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PGIM California Muni Income Fund-Class R6 (PCIQX)

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9.88+0.03 (+0.30%)
At close: 08:00PM EDT

PGIM California Muni Income Fund-Class R6

Dryden California Municipal Fund

Gateway Center Three, 4th Floor,100 Mulberry Stree

Newark, NJ 07102

800-225-1852
Management information
Lee M. 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
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Fund overview

CategoryMuni California Intermediate
Fund familyPGIM Funds (Prudential)
Net assets228.43M
YTD return-5.65%
Yield2.34%
Morningstar rating★★★★★
Inception date25 Oct 2017

Fund operations

Last dividend0.02
Last cap gain0.00
Holdings turnover27.00%
Average for categoryN/A

Fees and expenses

ExpensePCIQXCategory average
Annual report expense ratio (net)0.38%0.78%
Prospectus net expense ratio0.38%N/A
Prospectus gross expense ratio0.79%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.37%
Max deferred sales loadN/A1.00%
3-yr expense projection211N/A
5-yr expense projection398N/A
10-yr expense projection940N/A