Pimco New York Municipal Income Fund II
0.14 %
1.52 %
Yet to be announced
Company Overview
PIMCO New York Municipal Income Fund II is a closed-end management investment company. The Fund's primary investment objective is to provide current income exempt from federal, New York State and New York City income tax. The Fund invests primarily in municipal bonds that pay interest that is exempt from federal, New York State and New York City income tax.
The Fund invests at least 90% of its assets in municipal bonds that pay interest exempt from both federal and New York state income taxes. These bonds are issued by New York municipalities to fund public projects like schools, highways, hospitals, and water treatment facilities.
Revenue Sources
FailAs an investment fund focused on municipal bonds, the Fund's primary revenue comes from interest income derived from these bonds. While these bonds finance public infrastructure and essential services, the business model is fundamentally based on interest income.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|
The Fund's business model is entirely centered around interest-based income from municipal bonds. Both its revenue structure and operational model are fundamentally based on interest income and interest rate differentials. The interest-based nature of the business is not incidental but rather core to its operations.
Operational Ethics
PassBased on review of the Fund's public disclosures and investment holdings, there is no evidence of direct material associations with entities involved in human rights violations. The Fund primarily invests in New York municipal bonds.
Login to join the discussion