PIMCO National Municipal Opportunistic Value Fund (GNMFX)
The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities. The fund is non-diversified.
Fund Info
US72202G2993
Nov 2, 2014
$250,000
Expense Ratio
GNMFX has an expense ratio of 0.63%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
PIMCO National Municipal Opportunistic Value Fund (GNMFX) returned -1.80% year-to-date (YTD) and 1.24% over the past 12 months. Over the past 10 years, GNMFX returned 2.10% annually, underperforming the S&P 500 benchmark at 10.85%.
GNMFX
-1.80%
-0.94%
-2.90%
1.24%
1.73%
1.05%
2.10%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of GNMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.11% | 0.92% | -1.25% | -0.42% | -0.94% | -1.80% | |||||||
| 2024 | -0.13% | 0.29% | -0.02% | -0.83% | 0.31% | 1.20% | 0.80% | 0.51% | 0.88% | -1.02% | 1.52% | -1.12% | 2.38% |
| 2023 | 2.09% | -1.56% | 1.52% | 0.05% | -0.44% | 0.70% | 0.15% | -0.95% | -2.10% | -1.21% | 5.26% | 2.04% | 5.46% |
| 2022 | -1.55% | -0.28% | -1.66% | -1.48% | 1.09% | -1.28% | 2.07% | -1.67% | -2.60% | -0.61% | 3.44% | 0.06% | -4.54% |
| 2021 | 0.42% | -0.68% | 0.37% | 0.58% | 0.27% | 0.19% | 0.38% | -0.10% | -0.28% | 0.00% | 0.28% | 0.00% | 1.42% |
| 2020 | 1.27% | 0.96% | -2.16% | -1.53% | 2.06% | 0.57% | 0.95% | -0.13% | 0.08% | -0.02% | 0.73% | 0.42% | 3.16% |
| 2019 | 0.64% | 0.40% | 1.41% | 0.32% | 1.31% | 0.31% | 0.60% | 1.28% | -0.56% | 0.12% | 0.12% | 0.30% | 6.43% |
| 2018 | -0.21% | -0.04% | 0.09% | -0.12% | 0.70% | 0.19% | 0.21% | 0.11% | -0.30% | -0.28% | 0.84% | 0.89% | 2.09% |
| 2017 | 0.17% | 0.44% | 0.17% | 0.38% | 0.98% | 0.08% | 0.28% | 0.48% | -0.05% | 0.09% | -0.13% | 0.70% | 3.65% |
| 2016 | 0.46% | 0.04% | 0.15% | 0.35% | 0.35% | 0.63% | 0.05% | 0.33% | -0.26% | -0.24% | -1.55% | 0.53% | 0.81% |
| 2015 | 1.21% | -0.71% | 0.32% | -0.31% | -0.21% | -0.02% | 0.48% | 0.26% | 0.45% | 0.28% | 0.38% | 0.47% | 2.62% |
| 2014 | 0.31% | 0.52% | 0.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GNMFX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO National Municipal Opportunistic Value Fund (GNMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
PIMCO National Municipal Opportunistic Value Fund provided a 3.62% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.32 | $0.26 | $0.23 | $0.24 | $0.27 | $0.25 | $0.21 | $0.19 | $0.22 | $0.04 |
Dividend yield | 3.62% | 3.48% | 3.20% | 2.70% | 2.17% | 2.25% | 2.59% | 2.46% | 2.08% | 1.93% | 2.17% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO National Municipal Opportunistic Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.03 | $0.19 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2014 | $0.02 | $0.02 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO National Municipal Opportunistic Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO National Municipal Opportunistic Value Fund was 8.38%, occurring on Oct 25, 2022. Recovery took 290 trading sessions.
The current PIMCO National Municipal Opportunistic Value Fund drawdown is 3.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.38% | Aug 10, 2021 | 306 | Oct 25, 2022 | 290 | Dec 20, 2023 | 596 |
| -7.6% | Mar 10, 2020 | 9 | Mar 20, 2020 | 170 | Nov 19, 2020 | 179 |
| -4.91% | Dec 9, 2024 | 83 | Apr 9, 2025 | — | — | — |
| -2.24% | Sep 2, 2016 | 63 | Dec 1, 2016 | 116 | May 19, 2017 | 179 |
| -2.02% | Oct 2, 2024 | 26 | Nov 6, 2024 | 16 | Nov 29, 2024 | 42 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...