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PIMCO National Municipal Opportunistic Advantage Fund Institutional Shares GNMFX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | GNMFX | Replication |
|---|---|---|
| Annualized growth | 0.5% | 0.5% |
| Annualized volatility | 4.2% | 4.2% |
| Sharpe ratio | 0.14 | 0.14 |
| Maximum drawdown | 7.9% | 10.1% |
| Replication fit (R²) | 0.94 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model GNMFX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 82.3% |
| STIP | FI · Short TIPS | 14.1% |
| VCSH | FI · Short Corp | 3.6% |