GNMVX Performance — PIMCO National Municipal Intermediate Value Fund, Institutional Class
Data updated: 2025-11-26
GNMVX returned +3.06% over one year to Sep 2025. Annualised returns are +4.06% over 3 years and +1.11% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $113, against $113 for the category, and to $103 over one year, against $101. Volatility over the past three years was 4.00% a year. In the 12 months to Sep 2025 the fund lost a net $51.0M, and assets reached $52.99M.
GNMVX Growth of $100
What $100 invested in PIMCO National Municipal Intermediate Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | GNMVX | Category average |
|---|---|---|
| 1 year (Oct 2024 – Sep 2025) | $103 | $101 |
| 3 years (Oct 2022 – Sep 2025) | $113 | $113 |
| 5 years (Oct 2020 – Sep 2025) | $106 | $104 |
| Since data start (Jul 2019 – Sep 2025) | $111 | $108 |
GNMVX Trailing Returns
Total returns to Sep 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.06% |
| 3 years (annualised) | +4.06% |
| 5 years (annualised) | +1.11% |
GNMVX Annual Returns
Calendar-year total returns of PIMCO National Municipal Intermediate Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Sep) | +3.84% |
| 2024 | +1.57% |
| 2023 | +3.95% |
| 2022 | −5.09% |
| 2021 | +0.78% |
| 2020 | +4.19% |
| 2019 (Jul–Dec) | +1.74% |
GNMVX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.6% | +1.0% | −1.1% | −0.1% | +0.4% | +0.9% | +0.2% | +0.8% | +1.3% | — | — | — |
| 2024 | −0.2% | +0.1% | 0.0% | −0.7% | −0.6% | +1.1% | +0.8% | +0.9% | +0.8% | −1.2% | +1.1% | −0.6% |
| 2023 | +1.7% | −1.6% | +1.6% | −0.2% | −0.8% | +0.5% | +0.2% | −0.6% | −1.7% | −0.5% | +3.9% | +1.6% |
| 2022 | −2.0% | −0.4% | −2.1% | −1.6% | +0.8% | −0.7% | +1.6% | −1.4% | −2.1% | −0.2% | +2.7% | +0.3% |
| 2021 | +0.4% | −1.1% | +0.5% | +0.6% | +0.1% | 0.0% | +0.7% | −0.2% | −0.4% | −0.2% | +0.3% | +0.1% |
| 2020 | +1.5% | +0.8% | −2.2% | −0.6% | +2.6% | +0.1% | +1.2% | −0.1% | +0.1% | −0.1% | +0.7% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.0% | −0.7% | +0.2% | +0.2% | +0.3% |
GNMVX Risk
Risk measures from monthly returns over Oct 2022 – Sep 2025.
- 3-year volatility (annualised): 4.00%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +3.94% (Nov 2023)
- Worst month: −1.72% (Sep 2023)
GNMVX Fund Flows
Monthly money in and out of PIMCO National Municipal Intermediate Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$51.0M
- 12-month gross sales (incl. reinvestments): $10.0M
- Sales ÷ redemptions: 0.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2025 | $293K | $2.8M | −$2.5M |
| Aug 2025 | $609K | $142K | $467K |
| Jul 2025 | $222K | $1.1M | −$835K |
| Jun 2025 | $3.4M | $26.1M | −$22.8M |
| May 2025 | $892K | $3.9M | −$3.0M |
| Apr 2025 | $841K | $1.6M | −$734K |
| Mar 2025 | $414K | $1.4M | −$945K |
| Feb 2025 | $1.1M | $436K | $648K |
| Jan 2025 | $560K | $798K | −$238K |
| Dec 2024 | $624K | $20.8M | −$20.2M |
| Nov 2024 | $793K | $1.1M | −$261K |
| Oct 2024 | $283K | $938K | −$655K |
GNMVX Assets Under Management
Net assets of PIMCO National Municipal Intermediate Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-09-30 | $52.99M |
| 2025-06-30 | $55.06M |
| 2025-03-31 | $81.47M |
| 2024-12-31 | $82.26M |
| 2024-09-30 | $104.69M |
| 2024-06-30 | $105.52M |
| 2024-03-31 | $121.64M |
| 2023-12-31 | $120.98M |
| 2023-09-30 | $115.33M |
| 2023-06-30 | $120.76M |
| 2023-03-31 | $133.63M |
| 2022-12-31 | $149.01M |
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.