PCDPX: PIMCO CA Sh Dur Municipal Income I2

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PCDPX PIMCO CA Sh Dur Municipal Income I2


Profile

PCDPX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $156 M
  • Holdings in Top 10 24.6%

52 WEEK LOW AND HIGH

$9.96
$9.86
$9.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Short

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO California Short Duration Municipal Income Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    May 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julie Callahan

Fund Description

The fund invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal and California income tax. It invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in junk bonds that are rated Caa or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The fund may invest in derivative instruments.


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Categories

Fund Company Quick Screens

PCDPX - Fund Company Quick Screens


Performance

PCDPX - Performance

Return Ranking - Trailing

Period PCDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% 0.0% 2.1% 91.67%
1 Yr 1.0% 0.1% 8.6% 91.38%
3 Yr 0.3%* -1.0% 4.4% 91.23%
5 Yr 0.0%* -1.2% 3.5% 59.65%
10 Yr -0.2%* -0.6% 4.0% 90.48%

* Annualized

Return Ranking - Calendar

Period PCDPX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% 0.0% 8.0% 91.38%
2018 -0.2% -4.8% 7.4% 24.14%
2017 0.4% -6.5% 3.5% 77.19%
2016 -1.1% -6.4% -1.1% 3.51%
2015 -0.1% -4.7% 0.6% 47.37%

Total Return Ranking - Trailing

Period PCDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% 0.0% 2.1% 91.67%
1 Yr 1.0% 0.1% 9.2% 91.38%
3 Yr 0.3%* -1.0% 3.5% 91.23%
5 Yr 0.0%* -1.2% 2.5% 59.65%
10 Yr -0.2%* -0.6% 3.5% 90.48%

* Annualized

Total Return Ranking - Calendar

Period PCDPX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% 0.0% 8.5% 91.38%
2018 -0.2% -4.8% 7.3% 24.14%
2017 0.4% -6.5% 3.5% 77.19%
2016 -1.1% -6.4% -1.1% 7.02%
2015 -0.1% -4.7% 0.6% 47.37%

NAV & Total Return History


Holdings

PCDPX - Holdings

Concentration Analysis

PCDPX Category Low Category High PCDPX % Rank
Net Assets 156 M 55.7 M 1.79 B 70.00%
Number of Holdings 104 56 564 76.27%
Net Assets in Top 10 35.4 M 9.28 M 336 M 67.80%
Weighting of Top 10 24.62% 10.2% 39.3% 28.81%

Top 10 Holdings

  1. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 2.39% 3.48%
  2. SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV 1.38% 3.48%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.58%
  4. CALIFORNIA MUN FIN AUTH SOLID WASTE REV 1.48% 2.44%
  5. NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% 2.27%
  6. CALIFORNIA ST 4% 2.18%
  7. CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV 1.95% 2.10%
  8. CONTRA COSTA CALIF TRANSN AUTH SALES TAX REV 1.71% 2.09%
  9. NORTHERN CALIF PWR AGY REV 1.33% 2.09%
  10. POWAY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5% 1.92%

Asset Allocation

Weighting Return Low Return High PCDPX % Rank
Bonds
91.08% 17.56% 139.85% 90.00%
Cash
8.92% -41.17% 82.44% 10.17%
Stocks
0.00% 0.00% 0.00% 33.33%
Preferred Stocks
0.00% 0.00% 0.00% 33.90%
Other
0.00% -4.73% 26.55% 67.80%
Convertible Bonds
0.00% 0.00% 0.00% 33.90%

Bond Sector Breakdown

Weighting Return Low Return High PCDPX % Rank
Municipal
91.08% 17.56% 100.92% 89.83%
Cash & Equivalents
8.92% 0.00% 82.44% 10.17%
Derivative
0.00% 0.00% 0.00% 33.90%
Securitized
0.00% 0.00% 11.28% 35.59%
Corporate
0.00% -1.04% 0.47% 33.90%
Government
0.00% 0.00% 0.13% 35.59%

Bond Geographic Breakdown

Weighting Return Low Return High PCDPX % Rank
US
90.31% 17.56% 132.26% 59.32%
Non US
0.77% 0.00% 23.01% 86.44%

Expenses

PCDPX - Expenses

Operational Fees

PCDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.33% 2.75% 94.92%
Management Fee 0.43% 0.30% 0.80% 21.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.10% 0.30% 80.00%

Sales Fees

PCDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PCDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PCDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 4.67% 67.00% 98.33%

Distributions

PCDPX - Distributions

Dividend Yield Analysis

PCDPX Category Low Category High PCDPX % Rank
Dividend Yield 0.29% 0.00% 2.09% 71.67%

Dividend Distribution Analysis

PCDPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PCDPX Category Low Category High PCDPX % Rank
Net Income Ratio 1.57% 1.05% 4.59% 93.22%

Capital Gain Distribution Analysis

PCDPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

PCDPX - Fund Manager Analysis

Managers

Julie Callahan


Start Date

Tenure

Tenure Rank

Jan 02, 2014

6.08

6.1%

Ms. Callahan is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2011, she was a portfolio manager for municipal separately managed accounts at Western Asset (WAMCO). She previously managed the firm's municipal money market funds. Before that, Ms. Callahan was director and portfolio manager for municipal money market funds with Citigroup Asset Management. She has 22 years of investment experience and holds a bachelor's degree from Fairfield University.

David Hammer


Start Date

Tenure

Tenure Rank

Aug 20, 2015

4.45

4.5%

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 holds an undergraduate degree from Syracuse University.

Rachel Betton


Start Date

Tenure

Tenure Rank

Jan 03, 2020

0.08

0.1%

Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.27 5.88 9.09