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PIMCO Municipal Bond Fund
mutual fund
PMUPX
Payout Change
Pending
Price as of:
$9.37
+0.0
+0.0%
primary theme
Municipal Bond
share class
PMUPX (Mutual Fund)
PIMCO Municipal Bond Fund
Payout Change
Pending
Price as of:
$9.37
+0.0
+0.0%
primary theme
Municipal Bond
share class
PMUPX (Mutual Fund)
PIMCO Municipal Bond Fund
Payout Change
Pending
Price as of:
$9.37
+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
Vitals
YTD Return
2.5%
1 yr return
2.7%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
1.4%
Net Assets
$3.23 B
Holdings in Top 10
21.2%
52 WEEK LOW AND HIGH
$9.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open 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
PMUPX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.07%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Municipal Bond Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateMay 01, 2008
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Hammer
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.The Fund may invest up to 20% of its net assets in U.S. Government Securities and/or money market instruments. The Fund may invest without limitation in “private activity” bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax (“AMT”). For shareholders subject to the AMT, distributions derived from “private activity” bonds must be included in their AMT calculations, and as such a portion of the Fund’s distribution may be subject to federal income tax. The Fund invests primarily in investment grade debt securities, but may invest up to 20% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or FitchRatings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest more than 25% of its total assets in bonds of issuers in California and New York. To the extent that the Fund concentrates its investments in California or New York, it will be subject to California or New York State-Specific Risk. The Fund may also invest 25% or more of its total assets in Municipal Bonds that finance education, health care, housing, transportation, utilities and other similar projects, and 25% or more of its total assets in industrial development bonds. The average portfolio duration of this Fund normally varies within (negative) 2 years to positive 4 years of the portfolio duration of the securities comprising the Bloomberg Municipal Bond Index, as calculated by PIMCO, which as of May 31, 2024 was 6.27 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The portfolio manager focuses on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices. Capital appreciation, if any, generally arises from decreases in interest rates or improving credit fundamentals for a particular state, municipality or issuer.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements, and invest in mortgage- or asset-backed securities. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may also invest in securities issued by entities, such as trusts, whose underlying assets are Municipal Bonds, including, without limitation, residual interest bonds. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities.
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PMUPX - Performance
Return Ranking - Trailing
| Period | PMUPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.5% | -7.3% | 37.5% | 17.86% |
| 1 Yr | 2.7% | -7.4% | 37.6% | 16.72% |
| 3 Yr | -0.3%* | -11.8% | 5.1% | 27.19% |
| 5 Yr | 1.4%* | -7.4% | 1103.2% | 8.97% |
| 10 Yr | 2.8%* | -1.1% | 248.8% | 4.66% |
* Annualized
Return Ranking - Calendar
| Period | PMUPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.4% | -1.4% | 41.0% | 7.81% |
| 2022 | -13.2% | -39.7% | 0.3% | 75.36% |
| 2021 | 0.4% | -5.6% | 6.9% | 18.97% |
| 2020 | 3.3% | -2.6% | 310.0% | 5.18% |
| 2019 | 4.9% | 0.0% | 26.0% | 16.41% |
Total Return Ranking - Trailing
| Period | PMUPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.5% | -7.3% | 37.5% | 17.86% |
| 1 Yr | 2.7% | -7.4% | 37.6% | 16.72% |
| 3 Yr | -0.3%* | -11.8% | 5.1% | 27.19% |
| 5 Yr | 1.4%* | -7.4% | 1103.2% | 8.97% |
| 10 Yr | 2.8%* | -1.1% | 248.8% | 4.66% |
* Annualized
Total Return Ranking - Calendar
| Period | PMUPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.8% | -1.3% | 41.0% | 2.22% |
| 2022 | -10.5% | -39.7% | 1.1% | 66.76% |
| 2021 | 2.6% | -4.8% | 23761504.0% | 24.33% |
| 2020 | 6.0% | -1.5% | 17057.9% | 6.44% |
| 2019 | 8.3% | 0.2% | 3514.6% | 10.87% |
NAV & Total Return History
PMUPX - Holdings
Concentration Analysis
| PMUPX | Category Low | Category High | PMUPX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.23 B | 3.22 M | 71.9 B | 11.22% |
| Number of Holdings | 574 | 4 | 13418 | 22.23% |
| Net Assets in Top 10 | 677 M | -317 M | 3.09 B | 2.82% |
| Weighting of Top 10 | 21.25% | 1.8% | 100.3% | 35.62% |
Top 10 Holdings
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 14.56%
- TEXAS ST TXS 12/50 ADJUSTABLE VAR 1.05%
- NORTH CAROLINA ST MED CARE COM NCSMED 11/34 ADJUSTABLE VAR 0.80%
- NEW YORK NY NYC 06/44 ADJUSTABLE VAR 0.76%
- STATE OF ILLINOIS 02/36 5 0.75%
- SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/58 FIXED OID 5.25 0.69%
- ILLINOIS ST ILS 05/35 FIXED 5 0.68%
- TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/48 FIXED 4.875 0.67%
- CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR 0.66%
- FREDDIE MAC MULTIFAMILY FRETE 2023 ML20 AUS 0.64%
Asset Allocation
| Weighting | Return Low | Return High | PMUPX % Rank | |
|---|---|---|---|---|
| Bonds | 88.59% | 0.00% | 150.86% | 96.71% |
| Cash | 14.56% | -50.86% | 44.62% | 1.01% |
| Stocks | 0.00% | 0.00% | 99.77% | 95.30% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 94.49% |
| Other | 0.00% | -3.69% | 53.54% | 91.81% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 97.10% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PMUPX % Rank | |
|---|---|---|---|---|
| Municipal | 91.89% | 44.39% | 100.00% | 90.29% |
| Cash & Equivalents | 14.56% | 0.00% | 44.41% | 0.94% |
| Corporate | 0.57% | 0.00% | 9.41% | 5.12% |
| Derivative | 0.00% | -3.69% | 53.54% | 91.34% |
| Securitized | 0.00% | 0.00% | 5.93% | 95.75% |
| Government | 0.00% | 0.00% | 52.02% | 96.76% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PMUPX % Rank | |
|---|---|---|---|---|
| US | 88.59% | 0.00% | 142.23% | 96.51% |
| Non US | 0.00% | 0.00% | 23.89% | 94.76% |
PMUPX - Expenses
Operational Fees
| PMUPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.54% | 0.01% | 8.02% | 78.36% |
| Management Fee | 0.54% | 0.00% | 1.20% | 92.48% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.34% | 0.01% | 0.44% | 99.38% |
Sales Fees
| PMUPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| PMUPX 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.
| PMUPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.00% | 283.00% | 89.17% |
PMUPX - Distributions
Dividend Yield Analysis
| PMUPX | Category Low | Category High | PMUPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.91% | 0.00% | 14.51% | 3.76% |
Dividend Distribution Analysis
| PMUPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PMUPX | Category Low | Category High | PMUPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.07% | -0.53% | 5.33% | 44.26% |
Capital Gain Distribution Analysis
| PMUPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.031 | OrdinaryDividend |
| Oct 31, 2024 | $0.031 | OrdinaryDividend |
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.031 | OrdinaryDividend |
| Apr 30, 2024 | $0.032 | OrdinaryDividend |
| Mar 28, 2024 | $0.032 | OrdinaryDividend |
| Feb 29, 2024 | $0.031 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.031 | OrdinaryDividend |
| Nov 30, 2023 | $0.030 | OrdinaryDividend |
| Oct 31, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.031 | OrdinaryDividend |
| Aug 31, 2023 | $0.030 | OrdinaryDividend |
| Jul 31, 2023 | $0.027 | OrdinaryDividend |
| Jun 30, 2023 | $0.030 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.028 | OrdinaryDividend |
| Jan 31, 2023 | $0.026 | OrdinaryDividend |
| Dec 30, 2022 | $0.030 | OrdinaryDividend |
| Nov 30, 2022 | $0.026 | OrdinaryDividend |
| Oct 31, 2022 | $0.024 | OrdinaryDividend |
| Sep 30, 2022 | $0.026 | OrdinaryDividend |
| Aug 31, 2022 | $0.023 | OrdinaryDividend |
| Jul 29, 2022 | $0.022 | OrdinaryDividend |
| Jun 30, 2022 | $0.022 | OrdinaryDividend |
| May 31, 2022 | $0.021 | OrdinaryDividend |
| Apr 29, 2022 | $0.022 | OrdinaryDividend |
| Mar 31, 2022 | $0.018 | OrdinaryDividend |
| Feb 28, 2022 | $0.018 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.028 | OrdinaryDividend |
| Nov 30, 2021 | $0.017 | OrdinaryDividend |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jun 30, 2021 | $0.016 | OrdinaryDividend |
| May 28, 2021 | $0.016 | OrdinaryDividend |
| Apr 30, 2021 | $0.019 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Feb 26, 2021 | $0.018 | OrdinaryDividend |
| Jan 29, 2021 | $0.024 | OrdinaryDividend |
| Dec 31, 2020 | $0.020 | OrdinaryDividend |
| Nov 30, 2020 | $0.019 | OrdinaryDividend |
| Oct 30, 2020 | $0.020 | OrdinaryDividend |
| Sep 30, 2020 | $0.019 | OrdinaryDividend |
| Aug 31, 2020 | $0.017 | OrdinaryDividend |
| Jul 31, 2020 | $0.020 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| May 29, 2020 | $0.020 | OrdinaryDividend |
| Apr 30, 2020 | $0.021 | OrdinaryDividend |
| Mar 31, 2020 | $0.021 | OrdinaryDividend |
| Feb 28, 2020 | $0.023 | OrdinaryDividend |
| Jan 31, 2020 | $0.024 | OrdinaryDividend |
| Dec 31, 2019 | $0.024 | OrdinaryDividend |
| Nov 29, 2019 | $0.026 | OrdinaryDividend |
| Oct 31, 2019 | $0.025 | OrdinaryDividend |
| Sep 30, 2019 | $0.024 | OrdinaryDividend |
| Aug 30, 2019 | $0.027 | OrdinaryDividend |
| Jul 31, 2019 | $0.026 | OrdinaryDividend |
PMUPX - Fund Manager Analysis
Managers
David Hammer
Start Date
Tenure
Tenure Rank
Aug 20, 2015
6.78
6.8%
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
Jan 03, 2020
2.41
2.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
