XPCKX

About XPCKX

PIMCO California Municipal Income Fund II is a closed-end municipal bond fund designed to generate tax-advantaged income, with a particular focus on serving investors seeking income exempt from both federal and California state income taxes. The fund primarily invests at least 90% of its assets in California municipal bonds deemed investment grade at the time of purchase, with the flexibility to allocate up to 20% of its assets to holdings subject to the federal alternative minimum tax. Managed by PIMCO, a prominent global fixed income manager, the fund employs active management strategies to navigate interest rate and credit risks in the municipal market. This fund plays a vital role for individual investors, especially those residing in California, who are in higher tax brackets and seeking efficient income streams. Its asset allocation supports essential public infrastructure and services within California through the purchase of municipal debt. The fund typically pays monthly distributions, distinguishing itself with a consistent income profile and access to a professionally managed, diversified portfolio of municipal securities, contributing to the broader municipal bond segment within the financial markets.