Explore Our Funds

A Singular Focus on Municipal Investments

Our Approach

Tailoring Our Process to Best Serve Our Partners

Shared Philosophy

Available to investors exclusively through a select group of approved advisor firms, our mutual funds are designed to support co-investment with like-minded, buy-and-hold investors who understand the funds' disciplined management approach.

Deep Expertise

Our investment team’s collective decades of experience, as well as our proprietary technology and research, has enabled the deep expertise necessary to seek enhanced returns and value for municipal investors.

Broader Access

Administered with the same disciplined research and investment style as in our separately managed accounts, our mutual funds are available to investors with a lower minimum investment requirement, while enabling greater portfolio diversification.

Investor Benefits

Pursuing a Shared Objective with a Patient Approach

Aligning Like-Minded Investors

Designed specifically with our registered investment advisor (RIA) partners in mind, the Funds effectively create a network of advisors who share our distinct investment philosophy and who are committed to the long-term fund objectives. Through an informal RIA education process, we equip those who are advising fund co-investors with a solid understanding of our investment philosophy and objectives. In so doing, we endeavor to offer funds whose outflows reflect a “buy-and-hold” investor mentality.

Positioning for Opportunity

Additionally, in the management of the PIMCO Gurtin National Municipal Opportunistic Value Fund (GNMFX) and PIMCO Gurtin California Municipal Opportunistic Value Fund (GCMFX), we endeavor to minimize cash drag while positioning the Opportunistic Value Funds to be able to take advantage of fleeting opportunities to achieve above-market yields. Maintaining a patient approach to investment, we deliberately call capital from an investor queue as attractive investment opportunities become readily available.

Advisor Education

A Shared Understanding

Our educational onboarding process for advisors is designed to clearly outline the goals of our mutual funds and confirm our shared investment objectives. In this way, we hope to ensure a partnership in which we can work together to provide the long-term investment experience that your clients desire.

At the conclusion of this process, advisors can expect to be fully educated on our mutual funds’ suitability for long-term investors and fund flow management, as well as the terms and conditions of purchasing fund shares.

Our Queuing System

Enabling Disciplined Investment

As a part of our distinctive management approach, we utilize a queuing system in the Opportunistic Value funds to regulate capital inflows, allowing us greater discretion over market timing in purchase decisions. By implementing this queuing system, we intend to more strategically deploy capital during times of market dislocation. Through patient investment, we seek to capitalize on market opportunities, while avoiding charging our clients management fees on uninvested capital.

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Ready to Invest?

Make an Intermediate Value Fund Purchase

Once you have undergone our advisor approval process, you can take advantage of your exclusive access to our mutual fund offerings at any time. For your convenience, you can directly purchase shares through our diverse range of custodian partners, including:

  • Charles Schwab
  • TD Ameritrade
  • Fidelity

Purchase the PIMCO Intermediate Value Funds:

OR

Enter the Opportunistic Value Fund Queue

Approved advisors can gain access to our Opportunistic Value mutual funds by entering the queue. With our queuing system, we strategically call capital from interested investors as market opportunities arise, allowing for calculated investment decisions with the long-term goal of capturing greater risk-adjusted return and minimizing cash drag.

If you are already an authorized advisor, join the queue:

Join The Queue

Become an Approved Advisor

Join Our Community of Approved Advisors

In joining our network of approved advisors, you partner with us in a shared commitment to uncovering the best investment outcome for your clients, and join the ranks of advisor partners who have undergone our advisor education program to gain access to funds designed to avoid forced selling during periods of municipal market stress.


To indicate your interest in joining our community of advisors and gaining access to our mutual funds, please fill out the form to the right or contact a member of our team by emailing mutualfunds@gurtin.com.

IMPORTANT MUTUAL FUND DISCLOSURES

Past performance is not a guarantee of future results. There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

The Funds are jointly managed by Jim Grandinetti, Bill Gurtin, Michael Johnson, Brian Hannibal, and Myles Grenier of Gurtin Municipal Bond Management (“Gurtin”), a PIMCO company. Gurtin serves as a sub-adviser to the Funds.

This resource is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy interest/shares in the PIMCO Gurtin Funds. PIMCO acquired Gurtin on January 2, 2019. The former Gurtin Funds were reorganized and commenced operations on March 18, 2019. The investment objective and investment strategy for the funds remain the same.

Before investing, an investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information can be found in the fund's prospectus available from your investment professional or at www.pimco.com. Please read the prospectus carefully before investing.

PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.