HICMX: Pioneer High Income Municipal C

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HICMX Pioneer High Income Municipal C


Profile

HICMX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $1.74 B
  • Holdings in Top 10 19.0%

52 WEEK LOW AND HIGH

$7.30
$6.65
$7.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.61%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer High Income Municipal Fund
  • Fund Family Name
    Pioneer Investments
  • Inception Date
    Oct 16, 2006
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Eurkus

Fund Description

The fund invests at least 80% of its net assets in debt securities and other obligations issued by or on behalf of states, counties, municipalities, territories and possessions of the United States and the District of Columbia and their authorities, political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax ("municipal securities"). It may invest in municipal securities of any maturity.


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Categories

Performance

HICMX - Performance

Return Ranking - Trailing

Period HICMX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -10.7% 3.8% 75.76%
1 Yr -3.3% -11.6% 5.3% 80.51%
3 Yr 0.1%* -1.2% 3.5% 58.86%
5 Yr 0.1%* -2.2% 2.8% 69.39%
10 Yr -0.7%* -1.4% 2.0% 96.15%

* Annualized

Return Ranking - Calendar

Period HICMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -0.7% 9.1% 82.81%
2018 -1.2% -4.8% 9.2% 25.84%
2017 3.0% -9.7% 8.6% 71.70%
2016 -3.5% -6.1% -0.8% 73.03%
2015 0.0% -5.6% 2.9% 56.30%

Total Return Ranking - Trailing

Period HICMX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -10.7% 3.8% 75.76%
1 Yr -3.3% -11.6% 5.3% 80.51%
3 Yr 0.1%* -1.2% 3.5% 61.71%
5 Yr 0.1%* -2.2% 3.2% 69.39%
10 Yr -0.7%* -1.4% 4.5% 96.15%

* Annualized

Total Return Ranking - Calendar

Period HICMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -0.7% 9.1% 82.81%
2018 -1.2% -4.8% 9.2% 30.90%
2017 3.0% -9.7% 8.8% 73.58%
2016 -3.5% -6.1% 1.1% 75.00%
2015 0.0% -5.6% 5.3% 58.52%

NAV & Total Return History


Holdings

HICMX - Holdings

Concentration Analysis

HICMX Category Low Category High HICMX % Rank
Net Assets 1.74 B 590 K 18.9 B 33.17%
Number of Holdings 313 5 3546 65.84%
Net Assets in Top 10 312 M -38.7 M 2.74 B 29.21%
Weighting of Top 10 19.04% 4.8% 96.4% 21.50%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.81%
  2. TOBACCO SETTLEMENT FING CORP VA 5% 2.73%
  3. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.97%
  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.92%
  5. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 1.80%
  6. MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 6% 1.65%
  7. METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5% 1.63%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.57%
  9. PUERTO RICO COMWLTH 8% 1.48%
  10. METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5% 1.47%

Asset Allocation

Weighting Return Low Return High HICMX % Rank
Bonds
97.10% 0.00% 148.07% 71.43%
Cash
2.90% -1.38% 100.00% 24.26%
Stocks
0.00% 0.00% 4.46% 41.87%
Preferred Stocks
0.00% -48.07% 0.00% 32.67%
Other
0.00% -0.04% 1.95% 42.57%
Convertible Bonds
0.00% 0.00% 0.00% 32.67%

Bond Sector Breakdown

Weighting Return Low Return High HICMX % Rank
Municipal
96.60% 0.00% 100.00% 78.22%
Cash & Equivalents
2.90% 0.00% 100.00% 23.76%
Corporate
0.51% 0.00% 9.75% 13.37%
Derivative
0.00% 0.00% 0.25% 34.65%
Securitized
0.00% 0.00% 0.00% 32.67%
Government
0.00% -2.36% 0.86% 43.07%

Bond Geographic Breakdown

Weighting Return Low Return High HICMX % Rank
US
93.98% 0.00% 141.91% 37.62%
Non US
3.12% 0.00% 16.32% 72.28%

Expenses

HICMX - Expenses

Operational Fees

HICMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.61% 0.18% 7.04% 20.90%
Management Fee 0.50% 0.00% 1.25% 46.80%
12b-1 Fee 1.00% 0.00% 1.00% 83.48%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

HICMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 41.86%

Trading Fees

HICMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HICMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.10% 314.00% 35.64%

Distributions

HICMX - Distributions

Dividend Yield Analysis

HICMX Category Low Category High HICMX % Rank
Dividend Yield 0.00% 0.00% 0.62% 34.98%

Dividend Distribution Analysis

HICMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

HICMX Category Low Category High HICMX % Rank
Net Income Ratio 4.06% -0.98% 5.67% 22.39%

Capital Gain Distribution Analysis

HICMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HICMX - Fund Manager Analysis

Managers

David Eurkus


Start Date

Tenure

Tenure Rank

Oct 16, 2006

13.8

13.8%

David J. Eurkus is Managing Director, Portfolio Manager and Director of Municipals at Amundi Pioneer. He is a Portfolio Manager on open-end and closed-end national high yield municipal bond and national investment grade municipal bond strategies. He also leads the Municipals team based in Boston. Prior to joining Amundi Pioneer, David was a Senior Vice President and Portfolio Manager at Brown Brothers Harriman, where he managed municipal bond portfolios. Previously, he served as a Senior Vice President and Senior Portfolio Manager at Putnam Investments, where he managed several tax-exempt mutual funds.

Jonathan Chirunga


Start Date

Tenure

Tenure Rank

May 17, 2013

7.21

7.2%

Jonathan M. Chirunga, Senior Vice President, Portfolio Manager, and member of the Municipals team, at Amundi Pioneer. He is a Portfolio Manager on open-end and closed-end national high yield municipal bond and national investment grade municipal bond strategies. Prior to joining Amundi Pioneer, Jonathan spent ten years at T. Rowe Price as a Municipal Credit Analyst covering municipal debt offerings for transportation, charter schools, tax allocation bonds, land-based real estate bonds, project finance bonds, including public-private partnerships, and tax-backed debt in the southeastern and central regions of the United States, providing buy, sell, and hold recommendations for a range of municipal bond funds. He also spent three years as a Municipal Credit Analyst at Standard & Poor’s, covering municipal debt offerings for Indian Gaming and other bond offerings backed by revenues related to Indian sovereignties, charter schools, tax allocation bonds, land-based real estate bonds, and tax-backed debt in the western region of the United States. Prior to Standard & Poor’s, Mr. Chirunga served as a Corporate Credit Analyst at Hewlett Packard Company, and was responsible for establishing credit for the company’s top 75 value-added resellers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 28.6 7.12 0.69