Schedule of Investments PIMCO New York Municipal Income Fund

September 30, 2023

(Unaudited)

 

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 153.5% ¤

 

 

 

 

MUNICIPAL BONDS & NOTES 152.2%

 

 

 

 

ARIZONA 0.0%

 

 

 

 

Arizona Industrial Development Authority Revenue Bonds, Series 2020
7.750% due 07/01/2050 ^(b)

$

300

$

18

CALIFORNIA 2.4%

 

 

 

 

California Health Facilities Financing Authority Revenue Bonds, Series 2016
5.000% due 11/15/2046 (e)

 

1,500

 

1,533

 

 

 

 

1,533

DELAWARE 1.5%

 

 

 

 

Affordable Housing Opportunities Trust, Delaware Revenue Bonds, Series 2022

 

 

 

 

3.167% due 10/01/2038

 

980

 

771

7.120% due 10/01/2038

 

175

 

157

 

 

 

 

928

INDIANA 1.0%

 

 

 

 

Indiana Finance Authority Revenue Bonds, Series 2022
4.500% due 12/15/2046

 

650

 

649

NEW HAMPSHIRE 1.1%

 

 

 

 

New Hampshire Business Finance Authority Revenue Notes, Series 2023
5.087% due 07/20/2027

 

666

 

665

NEW YORK 136.8%

 

 

 

 

Brookhaven Local Development Corp., New York Revenue Bonds, Series 2020
4.000% due 11/01/2055

 

600

 

439

Broome County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2020
4.000% due 04/01/2050

 

750

 

622

Build NYC Resource Corp., New York Revenue Bonds, Series 2018
5.625% due 12/01/2050

 

1,205

 

1,003

Build NYC Resource Corp., New York Revenue Bonds, Series 2023
5.250% due 07/01/2062

 

750

 

706

Dutchess County, New York Local Development Corp. Revenue Bonds, Series 2017
4.000% due 07/01/2046

 

435

 

381

Dutchess County, New York Local Development Corp. Revenue Bonds, Series 2020
5.000% due 07/01/2045

 

410

 

418

Dutchess County, New York Local Development Corp. Revenue Bonds, Series 2022
4.000% due 07/01/2049

 

765

 

625

Housing Development Corp., New York Revenue Bonds, Series 2017
3.700% due 11/01/2047

 

1,000

 

782

Huntington Local Development Corp., New York Revenue Bonds, Series 2021
5.250% due 07/01/2056

 

500

 

372

Long Island Power Authority, New York Revenue Bonds, Series 2020
4.000% due 09/01/2039

 

500

 

464

Long Island Power Authority, New York Revenue Bonds, Series 2023
5.000% due 09/01/2048

 

1,000

 

1,027

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2014
5.000% due 11/15/2039

 

1,000

 

991

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2016

 

 

 

 

5.000% due 11/15/2031

 

2,500

 

2,540

5.000% due 11/15/2051

 

1,000

 

1,003

Monroe County Industrial Development Corp., New York Revenue Bonds, Series 2020

 

 

 

 

4.000% due 12/01/2046

 

825

 

646

4.000% due 07/01/2050

 

750

 

660

Nassau County, New York General Obligation Bonds, (AGM Insured), Series 2018
5.000% due 04/01/2036

 

2,000

 

2,091

Nassau County, New York Industrial Development Agency Revenue Bonds, Series 2021
5.000% due 01/01/2058 ^(b)

 

1,092

 

262

Nassau County, New York Tobacco Settlement Corp. Revenue Bonds, Series 2006
5.125% due 06/01/2046

 

1,230

 

1,073

New York City Transitional Finance Authority Building Aid, New York Revenue Bonds, Series 2018
5.250% due 07/15/2036

 

1,000

 

1,048

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2019
4.000% due 05/01/2044

 

2,500

 

2,254

New York City Water & Sewer System, New York Revenue Bonds, Series 2016
4.000% due 06/15/2046

 

830

 

737

 

 

 

Schedule of Investments PIMCO New York Municipal Income Fund (Cont.)

September 30, 2023

(Unaudited)

 

New York City Water & Sewer System, New York Revenue Bonds, Series 2019
5.000% due 06/15/2049

 

2,000

 

2,032

New York City, New York General Obligation Bonds, Series 2018

 

 

 

 

5.000% due 04/01/2043

 

1,500

 

1,530

5.000% due 04/01/2045

 

1,300

 

1,322

New York City, New York General Obligation Bonds, Series 2019
5.000% due 08/01/2039

 

1,000

 

1,031

New York City, New York Health and Hospitals Corp. Revenue Bonds, Series 2021
4.000% due 02/15/2048

 

880

 

739

New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2020
4.000% due 06/15/2050

 

600

 

524

New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023

 

 

 

 

5.250% due 06/15/2048 (a)

 

700

 

736

5.250% due 06/15/2053 (a)

 

700

 

732

New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2022
5.250% due 11/01/2048

 

3,500

 

3,632

New York Convention Center Development Corp. Revenue Bonds, Series 2016
5.000% due 11/15/2046

 

750

 

751

New York County, New York Tobacco Trust Revenue Bonds, Series 2005

 

 

 

 

0.000% due 06/01/2050 (c)

 

20,000

 

3,817

0.000% due 06/01/2055 (c)

 

7,000

 

478

New York Liberty Development Corp. Revenue Bonds, Series 2005
5.250% due 10/01/2035

 

770

 

838

New York Liberty Development Corp. Revenue Bonds, Series 2007
5.500% due 10/01/2037

 

750

 

812

New York Liberty Development Corp. Revenue Bonds, Series 2014
5.000% due 11/15/2044

 

1,900

 

1,762

New York Liberty Development Corp. Revenue Bonds, Series 2021
2.875% due 11/15/2046

 

440

 

297

New York Power Authority Revenue Bonds, (AGM Insured), Series 2022
4.000% due 11/15/2047

 

750

 

657

New York Power Authority Revenue Bonds, Series 2020
4.000% due 11/15/2055

 

2,100

 

1,827

New York State Dormitory Authority Memorial Sloan-Kettering Cancer Revenue Bonds, Series 2022
4.000% due 07/01/2051

 

1,200

 

1,035

New York State Dormitory Authority Revenue Bonds, (AGM/CR Insured), Series 2022
4.250% due 05/01/2052

 

850

 

764

New York State Dormitory Authority Revenue Bonds, Series 2015
5.000% due 07/01/2040

 

650

 

642

New York State Dormitory Authority Revenue Bonds, Series 2017

 

 

 

 

4.000% due 02/15/2047

 

500

 

445

5.000% due 12/01/2031

 

500

 

474

New York State Dormitory Authority Revenue Bonds, Series 2018

 

 

 

 

4.000% due 07/01/2041

 

750

 

692

4.000% due 03/15/2043

 

1,000

 

909

5.000% due 03/15/2037

 

3,000

 

3,096

New York State Dormitory Authority Revenue Bonds, Series 2019
5.000% due 03/15/2041

 

2,000

 

2,042

New York State Dormitory Authority Revenue Bonds, Series 2020

 

 

 

 

4.000% due 07/01/2050

 

3,855

 

3,294

5.000% due 07/01/2053

 

650

 

660

New York State Dormitory Authority Revenue Bonds, Series 2022

 

 

 

 

4.000% due 07/01/2049

 

345

 

284

5.000% due 07/15/2050

 

345

 

313

New York State Dormitory Authority Revenue Bonds, Series 2023
5.000% due 07/01/2048

 

300

 

306

New York State Environmental Facilities Corp. Revenue Bonds, Series 2022
4.000% due 06/15/2047

 

1,750

 

1,581

New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020
4.200% due 11/01/2054 (f)

 

2,000

 

1,608

New York State Thruway Authority Revenue Bonds, Series 2019
4.000% due 01/01/2041

 

1,450

 

1,308

New York State Thruway Authority Revenue Bonds, Series 2021
4.000% due 01/01/2040

 

750

 

694

New York State Thruway Authority Revenue Bonds, Series 2022
5.000% due 03/15/2055

 

400

 

404

New York State Urban Development Corp. Revenue Bonds, Series 2019
5.000% due 03/15/2041

 

500

 

516

New York State Urban Development Corp. Revenue Bonds, Series 2021
4.000% due 03/15/2047

 

1,000

 

884

New York Transportation Development Corp. Revenue Bonds, Series 2016
5.250% due 01/01/2050

 

855

 

839

New York Transportation Development Corp. Revenue Bonds, Series 2020
5.000% due 10/01/2040

 

800

 

769

New York Transportation Development Corp. Revenue Bonds, Series 2022
4.000% due 12/01/2042

 

1,670

 

1,428

Onondaga County, New York Trust for Cultural Resources Revenue Bonds, Series 2019

 

 

 

 

4.000% due 12/01/2049

 

1,300

 

1,142

5.000% due 12/01/2040

 

350

 

364

Port Authority of New York & New Jersey Revenue Bonds, Series 2017
5.250% due 10/15/2057

 

4,500

 

4,617

Port Authority of New York & New Jersey Revenue Bonds, Series 2020
4.000% due 07/15/2060

 

350

 

282

Port Authority of New York & New Jersey Revenue Bonds, Series 2023
5.000% due 12/01/2043

 

475

 

482

Schedule of Investments PIMCO New York Municipal Income Fund (Cont.)

September 30, 2023

(Unaudited)

 

Schenectady County Capital Resource Corp. Union College Project, New York Revenue Notes, Series 2022
5.000% due 07/01/2032

 

340

 

371

Suffolk County, New York Economic Development Corp. Revenue Bonds, Series 2021
5.125% due 11/01/2041

 

350

 

278

Suffolk Tobacco Asset Securitization Corp., New York Revenue Bonds, Series 2021

 

 

 

 

0.000% due 06/01/2066 (c)

 

5,000

 

466

4.000% due 06/01/2050

 

500

 

416

The Genesee County Funding Corporation Tax-Exempt, New York Revenue Bonds, Series 2022
5.250% due 12/01/2052

 

1,000

 

964

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2018
4.000% due 11/15/2048

 

1,000

 

885

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2019

 

 

 

 

5.000% due 11/15/2041

 

840

 

860

5.000% due 11/15/2043

 

500

 

510

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2021
5.000% due 05/15/2051

 

1,000

 

1,016

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2022
5.500% due 05/15/2052

 

1,000

 

1,059

Troy Capital Resource Corp., New York Revenue Bonds, Series 2020
5.000% due 09/01/2034

 

1,200

 

1,248

TSASC, Inc., New York Revenue Bonds, Series 2017
5.000% due 06/01/2041

 

2,000

 

2,003

Ulster County, New York Capital Resource Corp. Revenue Bonds, Series 2017
5.250% due 09/15/2047

 

500

 

355

 

 

 

 

85,966

NORTH DAKOTA 0.2%

 

 

 

 

Grand Forks County, North Dakota Revenue Bonds, Series 2021
7.000% due 12/15/2043 ^(b)

 

230

 

115

PENNSYLVANIA 0.7%

 

 

 

 

Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2021
9.000% due 04/01/2051

 

425

 

465

PUERTO RICO 5.3%

 

 

 

 

Children's Trust Fund, Puerto Rico Revenue Bonds, Series 2008
0.000% due 05/15/2057 (c)

 

7,700

 

453

Commonwealth of Puerto Rico Bonds, Series 2022

 

 

 

 

0.000% due 11/01/2043

 

1,063

 

553

0.000% due 11/01/2051

 

793

 

408

Commonwealth of Puerto Rico General Obligation Bonds, Series 2021
4.000% due 07/01/2041

 

450

 

363

Puerto Rico Highway & Transportation Authority Revenue Bonds, Series 2022

 

 

 

 

0.000% due 07/01/2053 (d)

 

1,434

 

891

5.000% due 07/01/2062

 

125

 

120

Puerto Rico Highway & Transportation Authority Revenue Notes, Series 2022
0.000% due 07/01/2032 (c)

 

81

 

52

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018
0.000% due 07/01/2051 (c)

 

2,580

 

481

 

 

 

 

3,321

TEXAS 1.6%

 

 

 

 

Angelina & Neches River Authority, Texas Revenue Bonds, Series 2021

 

 

 

 

7.500% due 12/01/2045

 

160

 

101

12.000% due 12/01/2045

 

275

 

230

Texas Water Development Board Revenue Bonds, Series 2022
5.000% due 10/15/2057

 

650

 

668

 

 

 

 

999

VIRGINIA 0.9%

 

 

 

 

Virginia Small Business Financing Authority Revenue Bonds, Series 2019

 

 

 

 

0.000% due 07/01/2061 (c)

 

6,000

 

120

5.500% due 07/01/2044

 

500

 

438

 

 

 

 

558

WISCONSIN 0.7%

 

 

 

 

Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2022
4.000% due 12/01/2051

 

525

 

442

Schedule of Investments PIMCO New York Municipal Income Fund (Cont.)

September 30, 2023

(Unaudited)

 

Total Municipal Bonds & Notes (Cost $105,296)

 

 

 

95,659

SHORT-TERM INSTRUMENTS 1.3%

 

 

 

 

REPURCHASE AGREEMENTS (g) 1.3%

 

 

 

801

Total Short-Term Instruments (Cost $801)

 

 

 

801

Total Investments in Securities (Cost $106,097)

 

 

 

96,460

Total Investments 153.5% (Cost $106,097)

 

 

$

96,460

Auction Rate Preferred Shares (53.2)%

 

 

 

(33,400)

Other Assets and Liabilities, net (0.3)%

 

 

 

(240)

Net Assets Applicable to Common Shareholders 100.0%

 

 

$

62,820

Schedule of Investments PIMCO New York Municipal Income Fund (Cont.)

September 30, 2023

(Unaudited)

 

 

NOTES TO SCHEDULE OF INVESTMENTS:

 

* A zero balance may reflect actual amounts rounding to less than one thousand.

 

¤

The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.

^

Security is in default.

(a)

When-issued security.

(b)

Security is not accruing income as of the date of this report.

(c)

Zero coupon security.

(d)

Security becomes interest bearing at a future date.

(e)

Represents an underlying municipal bond transferred to a tender option bond trust established in a tender option bond transaction in which the Fund sold, or caused the sale of, the underlying municipal bond and purchased the residual interest certificate. The security serves as collateral in a financing transaction.

(f)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020

4.200

%

11/01/2054

11/18/2021

$

2,238

$

1,608

2.56

%

BORROWINGS AND OTHER FINANCING TRANSACTIONS

(g)

REPURCHASE AGREEMENTS:

Counterparty

Lending
Rate

Settlement
Date

Maturity
Date

 

Principal
Amount

Collateralized By

 

Collateral
(Received)

 

Repurchase
Agreements,
at Value

 

Repurchase
Agreement
Proceeds
to be
Received
(1)

FICC

2.600%

09/29/2023

10/02/2023

$

801

U.S. Treasury Notes 0.250% due 09/30/2025

$

(817)

$

801

$

801

Total Repurchase Agreements

 

$

(817)

$

801

$

801

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 09/30/2023

Investments in Securities, at Value

Municipal Bonds & Notes

 

Arizona

$

0

$

18

$

0

$

18

 

 

California

 

0

 

1,533

 

0

 

1,533

 

 

Delaware

 

0

 

928

 

0

 

928

 

 

Indiana

 

0

 

649

 

0

 

649

 

 

New Hampshire

 

0

 

665

 

0

 

665

 

 

New York

 

0

 

85,966

 

0

 

85,966

 

 

North Dakota

 

0

 

115

 

0

 

115

 

 

Pennsylvania

 

0

 

465

 

0

 

465

 

 

Puerto Rico

 

0

 

3,321

 

0

 

3,321

 

 

Texas

 

0

 

999

 

0

 

999

 

 

Virginia

 

0

 

558

 

0

 

558

 

 

Wisconsin

 

0

 

442

 

0

 

442

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

801

 

0

 

801

 

Total Investments

$

0

$

96,460

$

0

$

96,460

 

 

There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

 

Notes to Financial Statements

 

1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The net asset value (“NAV”) of the Fund's shares, or each of its share classes as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

 

On each day that the New York Stock Exchange (“NYSE”) is open, the Fund’s shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) (“NYSE Close”). Information that becomes known to the Fund or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the normally scheduled close of regular trading on the NYSE for that day. The Fund generally does not calculate its NAV on days during which the NYSE is closed. However, if the NYSE is closed on a day it would normally be open for business, the Fund may calculate its NAV as of the normally scheduled NYSE Close for that day or such other time that the Fund may determine.

 

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Fund will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close.

 

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “Act”). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated Pacific Investment Management Company LLC (“PIMCO”) as the valuation designee (“Valuation Designee”) for the Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee’s policies and procedures govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

 

Fair valuation may require subjective determinations about the value of a security. While the Fund’s and Valuation Designee's policies and procedures are intended to result in a calculation of the Fund's NAV that fairly reflects security values as of the time of pricing, the Fund cannot ensure that fair values accurately reflect the price that the Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Fund may differ from the value that would be realized if the securities were sold.

 

(b) Fair Value Hierarchy U.S. GAAP describes fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into levels (Level 1, 2 or 3). The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

• Level 1 — Quoted prices (unadjusted) in active markets or exchanges for identical assets and liabilities.

 

• Level 2 — Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

 

• Level 3 — Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Valuation Designee that are used in determining the fair value of investments.

 

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the Fund.

 

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers between Levels of the Fund's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy, and if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the Fund.

 

(c) Valuation Techniques and the Fair Value Hierarchy

Level 1, Level 2 and Level 3 trading assets and trading liabilities, at fair value The valuation methods (or “techniques”) and significant inputs used in determining the fair values of portfolio securities or other assets and liabilities categorized as Level 1, Level 2 and Level 3 of the fair value hierarchy are as follows:

 

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign issues, bank loans, convertible preferred securities, non-U.S. bonds, and short-term debt instruments (such as commercial paper, time deposits, and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

 

 

 

Notes to Financial Statements (Cont.)

 

Fixed income securities purchased on a delayed-delivery basis or as a repurchase commitment in a sale-buyback transaction are marked to market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

 

Short-term debt instruments (such as commercial paper, time deposits, and certificates of deposit) having a remaining maturity of 60 days or less may be valued at amortized cost, so long as the amortized cost value of such short-term debt instruments is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source of the base price.

 

When a fair valuation method is applied by PIMCO that uses significant unobservable inputs, investments will be priced by a method that the Valuation Designee believe reflects fair value and are categorized as Level 3 of the fair value hierarchy.

 

2. FEDERAL INCOME TAX MATTERS

The Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (the “Code”) and distribute all of its taxable income and net realized gains, if applicable, to shareholders. Accordingly, no provision for Federal income taxes has been made.

 

The Fund may be subject to local withholding taxes, including those imposed on realized capital gains. Any applicable foreign capital gains tax is accrued daily based upon net unrealized gains, and may be payable following the sale of any applicable investments.

 

In accordance with U.S. GAAP, the Manager has reviewed the Fund's tax positions for all open tax years. As of September 30, 2023, the Fund has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

 

The Fund files U.S. federal, state, and local tax returns as required. The Fund's tax returns are subject to examination by relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return but which can be extended to six years in certain circumstances. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

 

 

 

 

Glossary: (abbreviations that may be used in the preceding statements)   (Unaudited)
                     
Counterparty Abbreviations:    
FICC   Fixed Income Clearing Corporation                 
                     
Currency Abbreviations:    
USD (or $)   United States Dollar                
                     
Municipal Bond or Agency Abbreviations:    
AGM   Assured Guaranty Municipal   CR   Custodial Receipts   FHA   Federal Housing Administration
                     
Other  Abbreviations:    
TBA   To-Be-Announced                


Pimco New York Municipal... (NYSE:PNF)
Historical Stock Chart
From Jan 2024 to Feb 2024 Click Here for more Pimco New York Municipal... Charts.
Pimco New York Municipal... (NYSE:PNF)
Historical Stock Chart
From Feb 2023 to Feb 2024 Click Here for more Pimco New York Municipal... Charts.