PMUPX

About PMUPX

PIMCO Municipal Bond Fund Class I-2 is a mutual fund designed to provide investors with high current income that is exempt from federal income tax, aiming to preserve capital while also seeking opportunities for capital appreciation. The fund primarily invests at least 80% of its assets in municipal debt securities whose interest payments are, according to bond counsel for the issuer, exempt from federal income tax. This makes the fund especially relevant for investors looking to manage tax liabilities while accessing the municipal bond market. In addition, it can allocate up to 20% of its total assets to other instruments such as U.S. government securities, money market instruments, or even high yield bonds, allowing for a degree of diversification and risk management. Emphasizing credit quality, the fund invests mainly in investment grade debt securities but is permitted a limited allocation to high yield or “junk” bonds. Its role in the market is to offer a balance between tax-exempt income and preservation of principal, making it a key vehicle for income-focused investors sensitive to tax considerations.