PCIQX - PGIM California Muni Income Fund-Class R6

Nasdaq - Nasdaq Delayed price. Currency in USD

PGIM California Muni Income Fund-Class R6

Newark, NJ 07102

Gateway Center Three, 4th Floor,100 Mulberry Street

Dryden California Municipal Fund

Management information
,Lead manager since 30 October 2004
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds for PGIM Fixed Income. In addition to co-managing the global multi-sector strategies, Mr. Tipp is responsible for global rates positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at the Firm since 1991, where he has held a variety of senior investment manager and strategist roles.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryMuni California Intermediate
Fund familyPGIM Investments
Net assets228.23M
YTD return0.86%
Yield2.45%
Morningstar rating★★★★
Inception date31 July 1994

Fund operations

Last dividend0.08
Last cap gain-3.00
Holdings turnover67.00%
Average for categoryN/A

Fees and expenses

ExpensePCIQXCategory average
Annual report expense ratio (net)1.51%0.78%
Prospectus net expense ratio1.51%N/A
Prospectus gross expense ratio1.59%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.37%
Max deferred sales loadN/A1.00%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A