PIMCO California Municipal Opportunistic Value Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
3.3%
3 Yr Avg Return
0.9%
5 Yr Avg Return
N/A
Net Assets
$266 M
Holdings in Top 10
23.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GCMFX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.16%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO California Municipal Opportunistic Value Fund
-
Fund Family NameGurtin
-
Inception DateJun 26, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Hannibal
Fund Description
GCMFX - Performance
Return Ranking - Trailing
Period | GCMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -4.7% | 10.2% | 27.74% |
1 Yr | 3.3% | -3.9% | 31.6% | 27.30% |
3 Yr | 0.9%* | -11.3% | 2.5% | 3.25% |
5 Yr | N/A* | -6.0% | 1102.0% | 23.05% |
10 Yr | N/A* | -0.4% | 248.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | GCMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.5% | -1.4% | 41.0% | 60.17% |
2022 | -5.3% | -39.7% | 0.3% | 9.69% |
2021 | -0.6% | -5.6% | 6.9% | 51.56% |
2020 | 0.0% | -2.6% | 310.0% | 95.79% |
2019 | N/A | 0.0% | 26.0% | 13.15% |
Total Return Ranking - Trailing
Period | GCMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -4.7% | 10.2% | 27.74% |
1 Yr | 3.3% | -3.9% | 31.6% | 27.30% |
3 Yr | 0.9%* | -11.3% | 2.5% | 3.25% |
5 Yr | N/A* | -6.0% | 1102.0% | 25.02% |
10 Yr | N/A* | -0.4% | 248.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GCMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | -1.3% | 41.0% | 40.94% |
2022 | -2.7% | -39.7% | 1.1% | 4.81% |
2021 | 2.0% | -4.8% | 23761504.0% | 40.48% |
2020 | 2.9% | -1.5% | 17057.9% | 77.41% |
2019 | N/A | 0.2% | 3514.6% | 14.17% |
NAV & Total Return History
GCMFX - Holdings
Concentration Analysis
GCMFX | Category Low | Category High | GCMFX % Rank | |
---|---|---|---|---|
Net Assets | 266 M | 3.22 M | 71.9 B | 63.26% |
Number of Holdings | 121 | 2 | 13067 | 78.54% |
Net Assets in Top 10 | 61.3 M | -317 M | 3.4 B | 57.72% |
Weighting of Top 10 | 23.43% | 1.9% | 100.4% | 25.94% |
Top 10 Holdings
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 5.77%
- LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/41 FIXED 5 3.42%
- UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/47 FIXED 5 2.20%
- SAN BERNARDINO CITY CA UNIF SC SBDSCD 08/40 FIXED 5 2.15%
- TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/47 FIXED 5 1.75%
- SAN FRANCISCO CALIF CITY CNTY SFOAPT 05/46 FIXED 5 1.72%
- GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/40 FIXED 5 1.71%
- MADERA CA UNIF SCH DIST COPS MADEDU 09/43 FIXED 5 1.59%
- CALIFORNIA ST HLTH FACS FING A CASMED 11/48 FIXED 5 1.58%
- UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/39 FIXED 4.25 1.53%
Asset Allocation
Weighting | Return Low | Return High | GCMFX % Rank | |
---|---|---|---|---|
Bonds | 93.23% | 0.00% | 150.86% | 93.93% |
Cash | 6.77% | -50.86% | 50.09% | 5.43% |
Stocks | 0.00% | 0.00% | 99.81% | 60.66% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 56.56% |
Other | 0.00% | -8.54% | 33.35% | 57.27% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 56.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GCMFX % Rank | |
---|---|---|---|---|
Municipal | 96.90% | 44.39% | 100.00% | 66.71% |
Cash & Equivalents | 5.98% | 0.00% | 48.02% | 5.17% |
Derivative | 0.00% | -8.54% | 23.38% | 54.36% |
Securitized | 0.00% | 0.00% | 5.93% | 56.26% |
Corporate | 0.00% | 0.00% | 9.41% | 63.85% |
Government | 0.00% | 0.00% | 52.02% | 59.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GCMFX % Rank | |
---|---|---|---|---|
US | 93.23% | 0.00% | 142.23% | 92.44% |
Non US | 0.00% | 0.00% | 23.89% | 61.09% |
GCMFX - Expenses
Operational Fees
GCMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 20.65% | 62.98% |
Management Fee | 0.63% | 0.00% | 1.20% | 97.35% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.23% | 0.01% | 0.44% | 92.90% |
Sales Fees
GCMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
GCMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GCMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 0.00% | 283.00% | 42.62% |
GCMFX - Distributions
Dividend Yield Analysis
GCMFX | Category Low | Category High | GCMFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 26.36% |
Dividend Distribution Analysis
GCMFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GCMFX | Category Low | Category High | GCMFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.16% | -0.53% | 5.33% | 37.96% |
Capital Gain Distribution Analysis
GCMFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.027 | OrdinaryDividend |
Feb 29, 2024 | $0.027 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | OrdinaryDividend |
Dec 29, 2023 | $0.027 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.025 | OrdinaryDividend |
Sep 29, 2023 | $0.027 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.024 | OrdinaryDividend |
Jun 30, 2023 | $0.027 | OrdinaryDividend |
May 31, 2023 | $0.025 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.026 | OrdinaryDividend |
Feb 28, 2023 | $0.025 | OrdinaryDividend |
Jan 31, 2023 | $0.022 | OrdinaryDividend |
Dec 30, 2022 | $0.026 | OrdinaryDividend |
Nov 30, 2022 | $0.024 | OrdinaryDividend |
Oct 31, 2022 | $0.021 | OrdinaryDividend |
Sep 30, 2022 | $0.024 | OrdinaryDividend |
Aug 31, 2022 | $0.021 | OrdinaryDividend |
Jul 29, 2022 | $0.020 | OrdinaryDividend |
Jun 30, 2022 | $0.020 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.019 | OrdinaryDividend |
Jan 31, 2022 | $0.017 | OrdinaryDividend |
Dec 31, 2021 | $0.019 | OrdinaryDividend |
Nov 30, 2021 | $0.018 | OrdinaryDividend |
Oct 29, 2021 | $0.021 | OrdinaryDividend |
Sep 30, 2021 | $0.018 | OrdinaryDividend |
Aug 31, 2021 | $0.017 | OrdinaryDividend |
Jul 30, 2021 | $0.019 | OrdinaryDividend |
Jun 30, 2021 | $0.019 | OrdinaryDividend |
May 28, 2021 | $0.018 | OrdinaryDividend |
Apr 30, 2021 | $0.021 | OrdinaryDividend |
Mar 31, 2021 | $0.019 | OrdinaryDividend |
Feb 26, 2021 | $0.020 | OrdinaryDividend |
Jan 29, 2021 | $0.017 | OrdinaryDividend |
Dec 31, 2020 | $0.021 | OrdinaryDividend |
Nov 30, 2020 | $0.019 | OrdinaryDividend |
Oct 30, 2020 | $0.022 | OrdinaryDividend |
Sep 30, 2020 | $0.023 | OrdinaryDividend |
Aug 31, 2020 | $0.021 | OrdinaryDividend |
Jul 31, 2020 | $0.022 | OrdinaryDividend |
Jun 30, 2020 | $0.022 | OrdinaryDividend |
May 29, 2020 | $0.022 | OrdinaryDividend |
Apr 30, 2020 | $0.020 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.021 | OrdinaryDividend |
Jan 31, 2020 | $0.022 | OrdinaryDividend |
Dec 31, 2019 | $0.021 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Jun 28, 2019 | $0.021 | OrdinaryDividend |
May 31, 2019 | $0.024 | DailyAccrualFund |
Apr 30, 2019 | $0.023 | DailyAccrualFund |
Mar 29, 2019 | $0.022 | OrdinaryDividend |
GCMFX - Fund Manager Analysis
Managers
Brian Hannibal
Start Date
Tenure
Tenure Rank
Nov 03, 2014
7.58
7.6%
Mr. Hannibal is a vice president and portfolio manager for PIMCO Municipals in the Solana Beach office. Prior to joining PIMCO in 2021, he was a portfolio manager at Gurtin Municipal Bond Management, a PIMCO company. Previously, Mr. Hannibal worked for Eaton Vance Investment Managers as a portfolio management assistant in the firm’s municipal bond group. He has 16 years of investment experience and holds an undergraduate degree in economics from San Diego State University.
David Hammer
Start Date
Tenure
Tenure Rank
Mar 23, 2022
0.19
0.2%
Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.
Peter Gunther
Start Date
Tenure
Tenure Rank
Mar 23, 2022
0.19
0.2%
Mr. Gunther is a portfolio manager for PIMCO Municipals in the Solana Beach office. Prior to joining PIMCO in 2021, he was a vice president in portfolio management for Gurtin Municipal Bond Management, a PIMCO company. Previously, he worked as an investment analyst at Manulife Asset Management and also at John Hancock Investments. He has investment experience since 2011 and holds a graduate degree from California State University, Long Beach, and an undergraduate degree from the University of San Diego.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |