- What does PYMPX invest in?
- This fund commits a minimum of 80% of its holdings to debt instruments classified as Municipal Bonds. The interest paid by these bonds is, in the judgment of the issuer's bond counsel at the point of issuance, exempt from federal income taxes. There are no restrictions on the proportion of the portfolio that can be allocated to Municipal Bonds with stronger credit ratings. Furthermore, the fund has the option to invest up to 30% of its assets in "private activity" bonds, the interest from which counts as a tax-preference item for federal alternative minimum tax (AMT) calculations.
- What is the expense ratio of PYMPX?
- PIMCO High Yield Municipal Bond Fund (PYMPX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PYMPX's dividend yield?
- PYMPX's trailing-twelve-month yield is 4.62%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PYMPX?
- Effective duration measures PYMPX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PYMPX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PYMPX?
- PYMPX'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 PYMPX?
- Yield to maturity (YTM) is the total return you'd earn from PYMPX if every bond in the portfolio is held to maturity at the current price. PYMPX'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.
