About PCMBX
PIMCO California Intermediate Municipal Bond Fund Class A is an open‑end municipal bond mutual fund focused on generating high current income that is exempt from federal and California state income taxes, with capital appreciation as a secondary objective. The portfolio primarily invests in a diversified mix of California municipal securities in the intermediate range, a segment typically characterized by durations around four to six years, balancing income potential with interest‑rate sensitivity. The fund targets revenue and general obligation bonds that finance essential public projects across sectors such as transportation, education, utilities, and healthcare within California’s municipal market. Managed by PIMCO, it applies credit research and active positioning to navigate issuer quality, call structures, and yield curves specific to California tax‑exempt debt. In the market, it serves investors seeking state‑specific tax‑exempt income, aligning with households subject to California taxation and looking to complement taxable fixed income with an intermediate, municipally focused allocation. Asset allocation is predominantly in bonds, with a small cash position for liquidity and portfolio management needs.
Fund Family PIMCO
Category Muni California Intermediate
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PCMBX
Share Class A
Index Bloomberg Muni M.F. CA Intermediate TR
PCMBX had a total return of 1.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.35%.
