For PHMIX owners

[chang]

The article is 4 months old, but still current. I must have missed it earlier.

www.barrons.com/articles/high-yield-muni-bond-fund-pimco-51614726299

[yogibearbull]

It was in Barron's, March 8 issue, big-bang-investors.proboards.com/thread/311/barron-march-8-2021-2

"Pg 29: David Hammer of HY muni PYMAX/PHMIX [and Head of muni group at Pimco] says that investment-grade muni are rich now; HY munis have spreads of only 260 bps, so he is selective. Fund’s top holdings are munis from IL, NY, CA; also, some exposure to PR. He avoids big blowups or restructurings. He balances rate and credit risks with a diverse portfolio of GOs, revenue bonds, taxable munis. HY munis have higher volatility due to their illiquidity."

[chang]

Thanks yogibearbull I really don't know how I missed that!

M* Analyst report has a negative teaser: "Instability in the analyst ranks supporting this strategy are worthy of monitoring." I can't read any further than that. Does anybody with a premium subscription care to share the jist of the report?

[yogibearbull]

chang, there was a discussion on this earlier but it got burried in another thread, big-bang-investors.proboards.com/search/results?what_at_least_one=gurtin&who_only_made_by=0&display_as=0

[rhythmmethod]

Jul 3, 2021 12:40:16 GMT chang said:

Thanks yogibearbull I really don't know how I missed that!

M* Analyst report has a negative teaser: "Instability in the analyst ranks supporting this strategy are worthy of monitoring." I can't read any further than that. Does anybody with a premium subscription care to share the jist of the report?

Just sent you a PM - I think? Wasn't able to confirm if it went through. Let me know. Basically blah - blah - blah, IMO.