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Closed End Fund Details

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Snapshot: PMF

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PIMCO MUNICIPAL INCOME FUND

10.56down-0.15 (-1.4006%)

 as of 4:10:00pm ET 02/06/2023

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. 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). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid/Size 10.42/1
Ask/Size 11.00/1
Open 10.73
High 10.78
Low 10.56
Previous Close
AS OF 02/06/2023		 10.56
Price Performance (Last 52 Wk) -21.57%
Volume 40,913
Volume (90-Day Average) 97,947
NAV (Daily) --
Bid/Ask Midpoint (Previous Day) --
Premium / Discount (1 Month Average)^
as of 01/31/2023		 5.53%
NAV
as of 02/03/2023		 10.18
NAV Update Frequency Daily
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Security Type

Closed End Fund

Asset Class

Municipal Bond

Morningstar Category

Muni National Long

Prospectus Objective

Municipal Bond - National

Net Assets
AS OF 01/31/2023

$264.6M

Net Expense Ratio
AS OF 12/31/2021

1.36%

Sponsor

PIMCO

Inception Date

06/29/2001

Financial Year-End

December 31, 2021

Benchmark Index

Muni National Long

Legal Structure

Closed End Fund

Total Holdings
AS OF 12/31/2022

238

Investment Objective Summary

Primary investments (at least 90%) are municipal fixed-income securities, the interest from which is exempt from federal income tax. At least 80% of the bonds are investment grade. The Fund will seek to avoid bonds generating interest potentially subjecting individuals to the alternative minimum tax. Up to 20% of the net assets may be invested in municipal bonds that are rated Ba/BB or B.

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Analyst Opinions

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Key Statistics

Bond Holdings Valuation AS OF 12/31/2022

Average Duration --
Average Maturity --
Average Coupon % 4.80%

Distributions as of 02/03/2023

Total Distribution Rate (Market Price) 4.71%
Total Distribution Rate (NAV) 4.95%
See all Key Stats

Compare

PMF
PIMCO MUNICIPAL INCOME FUND		 Asset Class Median
Market Capitalization
AS OF 12/31/2022		 436.5M 407.0M
Volume (10-Day Avg)
AS OF 02/02/2023		 83.0K 74.6M
YTD Market Price Total Return
AS OF 01/31/2023		 +2.83% +6.27%
1 Month Market Price Total Return
AS OF 01/31/2023		 +2.83% +6.27%
1 Year Market Price Total Return
AS OF 01/31/2023		 -17.36% -12.93%
1 Year NAV Total Return
AS OF 01/31/2023		 -14.78% -9.75%
3 Year Annualized Market Price Total Return
AS OF 01/31/2023		 -6.21% -12.93%
Beta (Market Price 1 Yr)
AS OF 01/31/2023		 2.41 1.85
Annual Turnover Ratio
AS OF 12/31/2021		 18.00% 18.00%
Net Expense Ratio
AS OF 12/31/2021		 1.59% 1.46%
Total Expense Ratio (Adjusted)
AS OF 12/31/2021		 1.36% 1.46%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 01/31/2023

Premium Chart
Date Average
01/2023 5.53%
12/2022 9.67%
11/2022 11.02%
10/2022 16.15%
09/2022 6.13%
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%
Quarter-End Average Annual Total ReturnsAS OF 12/31/2022
NAV Return Market Return
1 Year -24.19% -27.32%
3 Year -5.65% -6.74%
5 Year -0.48% +1.01%
10 Year +2.70% +2.01%
Life +5.20% +4.96%
Life as of inception date: 06/29/2001       Gross Expense Ratio: 1.59

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 12/31/2022

LIBERTY N Y DEV CORP REV 5.25% 2.53%
JEFFERSON CNTY ALA SWR REV 0% 2.35%
ILLINOIS ST 5% 2.26%
COLORADO HEALTH FACS AUTH REV 4% 2.09%
SALT LAKE CNTY UTAH HOSP REV 5.125% 1.68%
CHICAGO ILL 5.375% 1.58%
MUNICIPAL ELEC AUTH GA 5% 1.56%
TOBACCO SETTLEMENT FING CORP N J 5% 1.32%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784% 1.3%
GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5% 1.29%
Assets in Top 10 Holdings17.97%

Credit Quality † AS OF --

Type % Bonds
AAA --
AA --
A --
BBB --
BB --
B --
Below B --
Not Rated --

Maturity  AS OF 12/31/2022

% Bonds
10 to 15 Years 13.18
15 to 20 Years 12.46
1 to 3 Years 1.22
20 to 30 Years 48.12
3 to 5 Years 4.62
5 to 7 Years 3.16
7 to 10 Years 1.63
Over 30 Years 14.78
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

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. Click on the "Performance & Risk" link to view quarter-end performance. 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.

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.

^Premium/Discount to NAV represents the percentage by which the funds 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.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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.

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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.

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