PIMCO California Intermediate Municipal Bond Fund

Scorecard
2 / 5 Stars
Lipper
2 2 3 2 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
2 / 5 Stars
TheStreet.com
B (Buy)

U.S. News evaluated 16 Muni California Intermediate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 4.29 percent over the past year, 3.37 percent over the past three years, 4.84 percent over the past five years, and 3.18 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 3.3%
1 Year 4.3%
3 Years (Annualized) 3.4%
5 Years (Annualized) 4.8%
10 Years (Annualized) 3.2%

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Summary

The investment seeks high current income exempt from federal and California income tax; capital appreciation is a secondary objective. The fund normally invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and California income tax. It may invest up to 10% of its total assets in junk bonds rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The fund may invest in derivative instruments. It is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
PIMCO California Intermediate Municipal Bond Fund has an expense ratio of 0.77 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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