PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
Tax Changes Highlight Utility of This Active Muni ETF
The One Big Beautiful Bill Act (OBBBA) contains a plethora of tax alterations that advisors and clients should be aware of. The tax advantages offered by municipal bonds remain in place.
MUNI: Reasonable Income For The Very Risk Averse
MUNI offers diversified, tax-free income via intermediate municipal bonds, with modest interest rate risk and high liquidity. The fund is well-managed and low-cost, but yields are only compelling for top tax bracket investors or the highly risk-averse. Tax advantages make MUNI attractive mainly to those with high marginal tax rates; for most, similar after-tax yields are available elsewhere.
MUNI: Strong PIMCO Muni Bond ETF, Very Low 3.4% Yield, Weak Investment Thesis
MUNI is an actively-managed muni bond ETF from PIMCO. Although the fund's dividends are tax-advantaged, its 3.4% dividend yield is too low for a buy rating. Lots of ETFs provide higher after-tax income to effectively all investors, including CARY and JAAA.
MUNI: A Strong, Active Municipal Bond Play
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF offers tax-exempt income through investment-grade municipal bonds. The MUNI ETF has a diversified portfolio of U.S. dollar-denominated intermediate-term municipal bonds. MUNI faces competition from other municipal bond ETFs but has shown strong performance and a more diversified geographical allocation.
MUNI: Outperforming Competitors, But Still Unattractive
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF is an actively managed municipal bond fund with a flexible strategy and high turnover. The MUNI ETF has a higher risk in credit rating but a lower risk in maturity compared to iShares National Muni Bond ETF. It is more diversified geographically, with a lower allocation to New York and California.
PIMCO Unveils Active Muni Income ETF
The new fund's mandate allows for investments in private activity bonds.
Muni Bonds Surge, Reviving From Worst Crash in Over Four Decades
The rally gained force after the White House and the Senate reached an agreement on a massive package of spending and tax breaks in a bid to prevent the swift shutdown of much of America’s economy from leading to a deep, prolonged recession.