PIMCO New York Municipal Bond Fund Institutional Class
PNYIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Sep 2, 1999
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Funds: Pacific Investment Management Series New York Municipal Bond Fund Institutional Class (PNYIX) is an open-end mutual fund that seeks high current income exempt from both federal and New York State income taxes, with capital appreciation as a secondary objective. The fund primarily invests at least 80% of its net assets in a diversified portfolio of debt securities issued by the State of New York, its political subdivisions, agencies, and instrumentalities; municipal tax-exempt bonds including general obligation bonds, revenue bonds, and notes; and other fixed-income instruments such as variable and floating rate securities, zero-coupon bonds, and municipal money market instruments, with holdings concentrated in sectors like municipal tax-exempt obligations (approximately 95.61%), cash equivalents, and agency mortgage-backed securities. Top holdings typically include New York City municipal water and sewer system revenue bonds, transitional finance authority revenue bonds, and similar New York-specific issuances, representing over 10% of the portfolio. Managed by PIMCO, a global leader in active fixed income management founded in 1971 and headquartered in Newport Beach, California, the fund operates within the Muni New York Intermediate category, targeting institutional investors with a minimum initial investment of $1 million USD. PIMCO, owned by Allianz SE, maintains offices worldwide including New York, London, Munich, and Sydney, supporting its broad fixed income strategies across public and private markets. The Institutional Class (PNYIX), launched on August 31, 1999, features a net expense ratio of 0.45%, daily pricing, and total net assets of approximately $878 million USD as of the latest reporting, with the share class at $297 million USD. Current portfolio managers include David Hammer, who joined in August 2015, and Kyle Christine, added in April 2023, reflecting recent team enhancements to bolster expertise in municipal credit and New York-specific debt markets. While PIMCO completed its acquisition of Gurtin Municipal Bond Management in 2019 to expand municipal capabilities, more recent firm-wide developments include strategic mergers of closed-end municipal bond funds such as PMF/PMX into PML and others in June 2025 to improve efficiency and liquidity, alongside portfolio manager transitions in related strategies during 2025. These changes underscore PIMCO's ongoing optimization of its municipal bond platform amid evolving market conditions and interest rate volatility.