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.

Seeking Alpha • Aug 4, 2025

Happy 15th Anniversary MINT

Actively managed fixed income ETFs have been increasingly popular in 2024. Investors have turned to professionals to help navigate the bond market amid shifting monetary and pending fiscal policies.

ETF Trends • Dec 9, 2024

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.

Seeking Alpha • Oct 5, 2024

Growing Supply of Active Municipal Bond ETFs

Actively managed ETFs continued to gain traction in July with $24 billion of net inflows. This represented 19% of the industry's net inflows, which remains impressive given the 7% share of the assets.

ETF Trends • Aug 12, 2024

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.

Seeking Alpha • Apr 15, 2024

Chart of the Week: Advisors Looking at Municipal Bonds Choices

Investors continue to turn to low-cost core taxable bond ETFs in 2024. The Vanguard Total Bond Market ETF (BND) and the iShares Core Aggregate Bond ETF (AGG) gathered $2.5 billion and $2.1 billion, respectively, as of late February.

ETF Trends • Feb 29, 2024

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.

Seeking Alpha • Dec 28, 2023

PIMCO's Active ETF Lineup Keeps Getting Stronger

When I think of actively managed fixed income ETFs, PIMCO is one of the firms to come to mind. David Braun, who manages the PIMCO Active Bond ETF (BOND), helped kick off the VettaFi Fixed Income Symposium.

ETF Trends • Aug 21, 2023

Why the Next Year Is Great for Muni Investors

In today's high rate environment, understanding the impact of high rates on bonds, particularly municipal bonds, makes a difference between capturing alpha opportunity or simply taking on additional risk.

ETF Trends • Jul 24, 2023

Franklin Templeton's Johnston names non-profit healthcare as a muni sector to watch

Jennifer Johnston, Franklin Templeton senior vice president, joins 'The Exchange' to discuss where investors can find value in the muni bond trade.

CNBC Television • Apr 17, 2023