Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

HIMYX Pioneer High Income Municipal Y

  • Fund
  • HIMYX
  • Price as of: Sep 19, 2019
  • $7.40 + $0.01 + 0.14%

HIMYX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $1.5 B
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$7.40
$7.07
$7.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.31%
DIVIDENDS
  • Dividend Yield 3.8%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager David J. 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 with a broad range of maturities.

HIMYX - Performance

Return Ranking - Trailing

Period HIMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% 0.7% 8.7% 83.62%
1 Yr 2.5% 0.2% 7.0% 93.18%
3 Yr -0.4%* -2.0% 2.3% 77.78%
5 Yr 0.6%* -0.7% 2.2% 74.80%
10 Yr 0.2%* -0.4% 2.1% 92.59%

* Annualized


Return Ranking - Calendar

Period HIMYX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.1% -4.6% 9.2% 26.06%
2017 3.0% -9.7% 8.6% 73.97%
2016 -3.6% -4.8% -0.8% 77.14%
2015 -0.1% -5.6% 2.9% 65.04%
2014 4.6% 3.0% 12.9% 95.73%

Total Return Ranking - Trailing

Period HIMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% 0.7% 8.7% 83.62%
1 Yr 2.5% 0.2% 7.0% 93.75%
3 Yr -0.4%* -2.0% 3.5% 77.78%
5 Yr 0.6%* -0.7% 4.8% 74.80%
10 Yr 0.2%* -0.4% 6.2% 92.59%

* Annualized


Total Return Ranking - Calendar

Period HIMYX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.1% -4.6% 9.2% 29.70%
2017 3.0% -9.7% 8.8% 73.97%
2016 -3.6% -4.8% 1.0% 79.29%
2015 -0.1% -5.6% 5.3% 65.04%
2014 4.6% 3.0% 15.0% 95.73%

NAV & Total Return History

HIMYX - Holdings

Concentration Analysis

HIMYX Category Low Category High HIMYX % Rank
Net Assets 1.5 B 25.8 M 21.6 B 36.46%
Number of Holdings 321 6 3616 75.27%
Net Assets in Top 10 227 M 6.78 M 2.21 B 31.87%
Weighting of Top 10 16.18% 4.8% 98.4% 21.98%

Top 10 Holdings

  1. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.28%

  2. TOBACCO SETTLEMENT FING CORP VA 5% 2.19%

  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.84%

  4. HAMMOND IND ECONOMIC DEV REV 7.5% 1.68%

  5. MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 6% 1.52%

  6. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.44%

  7. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 1.41%

  8. TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25% 1.39%

  9. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 1.25%

  10. CALIFORNIA EDL FACS AUTH REV 5% 1.17%


Asset Allocation

Weighting Return Low Return High HIMYX % Rank
Bonds
98.69% 92.64% 103.98% 57.69%
Cash
1.31% -3.98% 7.36% 37.91%
Stocks
0.00% 0.00% 0.37% 36.81%
Preferred Stocks
0.00% 0.00% 0.40% 32.42%
Other
0.00% 0.00% 1.04% 39.01%
Convertible Bonds
0.00% 0.00% 0.01% 32.42%

Bond Sector Breakdown

Weighting Return Low Return High HIMYX % Rank
Municipal
96.73% 92.64% 101.80% 86.81%
Corporate
1.96% 0.00% 5.78% 1.65%
Cash & Equivalents
1.31% -4.28% 7.36% 37.36%
Derivative
0.00% -0.11% 0.05% 35.71%
Securitized
0.00% 0.00% 0.02% 32.42%
Government
0.00% -5.20% 4.94% 34.07%

Bond Geographic Breakdown

Weighting Return Low Return High HIMYX % Rank
US
97.74% 82.84% 100.39% 22.53%
Non US
0.95% 0.00% 13.41% 79.67%

HIMYX - Expenses

Operational Fees

HIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.11% 3.49% 79.55%
Management Fee 0.50% 0.00% 1.32% 45.05%
12b-1 Fee 0.00% 0.00% 1.00% 4.35%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

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

Trading Fees

HIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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.

HIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 1.00% 280.00% 34.25%

HIMYX - Distributions

Dividend Yield Analysis

HIMYX Category Low Category High HIMYX % Rank
Dividend Yield 3.79% 0.00% 19758.73% 3.85%

Dividend Distribution Analysis

HIMYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

HIMYX Category Low Category High HIMYX % Rank
Net Income Ratio 5.31% 0.76% 6.09% 2.27%

Capital Gain Distribution Analysis

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

HIMYX - Managers

David J. Eurkus

Manager

Start Date

Tenure

Tenure Rank

Oct 16, 2006

12.88

12.9%

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

Manager

Start Date

Tenure

Tenure Rank

May 17, 2013

6.29

6.3%

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

0.09

Category High

27.68

Category Average

7.34

Category Mode

6.58