PIMCO High Yield Municipal Bond I (PHMIX)

Fund Assets	6.33B
Expense Ratio	0.56%
Min. Investment	$1,000,000
Turnover	57.00%
Dividend (ttm)	0.39
Dividend Yield	4.71%
Dividend Growth	4.68%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	8.29
YTD Return	1.64%
1-Year Return	6.57%
5-Year Return	5.14%
52-Week Low	8.14
52-Week High	8.52
Beta (5Y)	0.10
Holdings	969
Inception Date	Jul 31, 2006

About PHMIX

PIMCO High Yield Municipal Bond Fund Institutional Class is an open-end mutual fund that focuses on generating high current income that is exempt from federal income tax, with capital appreciation as a secondary goal. The fund primarily invests at least 80% of its assets in a diversified portfolio of U.S. municipal bonds, with an emphasis on the high yield segment of the market—these are typically municipal securities offering higher yields in exchange for greater credit risk. Managed by a seasoned team utilizing a thoughtful and repeatable investment approach, the fund is known for its rigorous credit research and active management strategies. Its portfolio features a blend of intermediate and longer-duration municipal bonds issued by various state and local entities, which may include sectors such as infrastructure, healthcare, education, and transportation. The fund’s institutional class shares are tailored for investors with larger capital allocations and benefit from a below average expense ratio and a substantial asset base. As a result, the fund plays a significant role for institutional investors seeking tax-advantaged income while accepting higher credit risk within the broader fixed income market.

• Fund Family: PIMCO
• Category: High Yield Muni
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PHMIX
• Share Class: Institutional
• Index: Bloomberg Muni Bond High Yield CR

Performance

PHMIX had a total return of 6.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.77%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PYMPX	I-2	0.66%
PYMNX	I-3	0.71%
PYMAX	Class A	0.86%
PYMCX	Class C	1.61%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03514	Jul 31, 2026
Jun 30, 2026	$0.03254	Jun 30, 2026
May 29, 2026	$0.03242	May 29, 2026
Apr 30, 2026	$0.03282	Apr 30, 2026
Mar 31, 2026	$0.03156	Mar 31, 2026
Feb 27, 2026	$0.03116	Feb 27, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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