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Pimco California Municipal Income Fund Iii

The Pimco California Municipal Income Fund III (ticker symbol PZC) is a closed-end investment company that invests primarily in municipal bonds issued by the state of California and its local governments. The fund aims to generate as high a level of income exempt from federal and California state income tax as is consistent with the preservation of capital. Here's some general information about the fund:

Description

Pimco California Municipal Income Fund III is a close-ended fixed income mutual fund managed by PIMCO. It invests in municipal bonds issued by California and its local governments. It aims to provide a high level of income exempt from federal and California state income tax, consistent with safety and liquidity.

Manager

David Hammer has managed the fund since 2013.

Inception Date

Pimco California Municipal Income Fund III's inception date was October 30, 2001.

Total Net Assets

As of the fiscal year ended March 31, 2022, the fund's total net assets were $432.77 million.

Average Volume

The fund's average 3-month daily volume as of June 27, 2022, was 28,460.

Distribution Yield

The fund's annual distribution rate is 4.91%, observed on June 27, 2022.

Market Capitalization

The market capitalization of Pimco California Municipal Income Fund III (PZC) as of June 27, 2022, was 430.00 million.

Earning

The fund's last dividend payment was on March 15, 2022. Its annual payout of $1.45 per share represents a 4.79% yield on June 27, 2022.

Growth

Pimco California Municipal Income Fund III's 5-year annualized return as of June 27, 2022, was 5.35%.

YTD

The fund's year-to-date return as of June 27, 2022, was -9.18%.

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