PHMIX Performance — PIMCO High Yield Municipal Bond Fund, Institutional Class
Data updated: 2026-09-11
PHMIX returned +3.42% year to date and +7.91% over one year to Jun 2026. Annualised returns are +5.25% over 3 years and +1.36% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $117, against $125 for the category, and to $108 over one year, against $106. Volatility over the past three years was 6.28% a year. In the 12 months to Jun 2026 the fund took in a net $753.7M, and assets reached $6.36B.
PHMIX Growth of $100
What $100 invested in PIMCO High Yield Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | PHMIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $117 | $125 |
| 5 years (Jul 2021 – Jun 2026) | $107 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $123 | $134 |
PHMIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.42% |
| 1 year | +7.91% |
| 3 years (annualised) | +5.25% |
| 5 years (annualised) | +1.36% |
PHMIX Annual Returns
Calendar-year total returns of PIMCO High Yield Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.42% |
| 2025 | +3.49% |
| 2024 | +4.54% |
| 2023 | +8.93% |
| 2022 | −12.98% |
| 2021 | +5.51% |
| 2020 | +6.21% |
| 2019 (Jul–Dec) | +3.40% |
PHMIX 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 | +0.6% | +1.8% | −2.0% | +1.1% | +0.7% | +1.1% | — | — | — | — | — | — |
| 2025 | +0.6% | +1.4% | −1.8% | −0.9% | −0.6% | +0.5% | −1.0% | +1.0% | +3.1% | +1.1% | +0.2% | −0.2% |
| 2024 | +0.4% | +0.6% | +0.4% | −1.3% | +0.7% | +1.9% | +1.2% | +0.8% | +1.4% | −1.4% | +1.7% | −1.8% |
| 2023 | +3.7% | −2.5% | +1.7% | +0.7% | −0.4% | +1.4% | +0.1% | −0.9% | −3.0% | −2.0% | +7.0% | +3.2% |
| 2022 | −2.5% | −0.8% | −3.5% | −3.3% | +1.4% | −3.2% | +3.5% | −2.3% | −5.5% | −2.1% | +5.5% | −0.5% |
| 2021 | +1.5% | −1.4% | +0.7% | +1.4% | +1.0% | +1.3% | +1.2% | −0.4% | −0.8% | −0.5% | +1.4% | 0.0% |
| 2020 | +2.1% | +2.5% | −7.7% | −2.9% | +3.4% | +3.2% | +2.2% | −0.1% | −0.2% | −0.2% | +2.5% | +1.9% |
| 2019 | — | — | — | — | — | — | +0.7% | +2.4% | −0.4% | −0.1% | +0.3% | +0.4% |
PHMIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.28%
- 3-year Sharpe ratio: 0.12 (vs 4.5% risk-free rate)
- Best month: +7.02% (Nov 2023)
- Worst month: −2.99% (Sep 2023)
PHMIX Fund Flows
Monthly money in and out of PIMCO High Yield Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $753.7M
- 12-month gross sales (incl. reinvestments): $3.1B
- Sales ÷ redemptions: 1.32×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $202.5M | $149.5M | $53.0M |
| May 2026 | $239.4M | $132.5M | $106.9M |
| Apr 2026 | $207.1M | $140.2M | $66.9M |
| Mar 2026 | $262.8M | $346.2M | −$83.4M |
| Feb 2026 | $283.6M | $137.6M | $146.0M |
| Jan 2026 | $260.8M | $130.4M | $130.4M |
| Dec 2025 | $302.5M | $293.3M | $9.2M |
| Nov 2025 | $182.5M | $168.0M | $14.5M |
| Oct 2025 | $226.3M | $117.5M | $108.8M |
| Sep 2025 | $412.2M | $175.1M | $237.1M |
| Aug 2025 | $260.6M | $313.3M | −$52.7M |
| Jul 2025 | $244.5M | $227.5M | $17.0M |
PHMIX Assets Under Management
Net assets of PIMCO High Yield Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $6.36B |
| 2026-03-31 | $6.03B |
| 2025-12-31 | $5.88B |
| 2025-09-30 | $5.75B |
| 2025-06-30 | $5.44B |
| 2025-03-31 | $5.55B |
| 2024-12-31 | $5.42B |
| 2024-09-30 | $5.16B |
| 2024-06-30 | $4.56B |
| 2024-03-31 | $4.19B |
| 2023-12-31 | $3.71B |
| 2023-09-30 | $2.83B |
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.