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.
Fund Family PIMCO
Category Muni California Long
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PCTIX
Share Class Institutional Class
Index Bloomberg California TaxExempt Muni Bd TR
PCTIX had a total return of 5.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.16%.
