020 | N/A | -2.6% | 310.0% | N/A |
| 2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
| Period | PMALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -7.3% | 37.5% | 1.68% |
| 1 Yr | 4.0% | -7.4% | 37.6% | 1.81% |
| 3 Yr | -1.4%* | -11.8% | 5.1% | 74.66% |
| 5 Yr | N/A* | -7.4% | 1103.2% | N/A |
| 10 Yr | N/A* | -1.1% | 248.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PMALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.1% | -1.3% | 41.0% | 1.48% |
| 2022 | -14.9% | -39.7% | 1.1% | 94.27% |
| 2021 | 6.4% | -4.8% | 23761504.0% | 1.44% |
| 2020 | N/A | -1.5% | 17057.9% | N/A |
| 2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
PMALX - Holdings
Concentration Analysis
| PMALX | Category Low | Category High | PMALX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 3.22 M | 71.9 B | N/A |
| Number of Holdings | 582 | 4 | 13418 | 21.83% |
| Net Assets in Top 10 | 182 M | -317 M | 3.09 B | 25.32% |
| Weighting of Top 10 | 13.78% | 1.8% | 100.3% | 68.75% |
Top 10 Holdings
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
- 10 Year Treasury Note Future Mar 22 13.88%
Asset Allocation
| Weighting | Return Low | Return High | PMALX % Rank | |
|---|---|---|---|---|
| Bonds | 92.42% | 0.00% | 150.86% | 93.29% |
| Cash | 7.12% | -50.86% | 44.62% | 5.91% |
| Convertible Bonds | 0.45% | 0.00% | 0.93% | 0.27% |
| Stocks | 0.00% | 0.00% | 99.77% | 91.81% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 90.80% |
| Other | 0.00% | -3.69% | 53.54% | 88.85% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PMALX % Rank | |
|---|---|---|---|---|
| Municipal | 87.54% | 44.39% | 100.00% | 97.03% |
| Cash & Equivalents | 7.13% | 0.00% | 44.41% | 5.37% |
| Corporate | 4.11% | 0.00% | 9.41% | 0.27% |
| Government | 1.11% | 0.00% | 52.02% | 1.48% |
| Securitized | 0.11% | 0.00% | 5.93% | 1.28% |
| Derivative | 0.00% | -3.69% | 53.54% | 88.18% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PMALX % Rank | |
|---|---|---|---|---|
| US | 82.49% | 0.00% | 142.23% | 98.12% |
| Non US | 9.93% | 0.00% | 23.89% | 0.20% |
PMALX - Expenses
Operational Fees
| PMALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.66% | 0.01% | 8.02% | 6.92% |
| Management Fee | 1.05% | 0.00% | 1.20% | 99.66% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 65.25% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| PMALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.00% | 0.50% | 4.75% | 96.84% |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| PMALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PMALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 14.00% | 0.00% | 283.00% | 39.75% |
PMALX - Distributions
Dividend Yield Analysis
| PMALX | Category Low | Category High | PMALX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.77% | 0.00% | 14.51% | 3.69% |
Dividend Distribution Analysis
| PMALX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PMALX | Category Low | Category High | PMALX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.86% | -0.53% | 5.33% | 55.06% |
Capital Gain Distribution Analysis
| PMALX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.032 | OrdinaryDividend |
| Oct 31, 2024 | $0.031 | OrdinaryDividend |
| Sep 30, 2024 | $0.031 | OrdinaryDividend |
| Aug 30, 2024 | $0.035 | OrdinaryDividend |
| Jul 31, 2024 | $0.034 | OrdinaryDividend |
| Apr 30, 2024 | $0.033 | OrdinaryDividend |
| Mar 28, 2024 | $0.033 | OrdinaryDividend |
| Feb 29, 2024 | $0.034 | OrdinaryDividend |
| Jan 31, 2024 | $0.033 | OrdinaryDividend |
| Dec 29, 2023 | $0.034 | OrdinaryDividend |
| Nov 30, 2023 | $0.033 | OrdinaryDividend |
| Oct 31, 2023 | $0.031 | OrdinaryDividend |
| Sep 29, 2023 | $0.035 | OrdinaryDividend |
| Aug 31, 2023 | $0.032 | OrdinaryDividend |
| Jul 31, 2023 | $0.030 | OrdinaryDividend |
| Jun 30, 2023 | $0.035 | OrdinaryDividend |
| May 31, 2023 | $0.031 | OrdinaryDividend |
| Apr 28, 2023 | $0.033 | OrdinaryDividend |
| Mar 31, 2023 | $0.033 | OrdinaryDividend |
| Feb 28, 2023 | $0.032 | OrdinaryDividend |
| Jan 31, 2023 | $0.030 | OrdinaryDividend |
| Dec 30, 2022 | $0.037 | OrdinaryDividend |
| Dec 08, 2022 | $0.006 | OrdinaryDividend |
| Nov 30, 2022 | $0.032 | OrdinaryDividend |
| Oct 31, 2022 | $0.027 | OrdinaryDividend |
| Sep 30, 2022 | $0.031 | OrdinaryDividend |
| Aug 31, 2022 | $0.029 | OrdinaryDividend |
| Jul 29, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.026 | OrdinaryDividend |
| May 31, 2022 | $0.025 | OrdinaryDividend |
| Apr 29, 2022 | $0.026 | OrdinaryDividend |
| Mar 31, 2022 | $0.021 | OrdinaryDividend |
| Feb 28, 2022 | $0.019 | OrdinaryDividend |
| Jan 31, 2022 | $0.016 | OrdinaryDividend |
| Dec 31, 2021 | $0.020 | OrdinaryDividend |
| Dec 09, 2021 | $0.004 | OrdinaryDividend |
| Nov 30, 2021 | $0.019 | OrdinaryDividend |
| Oct 29, 2021 | $0.018 | OrdinaryDividend |
| Sep 30, 2021 | $0.018 | OrdinaryDividend |
| Aug 31, 2021 | $0.017 | OrdinaryDividend |
| Jul 30, 2021 | $0.018 | OrdinaryDividend |
| Jun 30, 2021 | $0.018 | OrdinaryDividend |
| May 28, 2021 | $0.016 | OrdinaryDividend |
| Apr 30, 2021 | $0.020 | OrdinaryDividend |
| Mar 31, 2021 | $0.019 | OrdinaryDividend |
| Feb 26, 2021 | $0.026 | OrdinaryDividend |
| Jan 29, 2021 | $0.019 | OrdinaryDividend |
| Dec 31, 2020 | $0.073 | OrdinaryDividend |
| Dec 10, 2020 | $0.011 | OrdinaryDividend |
PMALX - Fund Manager Analysis
Managers
David Hammer
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.
Rachel Betton
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.
Amit Arora
Start Date
Tenure
Tenure Rank
Aug 27, 2019
2.76
2.8%
Mr. Arora is an executive vice president and portfolio manager in the Newport Beach office and a member of the credit and liability-driven portfolio management teams. He manages credit portfolios focusing on investment grade and long credit. He was previously a senior member of PIMCO's global risk management team. Prior to joining PIMCO in 2009, he was an executive director, responsible for credit hybrids and exotics trading at J.P. Morgan. Mr. Arora was previously with Bear Stearns as a managing director on the structured credit trading desk, responsible for credit derivative products in investment grade and high yield credits. He has also worked on the foreign exchange Treasury desk at Citibank. He has 22 years of investment experience and holds an MBA from NYU Stern School of Business and a bachelor's degree in mechanical engineering from the Indian Institute of Technology (IIT Bombay). He is a Certified Financial Risk Manager (FRM).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
