PIMCO New York Municipal Bond Class A
PNYAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- PIMCO Investments LLC distributor MA United States of America
- IPO Date
- Sep 2, 1999
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO New York Municipal Bond Fund Class A (PNYAX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks high current income exempt from regular federal and New York State income taxes, with capital appreciation as a secondary objective. The fund normally invests at least 80% of its assets in a non-diversified portfolio of debt securities rated investment grade or higher, consisting primarily of New York municipal bonds whose interest is exempt from federal and New York income taxes in the opinion of bond counsel; it may invest without limitation in private activity bonds subject to the federal alternative minimum tax and utilizes derivative instruments such as futures, options, and swap agreements to enhance returns or manage risks. Fixed income holdings are predominantly in municipal tax-exempt securities (approximately 95.6%), supplemented by cash equivalents, agency mortgage-backed securities, and municipal taxable bonds; the fund targets mid interest-rate sensitivity and credit quality within the Muni New York Intermediate category. PIMCO, founded in 1971 and headquartered in Newport Beach, California, with key offices including New York, manages the fund as part of its broader active fixed income platform serving institutional, advisor, and wealth management clients across the Americas, Europe, Asia, and the Middle East. Recent strategic developments at PIMCO include raising over $7 billion in December 2025 for new asset-based finance strategies focused on loans backed by residential and consumer assets, including dedicated vehicles for insurance companies ($1.8 billion) and high-net-worth individuals; leading a $26 billion debt financing package with Blue Owl Capital for Meta Platforms' $29 billion Louisiana data center expansion in August 2025; and entering a strategic partnership with KKR and Harley-Davidson in July 2025 involving equity stakes and forward flow agreements for asset-based financing of retail loans, unlocking $1.25 billion in cash for Harley-Davidson. Additional 2025 initiatives encompass launching GOVI and EUGO active ETFs for fixed income exposure, closing a €1.8 billion European data center fund, partnering with Aditum Investment Management in the UAE for feeder funds offering PIMCO strategies to wealth investors, and expanding a 60/40 multi-asset fund targeting $2 billion in Asia. These moves reflect PIMCO's accelerated growth in private credit, asset-based finance, and alternative infrastructure amid evolving market demands.