GCMVX

About GCMVX

PIMCO California Municipal Intermediate Value Fund Institutional Shares is an actively managed municipal bond mutual fund. Its primary objective is to deliver current income that is generally exempt from regular federal income tax and California state personal income taxes by investing predominantly in intermediate‑maturity California municipal securities. The strategy emphasizes value within the California muni market, using PIMCO’s credit research to identify bonds across sectors such as general obligation, essential services, transportation, education, and revenue‑backed utilities. The fund typically targets an intermediate duration profile, seeking a balance between income generation and interest‑rate sensitivity, while managing credit risk through diversification and rigorous issuer analysis. Positioned within the national municipal landscape but focused on a single state, it plays a specialized role for investors seeking tax‑advantaged income linked to California’s fiscal dynamics, infrastructure funding, and local government finance. As an institutional share class, it is designed for larger allocations and professional platforms, complementing broader fixed income allocations with tax‑exempt exposure and PIMCO’s active risk management framework.