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PMX Pimco Municipal Income Fund III

Pimco Municipal Income Fund III seeks current income exempt from federal income tax. A tax-sensitive approach to investing can provide tangible advantages to investors seeking current income, especially those in higher tax brackets. Investing primarily in a portfolio of municipal bonds, the fund seeks to provide current income exempt from federal income tax. Under normal circumstances, the fund will invest at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal income taxes (i.e., excluded from gross income for federal income tax purposes but not necessarily exempt from the federal alternative minimum tax). The fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The fund invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality (Baa or higher by Moody’s Investors Service, Inc. (“Moody’s) or BBB or better by S&P Global Ratings (“S&P”) or Fitch, Inc. (“Fitch”)), or bonds that are unrated but determined to be of comparable quality by PIMCO. The fund may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody’s, S&P or Fitch or lower or that are unrated but judged to be of comparable quality by PIMCO. The portfolio manager also aims to preserve and enhance the value of the fund’s holdings relative to the municipal bond market, generally, using proprietary analytical models that test and evaluate the sensitivity of those holdings to changes in interest rates and yield relationships. PIMCO is qualified to respond to recent changes in the municipal bond market, with an extensive network of credit research capabilities to address concerns about creditworthiness, which is critical to municipal bond investing. Additionally, PIMCO has the market presence to provide access to the new issue and secondary markets.

Company profile

Ticker
PMX
Exchange
CEO
Eric D. Johnson
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
556145593

PMX stock data

(
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Calendar

2 Sep 21
18 Oct 21
31 Dec 21

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

15.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 51 54 -5.6%
Opened positions 4 11 -63.6%
Closed positions 7 9 -22.2%
Increased positions 16 21 -23.8%
Reduced positions 15 6 +150.0%
13F shares
Current Prev Q Change
Total value 39.29M 196.84M -80.0%
Total shares 5.15M 5.3M -2.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
First Trust Portfolios 2.14M $0 0.0%
Guggenheim Capital 697.66K $9.12M +16.9%
Gill Capital Partners 575.36K $7.52M -3.0%
UBS UBS Group AG - Registered Shares 323.34K $4.23M -36.3%
Advisor 136.52K $1.79M -6.4%
BAC Bank Of America 118.86K $1.55M -27.1%
Parametric Portfolio Associates 99.79K $1.3M -3.7%
Van Eck Associates 87.26K $1.14M +10.3%
Summit Trail Advisors 86.76K $1.14M -0.9%
MS Morgan Stanley 84.21K $1.1M -0.5%
Largest transactions
Shares Bought/sold Change
UBS UBS Group AG - Registered Shares 323.34K -184.42K -36.3%
Guggenheim Capital 697.66K +100.95K +16.9%
Allegiant Private Advisors 45K +45K NEW
BAC Bank Of America 118.86K -44.14K -27.1%
C Citigroup 0 -33.49K EXIT
Gill Capital Partners 575.36K -17.56K -3.0%
Newbridge Financial Services 14.74K +14.74K NEW
Archer Investment 0 -12.82K EXIT
Janney Montgomery Scott 0 -12.73K EXIT
Cetera Advisor Networks 12.5K +12.5K NEW