PIMCO California Municipal Opportunistic Value Fund Institutional Shares (GCMFX)
| Fund Assets | 217.92M |
| Expense Ratio | 0.60% |
| Min. Investment | $250,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.21% |
| Dividend Growth | 3.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.45 |
| YTD Return | -2.91% |
| 1-Year Return | -2.92% |
| 5-Year Return | 3.60% |
| 52-Week Low | 9.37 |
| 52-Week High | 10.00 |
| Beta (5Y) | n/a |
| Holdings | 117 |
| Inception Date | Nov 3, 2014 |
About GCMFX
PIMCO California Municipal Opportunistic Value Fund Institutional Shares is a mutual fund focused on providing current income that is exempt from both regular federal income tax and California state personal income taxes. Structured as an intermediate-term municipal bond fund, it primarily invests at least 80% of its assets in California municipal debt securities, making it particularly relevant for California residents seeking tax-advantaged income. The fund prioritizes securities with durations between 4 and 6 years, balancing income generation with moderate interest rate sensitivity. Notable features include an institutional share class, a relatively high minimum initial investment, and a diversified portfolio with more than 90% of assets allocated to municipal bonds. The fund's typical portfolio includes debt issued by a range of California entities, such as city and county agencies, airport authorities, universities, and healthcare facilities. Managed by PIMCO, a prominent fixed income asset manager, this fund plays a significant role in the municipal bond market by channeling capital to important public projects across California while serving as a tax-efficient investment option for income-focused investors in the state.
Performance
GCMFX had a total return of -2.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.40%.
Top 10 Holdings
24.43% of assets| Name | Symbol | Weight |
|---|---|---|
| PIMCO FUNDS - PIMCO PRV SHORT TERM FLT III MUTUAL FUND | n/a | 6.91% |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS - LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/41 FIXED 5 | n/a | 3.56% |
| SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT - SAN BERNARDINO CITY CA UNIF SC SBDSCD 08/40 FIXED 5 | CA.SBDSCD 5 08.01.2040 | 2.22% |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE - UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/47 FIXED 5 | n/a | 2.19% |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT - SAN FRANCISCO CALIF CITY CNTY SFOAPT 05/46 FIXED 5 | CA.SFOAPT 5 05.01.2046 | 1.80% |
| GOLDEN STATE TOBACCO SECURITIZATION - GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/40 FIXED 5 | CA.GLDGEN 5 06.01.2040 | 1.76% |
| TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY - TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/47 FIXED 5 | n/a | 1.74% |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE - UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/41 FIXED 5 | n/a | 1.54% |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY - SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/49 FIXED 5 | CA.SDGAPT 5 07.01.2049 | 1.38% |
| SANGER UNIFIED SCHOOL DISTRICT - SANGER CA UNIF SCH DIST COPS SGREDU 06/49 FIXED 5 | CA.SGREDU 5 06.01.2049 | 1.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02749 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02696 | Jun 30, 2025 |
| May 30, 2025 | $0.02795 | May 30, 2025 |
| Apr 30, 2025 | $0.0275 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02569 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02755 | Feb 28, 2025 |