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home / news releases / pml consistently too expensive to consider

PMF - PML: Consistently Too Expensive To Consider

PIMCO Municipal Income Fund
  • PML has had a rough 2022, although in the short term it saw a swift bounce off its lows.
  • With some positive momentum, this CEF could look like a buy. In truth, I do have a favorable outlook for munis as a whole right now.
  • Yet, PML remains stuck on my avoid list. The duration level is too high given how elevated inflation is.
  • Beyond interest rate risk, PML has a premium to NAV above 15%. Buying at those types of levels is just not a long-term strategy for success.

For further details see:

PML: Consistently Too Expensive To Consider
Stock Information
Company Name: PIMCO Municipal Income Fund
Stock Symbol: PMF
Market: NYSE
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