A risk - focused, actively managed portfolio that aims to deliver quality, tax - efficient returns by investing in municipal bonds that are exempt from Federal taxes and the alternative minimum tax (AMT) at time of purchase. Municipal bonds may be subject to State and local taxes.
Managed by an expert municipal team led by David Hammer, supported by one of the industry's leading credit research teams.
The strategy seeks to take advantage of PIMCO's substantial market presence, which may result in economies of scale and greater, more efficient access to opportunities.
Use of a PIMCO managed commingled fund within the portfolio offers a number of potential advantages, including greater flexibility and diversification, and improved hedging and risk management capabilities.