PIMCO Municipal Bond Fund (PFMIX)
The investment seeks high current income exempt from federal income tax, consistent with preservation of capital; capital appreciation is a secondary objective. The fund normally invests 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"). It may invest up to 20% of its net assets in U.S. government securities and/or money market instruments. The fund may invest without limitation in "private activity" bonds whose interest is a tax-preference item for purposes of the federal AMT.
Fund Info
US6933916586
Dec 30, 1997
$1,000,000
Expense Ratio
PFMIX features an expense ratio of 0.44%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIMCO Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PIMCO Municipal Bond Fund had a return of 3.24% year-to-date (YTD) and 3.92% in the last 12 months. Over the past 10 years, PIMCO Municipal Bond Fund had an annualized return of 3.05%, while the S&P 500 had an annualized return of 11.35%, indicating that PIMCO Municipal Bond Fund did not perform as well as the benchmark.
PFMIX
3.24%
0.12%
1.47%
3.92%
1.74%
3.05%
^GSPC (Benchmark)
26.85%
3.07%
10.27%
27.63%
13.60%
11.35%
Monthly Returns
The table below presents the monthly returns of PFMIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.12% | 0.34% | 0.35% | -1.13% | 0.48% | 1.39% | 0.76% | 0.78% | 1.05% | -1.23% | 1.60% | 3.24% | |
| 2023 | 3.04% | -2.15% | 1.76% | 0.50% | -0.44% | 0.99% | 0.41% | -0.96% | -2.49% | -1.57% | 6.66% | 2.72% | 8.41% |
| 2022 | -2.52% | -0.80% | -3.37% | -3.05% | 0.87% | -2.08% | 2.62% | -1.95% | -3.91% | -1.41% | 4.88% | -0.10% | -10.63% |
| 2021 | 0.91% | -1.72% | 0.56% | 1.16% | 0.64% | 0.54% | 0.83% | -0.50% | -0.87% | -0.21% | 1.04% | 0.18% | 2.54% |
| 2020 | 1.73% | 1.49% | -4.21% | -1.79% | 2.98% | 1.81% | 1.78% | -0.50% | -0.19% | -0.29% | 2.06% | 1.06% | 5.87% |
| 2019 | 0.61% | 0.61% | 1.85% | 0.70% | 1.32% | 0.26% | 0.67% | 1.87% | -0.54% | 0.06% | 0.26% | 0.45% | 8.39% |
| 2018 | -0.73% | -0.41% | 0.53% | -0.12% | 1.46% | 0.12% | 0.41% | 0.14% | -0.53% | -0.92% | 0.54% | 0.93% | 1.41% |
| 2017 | 0.89% | 0.70% | 0.30% | 1.01% | 1.43% | 0.01% | 0.69% | 1.10% | -0.11% | 0.18% | -0.21% | 1.22% | 7.45% |
| 2016 | 0.78% | 0.08% | 0.79% | 0.99% | 0.47% | 1.78% | 0.18% | 0.28% | -0.22% | -1.05% | -4.45% | 0.82% | 0.32% |
| 2015 | 1.81% | -1.14% | 0.37% | -0.54% | -0.34% | -0.02% | 0.31% | 0.07% | 0.84% | 0.84% | 0.92% | 1.10% | 4.26% |
| 2014 | 2.51% | 1.25% | 0.48% | 1.22% | 1.53% | 0.16% | 0.26% | 1.41% | 0.26% | 0.58% | 0.03% | 0.63% | 10.77% |
| 2013 | 0.78% | 0.16% | -0.66% | 1.21% | -1.47% | -3.89% | -1.38% | -1.71% | 3.11% | 0.96% | -0.34% | -0.23% | -3.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PFMIX is 50, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO Municipal Bond Fund (PFMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIMCO Municipal Bond Fund provided a 4.06% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.36 | $0.28 | $0.22 | $0.26 | $0.33 | $0.36 | $0.34 | $0.33 | $0.35 | $0.31 | $0.32 |
Dividend yield | 4.06% | 3.76% | 3.05% | 2.13% | 2.45% | 3.24% | 3.77% | 3.43% | 3.44% | 3.51% | 3.17% | 3.47% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Municipal Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.35 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $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 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.33 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Municipal Bond 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 Municipal Bond Fund was 26.50%, occurring on Dec 16, 2008. Recovery took 413 trading sessions.
The current PIMCO Municipal Bond Fund drawdown is 1.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.5% | Jan 24, 2008 | 228 | Dec 16, 2008 | 413 | Aug 9, 2010 | 641 |
| -15.45% | Aug 6, 2021 | 307 | Oct 25, 2022 | 467 | Sep 9, 2024 | 774 |
| -11.05% | Mar 10, 2020 | 9 | Mar 20, 2020 | 91 | Jul 30, 2020 | 100 |
| -8.8% | May 3, 2013 | 85 | Sep 3, 2013 | 165 | Apr 30, 2014 | 250 |
| -6.34% | Oct 15, 2010 | 65 | Jan 18, 2011 | 123 | Jul 14, 2011 | 188 |
Volatility
Volatility Chart
The current PIMCO Municipal Bond Fund volatility is 1.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.