PNYAX: PIMCO NY Municipal A

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PNYAX PIMCO NY Municipal A


Profile

PNYAX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $637 M
  • Holdings in Top 10 13.1%

52 WEEK LOW AND HIGH

$11.77
$10.68
$11.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO New York Municipal Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    Oct 19, 1999
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Hammer

Fund Description

The fund normally invests 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"). It may invest without limitation in "private activity" bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax ("AMT"). The fund may invest in derivative instruments. It is non-diversified.


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Categories

Fund Company Quick Screens

PNYAX - Fund Company Quick Screens


Performance

PNYAX - Performance

Return Ranking - Trailing

Period PNYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -4.7% 3.8% 9.80%
1 Yr 1.1% -4.7% 4.5% 7.24%
3 Yr 1.3%* -1.7% 3.7% 13.38%
5 Yr 1.0%* -1.2% 2.9% 19.23%
10 Yr 0.6%* -0.7% 1.1% 16.67%

* Annualized

Return Ranking - Calendar

Period PNYAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 1.5% 9.3% 28.19%
2018 -2.3% -6.6% 5.2% 40.85%
2017 2.4% -2.0% 4.3% 17.29%
2016 -2.7% -6.3% 0.0% 34.35%
2015 -0.4% -4.4% 1.1% 69.23%

Total Return Ranking - Trailing

Period PNYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -4.7% 3.8% 9.80%
1 Yr 1.1% -4.7% 4.5% 7.24%
3 Yr 1.3%* -1.7% 3.7% 20.42%
5 Yr 1.0%* -1.2% 2.9% 23.85%
10 Yr 0.6%* -0.7% 2.9% 27.45%

* Annualized

Total Return Ranking - Calendar

Period PNYAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 1.5% 9.3% 30.20%
2018 -2.3% -6.6% 5.2% 47.18%
2017 2.4% -2.0% 4.3% 24.06%
2016 -2.7% -6.3% 0.9% 40.46%
2015 -0.4% -4.4% 2.1% 75.38%

NAV & Total Return History


Holdings

PNYAX - Holdings

Concentration Analysis

PNYAX Category Low Category High PNYAX % Rank
Net Assets 637 M 37.6 M 5.49 B 35.29%
Number of Holdings 190 48 1243 51.63%
Net Assets in Top 10 79 M -133 M 833 M 42.48%
Weighting of Top 10 13.12% 6.0% 87.0% 88.24%

Top 10 Holdings

  1. NEW YORK N Y 0.75% 1.83%
  2. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.61%
  3. NEW YORK N Y 5% 1.38%
  4. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.75% 1.25%
  5. NEW YORK N Y CITY TR CULTURAL RES REV IAM COML PAPER 3/A2 SER 2014 B2 4.71% 1.25%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.23%
  7. TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% 1.22%
  8. TEXAS ST 4% 1.18%
  9. NEW YORK N Y CITY HSG DEV CORP REV 5.25% 1.10%
  10. TROY N Y 1.75% 1.08%

Asset Allocation

Weighting Return Low Return High PNYAX % Rank
Bonds
86.13% 86.13% 150.13% 100.00%
Cash
13.88% -50.13% 13.88% 2.61%
Stocks
0.00% 0.00% 0.00% 98.04%
Preferred Stocks
0.00% 0.00% 0.00% 98.04%
Other
0.00% -0.61% 1.02% 96.73%
Convertible Bonds
0.00% 0.00% 0.00% 98.04%

Bond Sector Breakdown

Weighting Return Low Return High PNYAX % Rank
Municipal
86.02% 86.02% 100.00% 100.00%
Cash & Equivalents
13.98% 0.00% 13.98% 2.61%
Derivative
0.00% 0.00% 0.00% 98.04%
Securitized
0.00% 0.00% 0.00% 98.04%
Corporate
0.00% 0.00% 2.13% 98.04%
Government
0.00% -0.01% 5.97% 97.39%

Bond Geographic Breakdown

Weighting Return Low Return High PNYAX % Rank
US
84.15% 84.15% 144.44% 100.00%
Non US
1.98% 0.00% 16.04% 56.21%

Expenses

PNYAX - Expenses

Operational Fees

PNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.09% 3.53% 47.37%
Management Fee 0.53% 0.08% 0.70% 84.31%
12b-1 Fee 0.25% 0.00% 1.00% 58.44%
Administrative Fee 0.30% 0.01% 0.32% 97.56%

Sales Fees

PNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.00% 4.75% 97.22%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

PNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 2.00% 114.00% 91.50%

Distributions

PNYAX - Distributions

Dividend Yield Analysis

PNYAX Category Low Category High PNYAX % Rank
Dividend Yield 0.00% 0.00% 0.91% 98.04%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PNYAX Category Low Category High PNYAX % Rank
Net Income Ratio 2.00% 1.28% 6.06% 85.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PNYAX - Fund Manager Analysis

Managers

David Hammer


Start Date

Tenure

Tenure Rank

Aug 20, 2015

4.95

5.0%

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

0.58

0.6%

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 30.6 7.78 8.22