Mutual Fund Insights: PIMCO NY Municipal Instl Fund (PNYIX)

In-depth Analysis of PIMCO NY Municipal Instl Fund (PNYIX)

3 months 6 months 1 year 3 year 5 year

See PIMCO NY Municipal Instl Fund (PNYIX) performance details as of February 28, 2010

  

Last Trade: $10.88 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - John Cummings

Fund Manager Tenure: 1.3 years   [Similar Funds: PNYAX  PNYDX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Mr. John Cummings is an executive vice president and head of the municipal bond desk in the Newport Beach office. Prior to joining PIMCO in 2002, John Cummings was vice president, municipal trading at Goldman Sachs and was responsible for a number of municipal sectors, including industrials, airlines, utilities, healthcare and high-yield. John Cummings has 28 years of investment experience and holds an MBA, as well as his undergraduate degree, from Rutgers University.  Get more insights on John Cummings

  

 What we like about PIMCO NY Municipal Instl Fund (PNYIX)

Data for PIMCO NY Municipal Instl Fund (PNYIX) as of February 28, 2010

• PIMCO NY Municipal Instl Fund (PNYIX) has good mid-term performance (3-year return 3.73% vs 3.67 % Muni New York Int/Sh category average)
• PIMCO NY Municipal Instl Fund (PNYIX) has good Long-term performance (5-year return 3.97% vs 3.43 % Muni New York Int/Sh category average)
• PIMCO NY Municipal Instl Fund (PNYIX) ratio of up-years vs down years is greater than 2
• PIMCO NY Municipal Instl Fund (PNYIX) has a Morningstar rating of 4 and above
• PIMCO NY Municipal Instl Fund (PNYIX) has a lower management fee than its Muni New York Int/Sh average: 0.45% vs 0.98%
• PIMCO NY Municipal Instl Fund (PNYIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about PIMCO NY Municipal Instl Fund (PNYIX)

Data for PIMCO NY Municipal Instl Fund (PNYIX) as of February 28, 2010

• PIMCO NY Municipal Instl Fund (PNYIX) management has been with PIMCO NY Municipal Instl Fund for only 1.3 years, it is hard to judge manager's ability based on this fund's operation record
• PIMCO NY Municipal Instl Fund (PNYIX) has a less-than-ideal short-term performance (1-year return 10.88% vs 8.28 % Muni New York Int/Sh category average)
• PIMCO NY Municipal Instl Fund (PNYIX) has an annual stock turnover rate of 121.00% that is higher than the Muni New York Int/Sh average of 33.99%. This could mean PIMCO NY Municipal Instl is more nimble, but also signal potential high tax impact and high trading fees
• PIMCO NY Municipal Instl Fund (PNYIX) does not have a good risk adjusted return as its 3-year Alpha of -0.61 is worse than category average of -0.38, and its 3-year Sharpe ratio is 0.34
• PIMCO NY Municipal Instl Fund (PNYIX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.8 that is higher than category average of 5.21

See PIMCO NY Municipal Instl Fund (PNYIX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Muni New York Int/Sh category?

Below are some additional Muni New York Int/Sh mutual funds generated out of our database

• See top fund managers for Muni New York Int/Sh Category Funds
• Browse other funds in Muni New York Int/Sh Category

  

PIMCO NY Municipal Instl Fund (PNYIX) Net Asset

Track net asset change of PIMCO NY Municipal Instl fund (PNYIX)

Date	Net Asset
02/2010	$165.93M
01/2010	$93.10M
11/2009	$95.35M

More historic net asset information on PIMCO NY Municipal Instl Fund (PNYIX)

  

PIMCO NY Municipal Instl Fund (PNYIX) Portfolio Allocation

Track portfolio allocation change of PIMCO NY Municipal Instl fund (PNYIX)

Date	Cash	Stock	Bond	Other
09/2009	2.94%	0%	97.06%	0%
06/2009	1.03%	0%	98.97%	0%
03/2009	2.75%	0%	97.25%	0%

Click here to see more historic asset allocation information on PIMCO NY Municipal Instl Fund (PNYIX)

  

Most Recent Top 10 Holdings in PIMCO NY Municipal Instl Fund (PNYIX)

Discover what PIMCO NY Municipal Instl Fund (PNYIX) manager is buying

30-Sep-09 New York N Y City Transitional Rev Bd 5% [3.55%] Triborough Brdg & Tunl Auth 5% [2.62%] Liberty N Y Dev Corp Rev Rev Bds 5.25% [2.52%] New York St Environmental Facs Rev Bd 5% [2.21%] New York St Environmental Facs Rev Bd 5% [2.16%] Port Auth 4.75% [1.9%] New York St Loc Govt Assistanc Ref Se 5% [1.83%] Oneida Cnty N Y Indl Dev Agy C Rev Bd 5% [1.8%] New York N Y City Mun Wtr Fin Rev Bds 5% [1.79%] New York N Y City Tr Cultural Rev Bds 5% [1.73%]

30-Jun-09 New York N Y City Transitional Rev Bd 5% [3.76%] New York St Environmental Facs Rev Bd 5% [2.43%] New York St Environmental Facs Rev Bd 5% [2.33%] Port Auth 4.75% [2.02%] New York St Loc Govt Assistanc Ref Se 5% [2.01%] Liberty N Y Dev Corp Rev Rev Bds 5.25% [2%] Oneida Cnty N Y Indl Dev Agy C Rev Bd 5% [1.98%] New York N Y City Tr Cultural Rev Bds 5% [1.92%] New York N Y City Mun Wtr Fin Rev Bds 5% [1.9%] Puerto Rico Comwlth Ref Go Bd [1.89%]

31-Mar-09 Mcdx 5y Muni Sp Gst [28.71%] New York N Y City Transitional Rev Bd 5% [3.89%] NEW YORK N Y G.O. BDS [3.06%] New York St Environmental Facs Rev Bd 5% [2.53%] Puerto Rico Comwlth Ref Go Bd [2.26%] Port Auth 4.75% [2.07%] ONEIDA CNTY N Y INDL DEV AGY C REV BDS [2.03%] New York N Y City Mun Wtr Fin Rev Bds 5% [1.97%] New York N Y City Tr Cultural Rev Bds 5% [1.95%] Liberty N Y Dev Corp Rev Rev Bds 5.25% [1.93%]

Click here for Stock Holding Change Map in PIMCO NY Municipal Instl Fund (PNYIX)

  

Related books and products to PIMCO NY Municipal Instl Fund (PNYIX)

  

Latest News on PIMCO NY Municipal Instl (PNYIX)

See what is happening with PIMCO NY Municipal Instl Fund (PNYIX)

Yahoo! Finance: RSS feed not found See more news on PIMCO NY Municipal Instl Fund (PNYIX)

 

Books and Resources

 

 

See more information on PIMCO NY Municipal Instl Fund (PNYIX)

• PIMCO NY Municipal Instl Fund Insights
• PIMCO NY Municipal Instl Fund Performance Data
• PIMCO NY Municipal Instl Fund News
• PIMCO NY Municipal Instl Fund Score Explaination
• PIMCO NY Municipal Instl Fund Manager Information
• Historic PIMCO NY Municipal Instl Fund Asset Allocation Report
• Historic PIMCO NY Municipal Instl Fund Top 10 Holding Tracking
• Historic PIMCO NY Municipal Instl Fund Asset Under Management Tracking