PIMCO California Municipal Income Fund III (PZC)
PIMCO California Municipal Income Fund III operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $6.10, up 0.49% on the session, giving a market capitalisation of $137.2M. On trailing twelve-month figures it carries a trailing P/E of 592.23, a net margin of 89.4%. Its beta of 0.61 implies it has historically moved less than the broad market.
Established in the United States on October 31, 2002, the PIMCO California Municipal Income Fund III functions as a closed-ended mutual fund dedicated to fixed-income investments. This fund is managed by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC serving as co-manager. Its investment approach centers on the fixed income market, focusing significantly on California municipal bonds. The portfolio diversifies further to include other municipal bonds and notes, various California and non-California variable rate notes and demand notes, U.S. Treasury bills, and strategic positions in written call and put options.
PIMCO California Municipal Income Fund III is most often compared with the following Financial Services names: