PIMCO California Flexible Municipal Income Fund

Frequently Asked Questions About CAFLX

What does CAFLX invest in?

The PIMCO California Flexible Municipal Income Fund, identified by the symbol CAFLX, functions as a closed-end investment vehicle. Its primary objective is to deliver consistent income streams that are exempt from both federal and California state income taxes. This fund was established on February 8, 2022, and its main office is situated in New York, NY.

What is the expense ratio of CAFLX?

PIMCO California Flexible Municipal Income Fund (CAFLX) charges an expense ratio of 1.93%. This is the annual fee deducted from fund assets to cover management and operations.

What is CAFLX's dividend yield?

CAFLX's trailing-twelve-month yield is 3.97%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CAFLX?

Effective duration measures CAFLX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CAFLX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CAFLX?

CAFLX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CAFLX?

Yield to maturity (YTM) is the total return you'd earn from CAFLX if every bond in the portfolio is held to maturity at the current price. CAFLX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.