About PMNTX
PIMCO National Intermediate Municipal Bond Fund Class A is an actively managed municipal bond mutual fund focused on generating maximum income that is exempt from regular federal income tax, while emphasizing preservation of capital. The strategy invests primarily in investment-grade debt issued by state and local governments and related agencies across the United States, with a mandate to keep at least 80% of assets in securities whose interest is federally tax‑exempt. It targets the intermediate part of the muni curve, typically aligning with portfolio durations of roughly four to six years as common for the category, to balance income with interest‑rate sensitivity. The fund is managed by PIMCO’s fixed income team, applying credit research, yield‑curve positioning, and sector allocation across general obligation, essential services revenue, healthcare, transportation, and housing bonds. It distributes income monthly and is offered as a front‑load share class with an expense ratio around the higher end of its peer group. Since inception in 2012, it has aimed to provide steady tax‑advantaged income and diversified national exposure across states and sectors within the municipal market.
Fund Family PIMCO
Category Muni National Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PMNTX
Share Class Class A
Index Bloomberg 1-15 Y Municipal Blend TR
PMNTX had a total return of -1.50% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.08%.
