- What does PCTIX invest in?
- This fund primarily aims to generate a substantial current income stream that is exempt from both federal and California state income taxes. Typically, it dedicates at least 80% of its total assets to fixed-income securities. The interest from these securities is, according to the bond counsel for the issuer at the time of their origination, deemed free from standard federal and California income taxation. The portfolio may also encompass a variety of other fixed-income instruments, including bonds and similar debt obligations issued by diverse U.S. and international, public or private sector entities. Furthermore, the fund has the flexibility to utilize derivative financial instruments like options, futures contracts, or swap agreements, as well as to invest in mortgage-backed or asset-backed securities.
- What is the expense ratio of PCTIX?
- PIMCO California Municipal Bond Fund Insti Class (PCTIX) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PCTIX's dividend yield?
- PCTIX's trailing-twelve-month yield is 3.72%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PCTIX?
- Effective duration measures PCTIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PCTIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PCTIX?
- PCTIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PCTIX?
- Yield to maturity (YTM) is the total return you'd earn from PCTIX if every bond in the portfolio is held to maturity at the current price. PCTIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
