Benefits from PIMCO's proprietary credit research, a key advantage in a municipal bond market that has become increasingly complex and subject to credit risk.
Seeks to improve market access and pricing to provide best execution based on institutional presence.
Designed to generate an attractive, predictable stream of income with an emphasis on capital preservation; PIMCO's national ladders are exempt from federal taxes while the California ladders are exempt from federal and, in most cases, California income taxes.
Minimum average portfolio rating of A+ (by either S&P or Moody's).
No exposure to issues subject to the alternative minimum tax (AMT) at time of purchase.