GNMFX Performance — PIMCO National Municipal Opportunistic Value Fund, Institutional Class
Data updated: 2026-08-31
GNMFX returned +2.71% year to date and +7.05% over one year to Jun 2026. Annualised returns are +3.75% over 3 years and +1.81% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $108. Volatility over the past three years was 4.62% a year. In the 12 months to Jun 2026 the fund lost a net $65.4M, and assets reached $185.88M.
GNMFX Growth of $100
What $100 invested in PIMCO National Municipal Opportunistic Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | GNMFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $109 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $116 | $113 |
GNMFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.71% |
| 1 year | +7.05% |
| 3 years (annualised) | +3.75% |
| 5 years (annualised) | +1.81% |
GNMFX Annual Returns
Calendar-year total returns of PIMCO National Municipal Opportunistic Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.71% |
| 2025 | +3.08% |
| 2024 | +2.37% |
| 2023 | +5.44% |
| 2022 | −4.55% |
| 2021 | +1.42% |
| 2020 | +3.16% |
| 2019 (Jul–Dec) | +1.87% |
GNMFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +1.3% | −1.4% | +1.1% | +0.4% | +0.9% | — | — | — | — | — | — |
| 2025 | −0.1% | +0.9% | −1.3% | −0.4% | −0.6% | +0.4% | −0.6% | +1.0% | +2.5% | +1.2% | +0.4% | −0.2% |
| 2024 | −0.1% | +0.3% | 0.0% | −0.8% | +0.3% | +1.2% | +0.8% | +0.5% | +0.9% | −1.0% | +1.5% | −1.1% |
| 2023 | +2.1% | −1.6% | +1.5% | 0.0% | −0.4% | +0.7% | +0.2% | −1.0% | −2.1% | −1.2% | +5.3% | +2.0% |
| 2022 | −1.5% | −0.3% | −1.7% | −1.5% | +1.1% | −1.3% | +2.1% | −1.7% | −2.6% | −0.6% | +3.4% | +0.1% |
| 2021 | +0.4% | −0.7% | +0.4% | +0.6% | +0.3% | +0.2% | +0.4% | −0.1% | −0.3% | 0.0% | +0.3% | 0.0% |
| 2020 | +1.3% | +1.0% | −2.2% | −1.5% | +2.1% | +0.6% | +0.9% | −0.1% | +0.1% | 0.0% | +0.7% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.6% | +1.3% | −0.6% | +0.1% | +0.1% | +0.3% |
GNMFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.62%
- 3-year Sharpe ratio: -0.16 (vs 4.5% risk-free rate)
- Best month: +5.26% (Nov 2023)
- Worst month: −2.10% (Sep 2023)
GNMFX Fund Flows
Monthly money in and out of PIMCO National Municipal Opportunistic Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$65.4M
- 12-month gross sales (incl. reinvestments): $28.1M
- Sales ÷ redemptions: 0.30×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.3M | $4.6M | −$3.2M |
| May 2026 | $1.9M | $11.0M | −$9.1M |
| Apr 2026 | $1.4M | $9.3M | −$7.8M |
| Mar 2026 | $2.4M | $8.3M | −$6.0M |
| Feb 2026 | $3.8M | $3.0M | $767K |
| Jan 2026 | $2.8M | $6.0M | −$3.2M |
| Dec 2025 | $3.0M | $15.1M | −$12.1M |
| Nov 2025 | $2.0M | $4.4M | −$2.4M |
| Oct 2025 | $2.6M | $6.3M | −$3.7M |
| Sep 2025 | $2.4M | $12.0M | −$9.7M |
| Aug 2025 | $1.8M | $4.9M | −$3.1M |
| Jul 2025 | $2.7M | $8.7M | −$6.0M |
GNMFX Assets Under Management
Net assets of PIMCO National Municipal Opportunistic Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $185.88M |
| 2026-03-31 | $203.02M |
| 2025-12-31 | $213.02M |
| 2025-09-30 | $230.24M |
| 2025-06-30 | $244.70M |
| 2025-03-31 | $271.82M |
| 2024-12-31 | $295.93M |
| 2024-09-30 | $308.56M |
| 2024-06-30 | $310.99M |
| 2024-03-31 | $312.89M |
| 2023-12-31 | $307.52M |
| 2023-09-30 | $292.32M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.