PIMCO California Short Duration Municipal Income Fund (PCDIX)
The fund invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal and California income tax. It invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in junk bonds that are rated Caa or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The fund may invest in derivative instruments.
Fund Info
| ISIN | US72201F6566 |
|---|---|
| Issuer | PIMCO |
| Inception Date | Aug 30, 2006 |
| Category | Municipal Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
PCDIX has a high expense ratio of 0.33%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIMCO California Short Duration Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PIMCO California Short Duration Municipal Income Fund had a return of 0.41% year-to-date (YTD) and 3.15% in the last 12 months. Over the past 10 years, PIMCO California Short Duration Municipal Income Fund had an annualized return of 1.10%, while the S&P 500 had an annualized return of 10.67%, indicating that PIMCO California Short Duration Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.41% | 9.49% |
| 1 month | 0.45% | 1.20% |
| 6 months | 2.79% | 18.29% |
| 1 year | 3.15% | 26.44% |
| 5 years (annualized) | 1.12% | 12.64% |
| 10 years (annualized) | 1.10% | 10.67% |
Monthly Returns
The table below presents the monthly returns of PCDIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.01% | 0.23% | 0.03% | -0.18% | 0.41% | ||||||||
| 2023 | 1.01% | -0.74% | 0.93% | -0.13% | -0.22% | 0.43% | 0.19% | -0.09% | -0.71% | -0.09% | 2.14% | 1.07% | 3.82% |
| 2022 | -0.93% | -0.31% | -1.04% | -0.93% | 0.64% | -0.19% | 0.85% | -0.79% | -0.89% | -0.16% | 1.55% | 0.20% | -2.02% |
| 2021 | 0.18% | -0.40% | 0.19% | 0.20% | 0.09% | -0.01% | 0.19% | -0.02% | -0.22% | -0.12% | 0.08% | -0.01% | 0.15% |
| 2020 | 0.42% | 0.32% | -1.37% | -0.29% | 1.33% | 0.31% | 0.51% | -0.01% | 0.10% | -0.01% | 0.29% | 0.19% | 1.75% |
| 2019 | 0.35% | 0.26% | 0.35% | 0.15% | 0.46% | 0.23% | 0.44% | 0.25% | -0.18% | 0.13% | 0.13% | 0.22% | 2.82% |
| 2018 | 0.01% | 0.02% | 0.01% | -0.18% | 0.43% | 0.23% | 0.23% | 0.04% | -0.18% | -0.07% | 0.36% | 0.44% | 1.36% |
| 2017 | 0.50% | 0.42% | 0.00% | 0.19% | 0.51% | -0.08% | 0.31% | 0.41% | -0.19% | 0.00% | -0.60% | 0.21% | 1.70% |
| 2016 | 0.38% | 0.29% | -0.22% | 0.19% | -0.02% | 0.38% | 0.18% | -0.02% | -0.21% | -0.12% | -1.02% | 0.08% | -0.11% |
| 2015 | 0.47% | -0.12% | -0.04% | -0.03% | -0.23% | 0.07% | 0.27% | 0.07% | 0.18% | 0.18% | -0.12% | 0.11% | 0.82% |
| 2014 | 0.16% | 0.28% | -0.33% | 0.17% | 0.27% | 0.07% | -0.04% | 0.26% | -0.04% | 0.16% | -0.04% | -0.20% | 0.73% |
| 2013 | 0.09% | 0.18% | 0.06% | 0.10% | -0.01% | -0.52% | 0.17% | -0.04% | 0.26% | 0.25% | -0.04% | 0.06% | 0.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PCDIX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PCDIX (PIMCO California Short Duration Municipal Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO California Short Duration Municipal Income Fund (PCDIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIMCO California Short Duration Municipal Income Fund granted a 2.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.24 | $0.15 | $0.11 | $0.12 | $0.17 | $0.15 | $0.13 | $0.10 | $0.09 | $0.08 | $0.09 |
Dividend yield | 2.67% | 2.47% | 1.56% | 1.06% | 1.23% | 1.67% | 1.55% | 1.29% | 1.02% | 0.92% | 0.83% | 0.87% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO California Short Duration Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO California Short Duration Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO California Short Duration Municipal Income Fund was 4.40%, occurring on Mar 20, 2020. Recovery took 80 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.4% | Mar 10, 2020 | 9 | Mar 20, 2020 | 80 | Jul 15, 2020 | 89 |
| -4.14% | Aug 10, 2021 | 306 | Oct 25, 2022 | 275 | Nov 29, 2023 | 581 |
| -2.25% | Sep 12, 2008 | 26 | Oct 17, 2008 | 20 | Nov 14, 2008 | 46 |
| -1.47% | Aug 30, 2016 | 76 | Dec 15, 2016 | 101 | May 12, 2017 | 177 |
| -1.09% | Feb 13, 2008 | 11 | Feb 28, 2008 | 49 | May 8, 2008 | 60 |
Volatility
Volatility Chart
The current PIMCO California Short Duration Municipal Income Fund volatility is 0.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.