PNYAX

About PNYAX

The PIMCO New York Municipal Bond Fund Class A is an actively managed mutual fund focusing on tax-advantaged income by investing primarily in New York municipal debt securities. Its main objective is to provide investors with high current income that is exempt from both federal and New York State income taxes, making it particularly relevant for residents of New York seeking to optimize after-tax yield. The fund typically allocates at least 80% of its assets to municipal bonds from New York issuers, including the possibility of "private activity" bonds, which may be subject to the federal alternative minimum tax. It is classified as a non-diversified fund, allowing for significant positions in select issuers, and generally holds a portfolio with intermediate duration, balancing interest rate sensitivity and income stability. In addition to its core municipal holdings, a modest portion of assets may be invested in cash or foreign bonds, with a minor allocation to derivatives for risk or yield management. PIMCO New York Municipal Bond Fund Class A plays a specialized role in the municipal bond market, prioritizing tax-sensitive income generation for New York-based investors and serving as a tool for diversified fixed income exposure within a broader portfolio.