PIMCO NEW YORK MUNICIPAL INCOME FUND II Overview
Pro stress-test →PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests at least 90% of its net assets in municipal bonds which pay interest exempt from regular federal, New York State and New York City income taxes. It targets tax-advantaged income for New York-based investors.
Strategic Profile
Pro stress-test →The fund employs proprietary analytical models to make its investments. It also invests in New York variable rate notes, variable rate demand notes, and U.S. treasury bills to diversify beyond municipal bonds. As a closed-end fund, PNI trades on the NYSE and maintains a distinct market premium/discount to net asset value, distinguishing it from open-end municipal bond mutual funds.
Competitive Landscape
Pro stress-test →Primary competitors include other closed-end municipal income funds such as BlackRock MuniYield New York Quality Fund (MYN), BlackRock MuniHoldings New York Quality Fund (MHN), and Neuberger Berman Municipal Fund (NBH). These funds compete on yield, duration, credit quality, and tax-exemption breadth. PIMCO's scale and proprietary models provide competitive positioning in municipal bond selection and risk management.
Industry Context
PIMCO NEW YORK MUNICIPAL INCOME FUND II operates in Closed-end municipal bond funds.
Key facts
Founded: 2002 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A