CAFLX

About CAFLX

PIMCO California Flexible Municipal Income Fund Institutional Class is a mutual fund focused on delivering high current income that is exempt from federal income tax, with capital appreciation as a secondary goal. Managed by PIMCO, a recognized leader in fixed income investment, the fund primarily invests at least 80% of its portfolio in municipal bonds and related securities, emphasizing those whose interest payments qualify for federal tax exemption. The fund specializes in California municipal bonds, which may also offer additional tax benefits to California residents. Its strategy allows for flexibility in managing credit quality and duration, adapting to changing market environments while seeking to optimize tax-exempt income. The fund serves individual and institutional investors seeking stable, tax-advantaged cash flows, often appealing to those in higher tax brackets or with an interest in supporting public projects in California. It plays a significant role in the municipal bond sector by channeling capital to local governments and infrastructure while offering investors a steady income stream less impacted by federal taxes.