PIMCO California Municipal Bond Fund Insti Class (PCTIX)
PIMCO California Municipal Bond Fund Insti Class operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $10.62, up 0.00% on the session, giving a market capitalisation of $606.0M. On trailing twelve-month figures it carries a trailing P/E of 14.16, a net margin of 97.5%. Its beta of 1.03 implies it has historically moved more than the broad market.
This fund primarily aims to generate a substantial current income stream that is exempt from both federal and California state income taxes. Typically, it dedicates at least 80% of its total assets to fixed-income securities. The interest from these securities is, according to the bond counsel for the issuer at the time of their origination, deemed free from standard federal and California income taxation. The portfolio may also encompass a variety of other fixed-income instruments, including bonds and similar debt obligations issued by diverse U.S. and international, public or private sector entities. Furthermore, the fund has the flexibility to utilize derivative financial instruments like options, futures contracts, or swap agreements, as well as to invest in mortgage-backed or asset-backed securities.
PIMCO California Municipal Bond Fund Insti Class is most often compared with the following Financial Services names: