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PGIM California Muni Income Fund (PCIQX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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9.86-0.01 (-0.10%)
At close: 08:00PM EST

PGIM California Muni Income Fund

Dryden California Municipal Fund

Gateway Center Three, 4th Floor,100 Mulberry Street

Newark, NJ 07102

Management information
Lee D. Friedman,Lead manager since 4 March 2014
Lee Friedman, CFA, is a Principal and a Portfolio Manager for PGIM Fixed Income’s Municipal Bond Team. Mr. Friedman assists in managing tax-exempt and taxable municipal assets for retail funds, institutional clients, and affiliated accounts. Previously, he was an Associate for PGIM Fixed Income’s Credit Research Group where he covered higher education, not-for-profits (501c3), state and local government obligations, and transportation bonds, and also supported the senior municipal credit analysts. Previously, Mr. Friedman held positions in both Prudential’s Asset Liability and Risk Management Group and PGIM Fixed Income, where he supported the attribution and forecasting processes. Prior to joining the Firm in 2003, Mr. Friedman was an auditor at The Vanguard Group. He received a BS in Finance with High Distinction from Pennsylvania State University. Mr. Friedman holds the Chartered Financial Analyst (CFA) designation.
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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 assets213.98M
YTD return1.81%
Yield2.39%
Morningstar rating★★★★★
Inception date25 Oct 2017

Fund operations

Last dividend0.02
Last cap gain0.00
Holdings turnover67.00%
Average for categoryN/A

Fees and expenses

ExpensePCIQXCategory average
Annual report expense ratio (net)0.39%0.78%
Prospectus net expense ratio0.39%N/A
Prospectus gross expense ratio0.51%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.37%
Max deferred sales loadN/A1.00%
3-yr expense projection150N/A
5-yr expense projection272N/A
10-yr expense projection628N/A