GNMVX

About GNMVX

PIMCO National Municipal Intermediate Value Fund Institutional Shares is an actively managed municipal bond mutual fund focused on generating tax-exempt income while emphasizing capital preservation and liquidity. The fund primarily invests in a diversified portfolio of intermediate-maturity municipal securities issued by state and local governments and related entities across the United States. It targets bonds that finance essential public services and infrastructure—such as transportation, utilities, education, and healthcare—seeking attractive after-tax income for investors subject to U.S. federal income tax. The strategy reflects a value-oriented approach within the municipal market, balancing credit quality and duration to manage interest rate and credit risks typical of intermediate-term muni portfolios. Managed by PIMCO’s municipal fixed income team, the fund combines bottom-up credit research with active sector allocation and risk management. It plays a role in portfolios as a core tax-exempt fixed income holding, offering diversified exposure to the national municipal market with an intermediate duration profile that aims to moderate volatility while maintaining income objectives.