PIMCO Fds, High Yield Municipal Bond Fund Insti Class (PHMIX)
PIMCO Fds, High Yield Municipal Bond Fund Insti Class operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Newport Beach, NY, US. The stock last traded at $8.34, up 0.00% on the session, giving a market capitalisation of $6.37B. Its beta of 1.09 implies it has historically moved more than the broad market.
The fund primarily focuses on investing at least 80% of its capital in municipal bonds. These fixed-income instruments are selected because their interest income is, as determined by the issuer's bond counsel at the time of issue, exempt from federal income tax. The fund has no restrictions on the amount it can allocate to higher-rated municipal debt. Additionally, it may dedicate up to 30% of its assets to "private activity" bonds, the interest from which is considered a tax preference item for federal Alternative Minimum Tax (AMT) calculations.
PIMCO Fds, High Yield Municipal Bond Fund Insti Class is most often compared with the following Financial Services names: