PIMCO New York Municipal Bond Class A (PNYAX)
PIMCO New York Municipal Bond Class A operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $10.64, up 0.00% on the session, giving a market capitalisation of $1.02B. Its beta of 0.95 implies it has historically moved less than the broad market.
This fund primarily allocates at least 80% of its assets to municipal bonds originating from New York. The interest earnings from these bonds are typically not subject to regular federal or New York state income taxes. The fund has the discretion to invest an unrestricted amount in "private activity" municipal bonds, whose interest might be designated as a tax-preference item for federal Alternative Minimum Tax (AMT) calculations. Moreover, the portfolio managers have the option to employ derivative instruments. It's also important to note that this fund is classified as non-diversified.
PIMCO New York Municipal Bond Class A is most often compared with the following Financial Services names: