About GNMFX
PIMCO National Municipal Opportunistic Value Fund Institutional Shares is an open-end mutual fund focused on generating current income that is exempt from regular federal income tax, while also aiming to preserve capital and maintain liquidity. The fund primarily invests at least 80% of its assets in a diversified portfolio of municipal debt securities, the interest from which is generally classified as tax-exempt by bond counsel at issuance. Its holdings encompass a broad selection of municipal issuers across various states and sectors, including healthcare, transportation, and education. Managed by PIMCO's experienced municipal bond specialists, the fund typically exhibits moderate credit quality and interest rate sensitivity, positioning it within the muni national intermediate category. With an institutional share class structure, a relatively high minimum investment, and an expense ratio within the average for its peers, the fund plays a significant role for institutional investors and high-net-worth individuals seeking federally tax-advantaged income within a disciplined and opportunistic municipal bond strategy.
Fund Family PIMCO
Category Muni National Interm
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol GNMFX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR
GNMFX had a total return of -2.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.83%.
