PIMCO Fds Pac Inv Mgt Srs NY Muni Bd Fd Insti Cl (PNYIX) Research
This investment vehicle primarily aims to generate a high level of current income that is exempt from both federal and New York State income taxes, with capital growth serving as a secondary objective. Typically, at least 80% of the fund's assets are allocated to debt securities. The interest income from these securities, as affirmed by the issuer's bond counsel at their issuance, must be free from regular federal and New York income taxation, hence their designation as "New York Municipal Bonds." The fund has no limitations on acquiring "private activity" bonds, even though their interest is considered a tax-preference item for purposes of the federal Alternative Minimum Tax (AMT). Furthermore, the fund retains the option to utilize derivative financial instruments. It operates as a non-diversified fund.
Market snapshot
- Symbol
- PNYIX
- Price
- $10.76
- Day change
- +0.09%
- Market cap
- $992.6M
- 52-week range
- 10.29-10.86
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Applied Finance Explorer fund Investor Class (AFDVX)
- American Century One Choice Portfolio: Aggressive Investor Class (AOGIX)
- American Century One Choice 2050 Ptf Investor Class (ARFVX)
- Artisan Mid Cap Value Fd Investor Shs (ARTQX)
- Clarkston Partners Fund Institutional Class (CISMX)
- Six Circles Tax Aware Ult Shr Dur (CUTAX)
- Fidelity Select Insurance Portfolio (FSPCX)
- T. Rowe Price European Stock (PRESX)
Open PIMCO Fds Pac Inv Mgt Srs NY Muni Bd Fd Insti Cl (PNYIX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.