PIMCO California Municipal Bond Fund Institutional Class (PCTIX)
| Fund Assets | 567.70M |
| Expense Ratio | 0.44% |
| Min. Investment | $1,000,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.62% |
| Dividend Growth | -1.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.72 |
| YTD Return | 0.51% |
| 1-Year Return | 4.51% |
| 5-Year Return | 6.39% |
| 52-Week Low | 10.17 |
| 52-Week High | 10.87 |
| Beta (5Y) | 0.33 |
| Holdings | 289 |
| Inception Date | May 31, 2012 |
About PCTIX
PIMCO California Municipal Bond Fund Institutional Class is a municipal bond mutual fund designed to provide investors with high current income that is exempt from both federal and California state income tax. Managed by PIMCO, this fund primarily invests at least 80% of its assets in debt securities issued by California-based entities whose interest payments qualify for these tax exemptions. Its diversified portfolio consists chiefly of bonds issued by municipalities, public authorities, and government-related sectors across California, covering purposes such as infrastructure, utilities, education, and clean energy projects. A distinguishing feature is its relatively long duration, typical of the Muni California Long category, allowing for exposure to bonds with extended maturities and greater interest rate sensitivity. The fund is structured for institutional investors and offers a competitive expense ratio, monthly dividend payouts, and a substantial asset base. It plays a significant role in the municipal bond market by channeling capital to support public projects within California, while offering tax-advantaged income options to investors, particularly those residing in the state seeking to manage their tax liabilities efficiently.
Performance
PCTIX had a total return of 4.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.23%.
Top 10 Holdings
13.86% of assets| Name | Symbol | Weight |
|---|---|---|
| PIMCO FUNDS - PIMCO PRV SHORT TERM FLT III MUTUAL FUND | n/a | 3.52% |
| CALIFORNIA STATE UNIVERSITY - CALIFORNIA ST UNIV REVENUE CASHGR 11/50 FIXED 5.25 | CA.CASHGR 5.25 11.01.2050 | 1.46% |
| BAY AREA TOLL AUTHORITY - BAY AREA CA TOLL AUTH TOLL BRI BAYTRN 04/55 ADJUSTABLE VAR | CA.BAYTRN 04.01.2055 | 1.34% |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY - SAN JOAQUIN VLY CLEAN ENERGY A SSJUTL 01/56 ADJUSTABLE VAR | CA.SSJUTL 01.01.2056 | 1.31% |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY - CALIFORNIA CMNTY CHOICE FING A CCEDEV 05/54 ADJUSTABLE VAR | CA.CCEDEV 05.01.2054 | 1.21% |
| CALIFORNIA STATE ENTERPRISE DEVELOPMENT AUTHORITY - CALIFORNIA ST ENTERPRISE DEV A CASDEV 06/49 FIXED 5 | n/a | 1.10% |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY - CALIFORNIA ST HLTH FACS FING A CASMED 10/50 ADJUSTABLE VAR | CA.CASMED 10.01.2050 | 1.00% |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY - CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/56 ADJUSTABLE VAR | CA.CCEDEV 01.01.2056 | 0.99% |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY - CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/55 ADJUSTABLE VAR | CA.CCEDEV 10.01.2055 | 0.96% |
| FREDDIE MAC GOLD POOL - FED HM LN PC POOL WE6064 FR 07/42 FIXED 3.75 | FR.WE6064 | 0.96% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.03218 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0322 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0341 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03073 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0354 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03199 | Sep 30, 2025 |