GCMFX Performance — PIMCO California Municipal Opportunistic Value Fund, Institutional Class
Data updated: 2026-08-31
GCMFX returned +2.65% year to date and +6.96% over one year to Jun 2026. Annualised returns are +3.62% over 3 years and +2.14% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $111, against $112 for the category, and to $107 over one year, against $108. Volatility over the past three years was 4.54% a year. In the 12 months to Jun 2026 the fund lost a net $49.2M, and assets reached $175.46M.
GCMFX Growth of $100
What $100 invested in PIMCO California Municipal Opportunistic Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | GCMFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $111 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $118 | $113 |
GCMFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.65% |
| 1 year | +6.96% |
| 3 years (annualised) | +3.62% |
| 5 years (annualised) | +2.14% |
GCMFX Annual Returns
Calendar-year total returns of PIMCO California Municipal Opportunistic Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.65% |
| 2025 | +2.74% |
| 2024 | +2.22% |
| 2023 | +5.76% |
| 2022 | −2.85% |
| 2021 | +1.75% |
| 2020 | +2.67% |
| 2019 (Jul–Dec) | +1.55% |
GCMFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +1.3% | −1.6% | +1.1% | +0.5% | +1.0% | — | — | — | — | — | — |
| 2025 | −0.1% | +0.9% | −1.3% | −0.6% | −0.6% | +0.4% | −0.7% | +0.6% | +2.6% | +1.2% | +0.4% | 0.0% |
| 2024 | 0.0% | +0.2% | 0.0% | −0.7% | +0.2% | +1.2% | +0.8% | +0.5% | +1.0% | −1.1% | +1.4% | −1.0% |
| 2023 | +2.1% | −1.5% | +1.5% | 0.0% | −0.4% | +0.7% | +0.2% | −0.9% | −2.0% | −1.2% | +5.0% | +2.1% |
| 2022 | −1.2% | −0.2% | −1.1% | −1.2% | +1.0% | −0.7% | +1.5% | −1.4% | −2.3% | −0.6% | +3.4% | +0.1% |
| 2021 | +0.4% | −0.3% | +0.5% | +0.5% | +0.3% | +0.1% | +0.3% | −0.1% | −0.1% | +0.1% | +0.2% | 0.0% |
| 2020 | +0.9% | +0.7% | −1.9% | −0.4% | +1.5% | +0.1% | +0.7% | −0.1% | 0.0% | +0.2% | +0.8% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.5% | +0.8% | −0.5% | +0.2% | +0.2% | +0.3% |
GCMFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.54%
- 3-year Sharpe ratio: -0.19 (vs 4.5% risk-free rate)
- Best month: +5.02% (Nov 2023)
- Worst month: −1.99% (Sep 2023)
GCMFX Fund Flows
Monthly money in and out of PIMCO California Municipal Opportunistic Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$49.2M
- 12-month gross sales (incl. reinvestments): $41.4M
- Sales ÷ redemptions: 0.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.5M | $1.5M | $989K |
| May 2026 | $3.3M | $26.9M | −$23.5M |
| Apr 2026 | $2.7M | $6.5M | −$3.8M |
| Mar 2026 | $1.5M | $8.5M | −$7.0M |
| Feb 2026 | $4.7M | $4.2M | $522K |
| Jan 2026 | $2.1M | $9.3M | −$7.2M |
| Dec 2025 | $2.9M | $6.2M | −$3.3M |
| Nov 2025 | $5.0M | $3.6M | $1.4M |
| Oct 2025 | $4.7M | $5.3M | −$593K |
| Sep 2025 | $3.0M | $5.9M | −$2.9M |
| Aug 2025 | $3.3M | $5.4M | −$2.1M |
| Jul 2025 | $5.7M | $7.4M | −$1.7M |
GCMFX Assets Under Management
Net assets of PIMCO California Municipal Opportunistic Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $175.46M |
| 2026-03-31 | $198.56M |
| 2025-12-31 | $213.94M |
| 2025-09-30 | $214.90M |
| 2025-06-30 | $217.92M |
| 2025-03-31 | $247.19M |
| 2024-12-31 | $257.65M |
| 2024-09-30 | $274.68M |
| 2024-06-30 | $265.56M |
| 2024-03-31 | $267.54M |
| 2023-12-31 | $261.48M |
| 2023-09-30 | $235.96M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.