- What does PNYAX invest in?
- 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.
- What is the expense ratio of PNYAX?
- PIMCO New York Municipal Bond Class A (PNYAX) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PNYAX's dividend yield?
- PNYAX's trailing-twelve-month yield is 3.43%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PNYAX?
- Effective duration measures PNYAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PNYAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PNYAX?
- PNYAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PNYAX?
- Yield to maturity (YTM) is the total return you'd earn from PNYAX if every bond in the portfolio is held to maturity at the current price. PNYAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
