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Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO New York Municipal Bond Fund

PNYNX | Fund

$10.95

$802 M

3.40%

$0.37

0.65%

Vitals

YTD Return

3.4%

1 yr return

5.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$802 M

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO New York Municipal Bond Fund

PNYNX | Fund

$10.95

$802 M

3.40%

$0.37

0.65%

PNYNX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO New York Municipal Bond Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Jan 19, 2022
  • Shares Outstanding
    N/A
  • Share Class
    I3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Hammer

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and New York income tax (“New York Municipal Bonds”). New York Municipal Bonds generally are issued by or on behalf of the State of New York and its political subdivisions, financing authorities and their agencies. The Fund may invest in debt securities of an issuer located outside of New York whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and New York income tax. By concentrating its investments in New York, the Fund will be subject to New York State-Specific Risk. The Fund may invest without limitation in “private activity” bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax (“AMT”). For shareholders subject to the AMT, a substantial portion of the Fund’s distributions may not be exempt from federal income tax.The Fund may invest 25% or more of its total assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”) that finance education, health care, housing, transportation, utilities and other similar projects, and 25% or more of its total assets in industrial development bonds. The Fund may invest the remainder of its net assets in other types of Fixed Income Instruments. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund normally varies within (negative) 2 years to positive 4 years of the portfolio duration of the securities comprising the Bloomberg New York Municipal Bond Index, as calculated by PIMCO, which as of May 31, 2024 was 6.72 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The portfolio manager focuses on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices. Capital appreciation, if any, generally arises from decreases in interest rates or improving credit fundamentals for a particular state, municipality or issuer.The Fund invests primarily in investment grade debt securities, but may invest up to 20% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may also invest in securities issued by entities, such as trusts, whose underlying assets are Municipal Bonds, including, without limitation, residual interest bonds. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities.
Read More

PNYNX - Performance

Return Ranking - Trailing

Period PNYNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -4.9% 34.7% 37.88%
1 Yr 5.8% -1.6% 40.8% 33.78%
3 Yr N/A* -10.3% 5.2% 50.17%
5 Yr N/A* -6.5% 1104.6% 41.04%
10 Yr N/A* -0.9% 248.9% 27.87%

* Annualized

Return Ranking - Calendar

Period PNYNX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -1.4% 41.0% 11.92%
2022 N/A -39.7% 0.3% N/A
2021 N/A -5.6% 6.9% N/A
2020 N/A -2.6% 310.0% N/A
2019 N/A 0.0% 26.0% N/A

Total Return Ranking - Trailing

Period PNYNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -4.9% 34.7% 37.88%
1 Yr 5.8% -1.6% 40.8% 33.78%
3 Yr N/A* -10.3% 5.2% 46.79%
5 Yr N/A* -6.5% 1104.6% 33.24%
10 Yr N/A* -0.9% 248.9% 27.99%

* Annualized

Total Return Ranking - Calendar

Period PNYNX Return Category Return Low Category Return High Rank in Category (%)
2023 8.0% -1.3% 41.0% 6.13%
2022 N/A -39.7% 1.1% N/A
2021 N/A -4.8% 23761504.0% N/A
2020 N/A -1.5% 17057.9% N/A
2019 N/A 0.2% 3514.6% N/A

NAV & Total Return History

PNYNX - Holdings

Concentration Analysis

PNYNX Category Low Category High PNYNX % Rank
Net Assets 802 M 3.22 M 71.9 B 34.48%
Number of Holdings 224 4 13418 51.65%
Net Assets in Top 10 181 M -317 M 3.09 B 24.58%
Weighting of Top 10 23.22% 1.8% 100.3% 27.02%

Top 10 Holdings

  1. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 8.60%
  2. NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR 2.64%
  3. NEW YORK CITY NY HSG DEV CORP NYCMFH 04/35 ADJUSTABLE VAR 1.79%
  4. NEW YORK CITY NY TRANSITIONAL NYCGEN 08/42 ADJUSTABLE VAR 1.66%
  5. NEW YORK ST DORM AUTH ST PERSO NYSHGR 03/38 FIXED 5 1.58%
  6. NEW YORK CITY NY TRANSITIONAL NYCGEN 11/42 ADJUSTABLE VAR 1.54%
  7. NEW YORK CITY NY TRANSITIONAL NYCGEN 08/40 FIXED 5.25 1.45%
  8. NEW YORK ST PWR AUTH REVENUE NYSPWR 11/45 FIXED 4 1.40%
  9. NEW YORK ST DORM AUTH REVENUES NYSHGR 07/50 FIXED 4 1.29%
  10. NEW YORK CITY NY TRANSITIONAL NYCGEN 08/39 ADJUSTABLE VAR 1.28%

Asset Allocation

Weighting Return Low Return High PNYNX % Rank
Bonds 		93.16% 0.00% 150.86% 92.48%
Cash 		8.60% -50.86% 44.62% 5.17%
Stocks 		0.00% 0.00% 99.78% 41.21%
Preferred Stocks 		0.00% 0.00% 0.07% 32.44%
Other 		0.00% -3.69% 53.54% 40.23%
Convertible Bonds 		0.00% 0.00% 0.93% 31.96%

Bond Sector Breakdown

Weighting Return Low Return High PNYNX % Rank
Municipal 		95.68% 44.39% 100.00% 76.80%
Cash & Equivalents 		8.60% 0.00% 44.41% 4.50%
Derivative 		0.00% -3.69% 53.54% 38.35%
Securitized 		0.00% 0.00% 5.93% 33.51%
Corporate 		0.00% 0.00% 9.41% 44.23%
Government 		0.00% 0.00% 52.02% 36.95%

Bond Geographic Breakdown

Weighting Return Low Return High PNYNX % Rank
US 		93.16% 0.00% 142.23% 91.54%
Non US 		0.00% 0.00% 23.89% 36.60%

PNYNX - Expenses

Operational Fees

PNYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 8.02% 60.22%
Management Fee 0.65% 0.00% 1.20% 97.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PNYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PNYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PNYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 283.00% 66.98%

PNYNX - Distributions

Dividend Yield Analysis

PNYNX Category Low Category High PNYNX % Rank
Dividend Yield 3.40% 0.00% 14.51% 13.02%

Dividend Distribution Analysis

PNYNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PNYNX Category Low Category High PNYNX % Rank
Net Income Ratio 2.10% -0.53% 5.33% 41.33%

Capital Gain Distribution Analysis

PNYNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

PNYNX - Fund Manager Analysis

Managers

David Hammer

Start Date

Tenure

Tenure Rank

Aug 20, 2015

6.78

6.8%

Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.

Rachel Betton

Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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