PIMCO California Municipal Bond Fund (PCTIX)
The investment seeks high current income exempt from federal and California income tax. The fund normally 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 regular federal income tax and California income tax. It may invest in Fixed Income Instruments which include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The fund may invest in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities.
Fund Info
ISIN | US72201U8027 |
---|---|
Issuer | PIMCO |
Inception Date | May 30, 2012 |
Category | Municipal Bonds |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
PCTIX has a high expense ratio of 0.44%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIMCO California Municipal Bond 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 Municipal Bond Fund had a return of 0.61% year-to-date (YTD) and 5.38% in the last 12 months. Over the past 10 years, PIMCO California Municipal Bond Fund had an annualized return of 3.21%, while the S&P 500 had an annualized return of 10.79%, indicating that PIMCO California Municipal Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.61% | 9.47% |
1 month | 0.70% | 1.91% |
6 months | 7.42% | 18.36% |
1 year | 5.38% | 26.61% |
5 years (annualized) | 1.98% | 12.90% |
10 years (annualized) | 3.21% | 10.79% |
Monthly Returns
The table below presents the monthly returns of PCTIX, 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 | 0.02% | 0.41% | 0.32% | -1.17% | 0.61% | ||||||||
2023 | 3.46% | -2.44% | 1.67% | 0.27% | -0.75% | 1.19% | 0.19% | -1.03% | -2.87% | -1.49% | 7.03% | 2.90% | 7.98% |
2022 | -2.76% | -0.64% | -3.53% | -3.90% | 1.82% | -2.97% | 3.61% | -2.01% | -4.80% | -1.15% | 6.22% | -0.08% | -10.27% |
2021 | 0.72% | -2.20% | 0.66% | 1.27% | 0.65% | 0.48% | 0.81% | -0.54% | -1.04% | -0.03% | 1.00% | 0.21% | 1.94% |
2020 | 2.06% | 1.74% | -4.03% | -1.78% | 3.84% | 1.32% | 1.83% | -0.71% | -0.10% | -0.27% | 2.16% | 0.86% | 6.88% |
2019 | 0.62% | 0.63% | 2.12% | 0.61% | 1.54% | 0.40% | 0.76% | 2.19% | -0.60% | 0.02% | 0.11% | 0.37% | 9.10% |
2018 | -1.15% | -0.50% | 0.54% | -0.23% | 1.48% | 0.08% | 0.24% | 0.46% | -0.72% | -1.08% | 1.03% | 1.00% | 1.10% |
2017 | 0.82% | 0.84% | 0.37% | 1.01% | 1.68% | 0.08% | 0.52% | 0.89% | -0.75% | 0.44% | -0.02% | 1.19% | 7.30% |
2016 | 1.43% | 0.04% | 1.06% | 1.17% | 0.77% | 1.96% | 0.04% | 0.41% | -0.46% | -1.58% | -4.99% | 1.06% | 0.72% |
2015 | 1.92% | -1.37% | 0.30% | -0.75% | -0.46% | 0.04% | 0.54% | 0.44% | 0.85% | 1.04% | 0.92% | 0.98% | 4.49% |
2014 | 2.28% | 1.13% | 0.40% | 1.40% | 1.28% | -0.10% | 0.19% | 1.57% | 0.01% | 0.89% | -0.01% | 0.74% | 10.20% |
2013 | 0.28% | 0.10% | -1.08% | 1.27% | -1.58% | -2.91% | -0.96% | -1.08% | 2.71% | 0.58% | -0.31% | -0.22% | -3.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCTIX is 40, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PCTIX (PIMCO California Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO California Municipal Bond Fund (PCTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIMCO California Municipal Bond Fund granted a 3.64% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.37 | $0.28 | $0.21 | $0.24 | $0.30 | $0.31 | $0.33 | $0.31 | $0.30 | $0.25 | $0.22 |
Dividend yield | 3.64% | 3.47% | 2.67% | 1.75% | 2.00% | 2.62% | 2.96% | 3.04% | 2.94% | 2.82% | 2.42% | 2.23% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO California Municipal Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
2020 | $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 |
2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
2016 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
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 Municipal Bond 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 Municipal Bond Fund was 16.39%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current PIMCO California Municipal Bond Fund drawdown is 2.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.39% | Jul 22, 2021 | 319 | Oct 25, 2022 | — | — | — |
-11.56% | Mar 10, 2020 | 9 | Mar 20, 2020 | 83 | Jul 20, 2020 | 92 |
-8.07% | Dec 3, 2012 | 191 | Sep 5, 2013 | 164 | May 1, 2014 | 355 |
-7.46% | Sep 1, 2016 | 64 | Dec 1, 2016 | 188 | Aug 31, 2017 | 252 |
-2.86% | Feb 3, 2015 | 76 | May 21, 2015 | 105 | Oct 20, 2015 | 181 |
Volatility
Volatility Chart
The current PIMCO California Municipal Bond Fund volatility is 0.77%, 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.