# PIMCO New York Municipal Bond Fund Institutional Class (PNYIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pnyix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Thematic · Inception: 1999-09-02 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... ## Key Facts | Metric | Value | |---|---| | Price | $10.36 | | Expense Ratio | 0.44% | | Assets Under Management | $987.3M | | NAV | $10.36 | | Holdings Count | — | | Distribution Yield (TTM) | 3.81% | | Annual Distribution (TTM) | $0.39 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.03 – $10.86 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.0331 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does PNYIX invest in? 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. ### What is the expense ratio of PNYIX? PIMCO New York Municipal Bond Fund Institutional Class (PNYIX) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PNYIX's dividend yield? PNYIX's trailing-twelve-month yield is 3.81%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PNYIX? Effective duration measures PNYIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PNYIX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PNYIX? PNYIX'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 PNYIX? Yield to maturity (YTM) is the total return you'd earn from PNYIX if every bond in the portfolio is held to maturity at the current price. PNYIX'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. ### Does PNYIX pay a dividend? Yes, PIMCO New York Municipal Bond Fund Institutional Class (PNYIX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.81%. Full dividend history is on this page. ### How often does PNYIX pay dividends? PIMCO New York Municipal Bond Fund Institutional Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PNYIX's next ex-dividend date? The most recently announced ex-dividend date for PNYIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PNYIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.44% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PNYIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PNYIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PNYIX cost more than a fund like VOO? PNYIX's strategy (current expense ratio 0.44%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PNYIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PNYIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PNYIX (0.44%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pnyix - Distribution history: https://www.dividenddata.com/funds/pnyix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pnyix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pnyix/expenses - Peer comparison: https://www.dividenddata.com/funds/pnyix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.