Pimco Municipal Income Fund

PIMCO Municipal Income Fund operates as a mutual fund-closed end investment. Its portfolio includes investment in municipal bonds. The company was founded on May 10, 2001 and is headquartered in New York, NY.

PMF: Cheaper Than Its Sister Funds, But Still Hard To Justify

Blackrock Investment Quality Municipal Trust

BlackRock Municipal 2030 Target Term Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance Municipal Income 2028 Term Trust

Federated Premier Municipal Income Fund

Pioneer Municipal High Income Advantage Trust

Western Asset Municipal High Income Fund

BlackRock MuniAssets Fund

BlackRock MuniYield Quality Fund III Inc

BlackRock MuniYield New York Quality Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Nuveen Enhanced Municipal Value Fund

Nuveen Georgia Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal Value Fund Inc

Nuveen New Jersey Quality Municipal Income Fund

Nuveen Select Tax-Free Income Portfolio 3

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund II

Pimco New York Municipal Income Fund II

Invesco Pennsylvania Value Municipal Income Trust

The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively cheap. Making swaps makes sense to rotate into the better opportunities and see more discount closing tailwinds.

More Relative Value Trades And Opportunities: Munis

PIMCO Dynamic Credit and Mortgage Income Fund

Pimco California Municipal Income Fund

PIMCO Dynamic Income Fund

Pimco Income Opportunity Fund

Pimco Municipal Income Fund III

Not much has changed in the last month since our April update except that coverage ratios plummeted during the month. A lot of that is due to currency moves. The dollar fell significantly against the euro and the pound - also the fund is closing out currency loss positions that are an immediate hit to NII "income."

PIMCO May Update - The Bottom Falls Out

Pimco California Municipal Income Fund II

Pimco New York Municipal Income Fund

Pimco New York Municipal Income Fund III

Pimco California Municipal Income Fund III

The disparity among PIMCO tax-exempt muni CEFs remains large. Apart from lower income yields, greater susceptibility to distribution cuts and larger drawdown potential, the ongoing consolidation wave in the sector presents another risk for high-premium funds.

PIMCO Muni CEF Valuations Face Additional Risks

PMF: Nice Start To 2021, But My Outlook Now Is Limited

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco Global Stockplus & Income Fund

Pimco High Income Fund

PIMCO Strategic Income Fund Inc

The taxable PIMCO CEFs are still trading below 100% coverage thanks to the falling dollar. That could improve in January as the dollar has rebounded some. In this space, we continue to like RCS and PHK. PGP is a good S&P 500 proxy.

PIMCO CEF Suite Update: December 2020

PMF has the lowest premium of the national PIMCO muni CEFs. This makes it a relative value play. The fund has strong income metrics and recently announced a special distribution. This gives me confidence the yield is sustainable.

PMF: Bull Case Can Be Made, But It Is Dependent On More Stimulus

PCM Fund

It seems that again the UNII report was affected by the fall in the US dollar which further reduced coverage ratios.

PIMCO Gives Investors Another Scare

Why PIMCO Muni CEF Leverage Costs Matter

A Leverage Check-Up Of PIMCO Muni CEFs

BlackRock Credit Allocation Income Trust

Putnam High Income Securities Fund

CEF Report January 2020 | PIMCO Chops Its Muni CEFs Again, And It's Not Done Yet

News for Pimco Municipal Income Fund ETF (PMF)