PIMCO Municipal Bond Fund Institutional Class (PFMIX)
| Fund Assets | 4.92B |
| Expense Ratio | 0.44% |
| Min. Investment | $1,000,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.67% |
| Dividend Growth | 2.45% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 9.42 |
| YTD Return | 1.87% |
| 1-Year Return | 7.51% |
| 5-Year Return | 7.85% |
| 52-Week Low | 9.05 |
| 52-Week High | 9.57 |
| Beta (5Y) | n/a |
| Holdings | 739 |
| Inception Date | Dec 31, 1997 |
About PFMIX
PIMCO Municipal Bond Fund Institutional Class is an open-ended mutual fund specializing in municipal fixed income securities. The fund’s principal aim is to generate high current income that is exempt from federal income tax, with the preservation of capital as a core priority and capital appreciation as a secondary objective. Managed by Pacific Investment Management Company LLC, the fund predominantly invests at least 80% of its assets in high-quality, intermediate to long-duration municipal bonds, with the option to hold U.S. government securities and money market instruments for additional flexibility. It diversifies across numerous sectors and regions, allocating primarily to debt instruments issued by state and local governments and related agencies. The fund is designed for institutional investors seeking tax-advantaged income and is recognized for its thoughtful and disciplined approach to municipal bond investing. Its net assets rank in the billions, and it is noted for a moderate credit quality and interest rate sensitivity. The fund benchmarks its performance against key municipal bond indices, underlining its role as a significant option for those focused on tax-exempt income in the broader municipal bond market.
Performance
PFMIX had a total return of 7.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.71%.
Top 10 Holdings
19.05% of assets| Name | Symbol | Weight |
|---|---|---|
| PIMCO FUNDS - PIMCO PRV SHORT TERM FLT III MUTUAL FUND | n/a | 8.56% |
| UNITED STATES GOVT - US TREASURY N/B 02/28 3.375 | T.3.375 02.29.28 | 2.51% |
| UNITED STATES GOVT - US TREASURY N/B 02/31 3.5 | T.3.5 02.28.31 | 1.97% |
| UNITED STATES GOVT - US TREASURY N/B 04/31 4.625 | T.4.625 04.30.31 | 1.33% |
| UNITED STATES GOVT - US TREASURY N/B 02/31 4.25 | T.4.25 02.28.31 | 0.98% |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY - ARKANSAS DEV FIN AUTH ENVIRONM ARSDEV 09/46 ADJUSTABLE VAR | AR.ARSDEV 09.01.2046 | 0.85% |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY - BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5 | OH.BUCGEN 5 06.01.2055 | 0.77% |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE - PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0 | PR.PRCGEN 0 07.01.2046 | 0.73% |
| TEXAS TRANSPORTATION FINANCE CORP - TEXAS ST TRANSPRTN FIN CORP SH TTFTRN 10/50 FIXED 5 | TX.TTFTRN 5 10.01.2050 | 0.68% |
| DENTON ESSENTIAL INVESTMENTS PFC - BONNIE BRAE FIXED TERM LOAN | n/a | 0.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.03061 | May 29, 2026 |
| Apr 30, 2026 | $0.03127 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03009 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03115 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03136 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03254 | Dec 31, 2025 |