About PYMNX
PIMCO High Yield Municipal Bond Fund I-3 is a mutual fund designed to deliver high current income that is exempt from federal income tax, with total return as a secondary goal. The fund primarily invests at least 80% of its assets in a diversified portfolio of municipal bonds, specifically targeting securities considered high-yield, or below investment grade, as assessed by the issuer's bond counsel at the time of issuance. By focusing on high-yield municipal bonds, the fund seeks to capitalize on the enhanced income potential relative to higher-rated municipal debt, while also accepting the additional credit risk characteristic of this sector. This fund is particularly relevant for investors concerned with tax-efficient income generation, and its strategy makes it significant within the municipal fixed income space, affecting sectors such as state and local governments, healthcare, infrastructure, and education, which issue the underlying bonds. Managed by PIMCO, a major global fixed income manager, the High Yield Municipal Bond Fund I-3 plays an important role in offering access to a segment of the municipal bond market often overlooked by traditional investment-grade municipal funds, thereby broadening the fixed income landscape for tax-sensitive investors.
Fund Family PIMCO
Category High Yield Muni
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PYMNX
Share Class I-3
PYMNX had a total return of 1.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been -0.23%.
