Content and data provided by various third parties and Fidelity - Terms of Use

Closed End Fund Details

RELATED RESOURCES

Performance & Risk: PMF

PIMCO MUNICIPAL INCOME FUND

10.00up0.03 (0.3009%)

 as of 4:10:00pm ET 09/27/2022
View Risks of this Security

Premium / Discount to NAV^ as of 08/31/2022

Premium Chart
Date Average
08/2022 8.05%
07/2022 5.71%
06/2022 11.84%
05/2022 4.00%
04/2022 2.98%
03/2022 3.36%
02/2022 4.03%
01/2022 8.64%
12/2021 14.18%
11/2021 8.08%
10/2021 6.31%
09/2021 10.26%

Growth of Hypothetical $10,000 * as of 08/31/2022

Growth Chart
Date Value
08/31/2022 $16,750.35
12/31/2021 $21,092.64
12/31/2020 $19,927.59
12/31/2019 $19,037.21
12/31/2018 $16,658.85
12/31/2017 $16,377.66
12/31/2016 $14,942.00
12/31/2015 $14,814.88
12/31/2014 $13,760.39
12/31/2013 $11,115.81
12/31/2012 $12,250.35

Month-End Average Annual Total Returns And Risks As of 08/31/2022

Returns Volatility (vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(Muni National Long)		 Market Benchmark
(Bloomberg 65% High Grade/35% HY TR USD)		 Alpha R2 Beta Standard
Deviation		 Sharpe
Ratio
1 Year -20.36% -24.50% -20.94% -9.13% -1.04 95.57 2.44 14.39 -1.56
3 Year -4.43% -4.70% -2.40% -0.29% -1.04 92.56 2.44 13.74 -0.30
5 Year +0.57% +0.54% +0.50% +2.07% -0.46 91.26 2.35 11.15 0.00
10 Year +3.62% +2.23% +2.39% +2.97% -0.31 91.88 2.25 9.58 0.35
Life +5.51% +5.20% -- +4.80% -- -- -- -- --
Life as of inception date: 06/29/2001

Quarter-End Average Annual Total Returns As of 06/30/2022

Return Before Taxes Return After Taxes On Distribution Return After Taxes On Distribution
& Sale of Fund Shares
Average NAV Return Market Return NAV Return Market Return NAV Return Market Return
1 Year -19.68% -18.80% -19.68% -18.80% -9.65% -9.32%
3 Year -2.86% -2.38% -2.92% -2.43% -0.78% -0.58%
5 Year +1.09% +1.94% +1.05% +1.91% +2.23% +2.76%
10 Year +4.12% +3.25% +4.10% +3.23% +4.74% +3.86%
Life +5.56% +5.42% +5.54% +5.40% +5.87% +5.65%
Life as of inception date: 06/29/2001
Net Expense Ratio 1.59%
Total Expense Ratio (Adjusted) 1.36%

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.

Risk

Closed end funds are subject to the risk of their underlying assets and investment strategy. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). There is no assurance a closed end fund will appreciate to its NAV or achieve its investment objectives.

Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), issuer or counterparty default risk, issuer credit risk, inflation risk and call risk. The municipal market can be affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Certain closed end funds may invest in lower quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. All or a portion of income distributed may be subject to the federal alternative minimum tax.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on ten years rolling or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. All performance data is for the common shares of the fund. Total Distribution Rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

^Premium/Discount to NAV represents the percentage by which the fund's market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Expense Ratio is the total annual fund operating expense ratio from the fund's most recent prospectus.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since closed end funds are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

© 2011 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.

© 1998－2022 FMR LLC.

All rights reserved.