XPYNX

About XPYNX

PIMCO New York Municipal Income Fund III is a closed-end fixed income fund that focuses on generating current income exempt from federal, New York State, and New York City income taxes. Managed by Allianz Global Investors Fund Management LLC and co-managed by Pacific Investment Management Company LLC (PIMCO), the fund invests primarily in a diversified portfolio of municipal bonds issued within New York. Its strategies target at least 90% allocation to tax-exempt municipal securities under normal circumstances, providing an appealing solution for investors seeking tax-advantaged income, particularly those residing in New York. Holdings typically include New York municipal bonds, variable rate notes, and other related debt instruments, aiming to offer income stability and credit quality. The fund serves individuals and institutional investors interested in tax efficiency, municipal bond exposure, and diversified fixed income streams. Through its specialized focus, the fund plays an important role in the municipal bond market, offering a vehicle for investors to access local government debt while potentially mitigating tax liabilities.