PMX

PIMCO Municipal Income Fund III
PMX

$8.11

0.86%

Market Cap: $271M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 17

4% less capital invested

Capital invested by funds: $53.3M [Q1] → $51.3M (-$2.01M) [Q2]

1.9% less ownership

Funds ownership: 21.31% [Q1] → 19.41% (-1.9%) [Q2]

19% less funds holding

Funds holding: 84 [Q1] → 68 (-16) [Q2]

67% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 24

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Research analyst outlook

We haven’t received any recent analyst ratings for PMX.

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Financial journalist opinion

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on October 1, 2024 to shareholders of record on September 13, 2024, with an ex-dividend date of September 13, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on September 3, 2024 to shareholders of record on August 12, 2024, with an ex-dividend date of August 12, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on August 1, 2024 to shareholders of record on July 11, 2024, with an ex-dividend date of July 11, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on July 1, 2024 to shareholders of record on June 13, 2024, with an ex-dividend date of June 13, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PMX: This Muni CEF Still Looks Attractive

The article evaluates the PIMCO Municipal Income Fund III (NYSE: PMX) as an investment option in the muni space. PMX has a wide discount to NAV and is markedly cheaper than its sister funds from PIMCO. This CEF has decent income metrics and offers a nice yield on a tax-adjusted basis for high income individuals.

PMX: This Muni CEF Still Looks Attractive

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on June 3, 2024 to shareholders of record on May 13, 2024, with an ex-dividend date of May 10, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Pimco Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on April 1, 2024 to shareholders of record on March 11, 2024, with an ex-dividend date of March 8, 2024.

Pimco Closed-End Funds Declare Monthly Common Share Distributions

PMX: Momentum And Relative Valuation Continue To Make This Muni Fund A Buy

PIMCO Municipal Income Fund III is evaluated as an investment option. At first glance, this fund offers value compared to PIMCO's other national muni CEF offerings. The fund is long on Texas muni bonds, which I view favorably for their strong credit rating and diversification benefits. Munis will see renewed interest if the tax cuts from the 2017 TCJA are not extended this year. That is a fundamental tailwind for the sector.

PMX: Momentum And Relative Valuation Continue To Make This Muni Fund A Buy

PIMCO Municipal Income Fund III: A Solid Closed-End Fund Holding

PIMCO Municipal Income Fund III has an NAV distribution yield of 4.89% and a market price distribution yield of 5.43%. I use a 14 factor framework to evaluate municipal bond CEFs.

PIMCO Municipal Income Fund III: A Solid Closed-End Fund Holding

The Month In Closed-End Funds: November 2023

For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+8.93%), for the first month in eight, outpaced the other classifications in the equity CEF universe for November.

The Month In Closed-End Funds: November 2023

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