PCFCX

About PCFCX

PIMCO California Intermediate Municipal Bond Fund Class C is an actively managed municipal bond mutual fund focused on generating high current income that is exempt from federal and California state income taxes, with capital appreciation as a secondary objective. The portfolio invests primarily in investment‑grade California municipal securities and typically maintains an intermediate interest‑rate profile, aligning with category norms for durations around four to six years. The strategy may allocate a modest sleeve—up to about 10%—to high yield municipal bonds to enhance income while relying on PIMCO’s credit research and risk management framework. The fund targets debt financing essential public purposes across California, such as general obligations, revenue bonds, and sector projects tied to infrastructure and essential services, providing diversified exposure to the state’s municipal market. Designed for investors seeking tax‑advantaged income within a single‑state mandate, the fund’s role in the market is to offer professionally managed access to California tax‑exempt bonds with monthly income distribution and an intermediate maturity stance that balances income generation with sensitivity to interest‑rate movements.