# PIMCO Municipal Income Fund (PMF): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pmf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Actively Managed · Inception: 2001-06-27 The PIMCO Municipal Income Fund is a closed-end investment vehicle specializing in fixed income. Its investment strategy concentrates on the U.S. fixed income markets, with a primary emphasis on high-quality, investment-grade municipal bonds. Portfolio construction employs a top-down approach coupled with fundamental analysis for security selection. This analytical rigor is underpinned by extensive in-house research utilizing proprietary models. The fund was established on June 29, 2001, and is domiciled in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $7.76 | | Expense Ratio | — | | Market Value | $203.9M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.58 – $10.50 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.0420 /share - Ex-date: 2025-07-11 - Pay date: 2025-07-24 ## Frequently Asked Questions ### What does PMF invest in? The PIMCO Municipal Income Fund is a closed-end investment vehicle specializing in fixed income. Its investment strategy concentrates on the U.S. fixed income markets, with a primary emphasis on high-quality, investment-grade municipal bonds. Portfolio construction employs a top-down approach coupled with fundamental analysis for security selection. This analytical rigor is underpinned by extensive in-house research utilizing proprietary models. The fund was established on June 29, 2001, and is domiciled in the United States. ### What is the expense ratio of PMF? An expense ratio for PIMCO Municipal Income Fund (PMF) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### What is the duration of PMF? Effective duration measures PMF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PMF's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PMF? PMF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PMF? Yield to maturity (YTM) is the total return you'd earn from PMF if every bond in the portfolio is held to maturity at the current price. PMF's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is PMF? PIMCO Municipal Income Fund (PMF) has a market value of $203.9M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does PMF pay a dividend? PIMCO Municipal Income Fund (PMF) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PMF pay dividends? PIMCO Municipal Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PMF's dividend yield? PMF's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is PMF's next ex-dividend date? The most recently announced ex-dividend date for PMF was 2025-07-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is PMF's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for PIMCO Municipal Income Fund (PMF). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does PMF charge its expense ratio? The expense ratio is deducted in tiny daily slices from PMF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pmf - Distribution history: https://www.dividenddata.com/funds/pmf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pmf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pmf/expenses - Peer comparison: https://www.dividenddata.com/funds/pmf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.