PBFCX

About PBFCX

PIMCO New York Municipal Bond Fund Class C is an open-end mutual fund focused on providing investors with high current income that is exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by New York state and its municipalities, including bonds supporting public infrastructure, transportation, and community development projects. It targets intermediate maturities, generally in the 4 to 6-year duration range, aligning with portfolios that balance income generation and interest rate sensitivity. Marketed towards New York residents seeking tax-advantaged income, the fund’s holdings are chosen to maintain credit quality while managing risk and return over changing market cycles. Managed by PIMCO, a leading fixed income manager, the fund plays a specialized role in municipal markets, offering state-specific tax efficiency and consistent exposure to New York’s public finance sector. Capital appreciation serves as a secondary objective, but the primary emphasis remains on tax-exempt income for individual, taxable portfolios.