BFZ - Aggressive And Conservative CA Muni CEF Choices + Illustration Of Quantitative Screening Process
In yesterday's piece, Get Out Of This PIMCO CEF While You Can, we discussed how PIMCO California Municipal Income Fund (PCQ) should probably be avoided given its high premium of +20%, and a possibly future distribution cut.
What are some alternative CA muni funds that one could replace PCQ with? The obvious swap would be to PIMCO California Municipal Income Fund II (PCK) or PIMCO California Municipal Income Fund III (PZC), the other two PIMCO CA muni CEFs. However, besides PIMCO funds, are there any other alternatives?
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