PYMPX

About PYMPX

PIMCO High Yield Municipal Bond Fund I-2 is a mutual fund specializing in high-yield municipal bonds, primarily aiming to generate high current income that is exempt from federal income tax. This fund invests at least 80% of its assets in municipal debt securities with higher yields, often achieved by taking positions in bonds rated below investment grade, which typically carry higher credit and default risk compared to higher-rated municipal bonds. Its portfolio includes a significant allocation to "private activity" bonds and other lower-rated municipal securities, making it well-suited for investors seeking tax-advantaged income and exposure to the municipal credit markets. The fund is managed by PIMCO, a prominent asset manager known for its expertise in fixed income. PIMCO High Yield Municipal Bond Fund I-2 plays a key role in the market by providing access to a diversified pool of high-yield municipal securities, thereby supporting municipal infrastructure and development projects while offering investors potential for enhanced tax-exempt income relative to investment-grade municipal bond funds.