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PGIM California Muni Income Z (PCIZX)

9.65
0.00
(0.00%)
At close: 8:01:56 PM EDT

Fund Summary

The fund invests primarily in California state and local municipal bonds, which are debt obligations or fixed income securities, including notes, commercial paper and other securities, as well as obligations of other issuers that pay interest income that is exempt from California state and federal income taxes. It invests at least 70% of its investable assets in "investment grade" municipal debt obligations.

PGIM California Muni Income Z

Newark, NJ 07102
Gateway Center Three, 4th Floor,100 Mulberry Street

Fund Overview

Category Muni California Intermediate
Fund Family PGIM Investments
Net Assets 281.03M
YTD Return 0.35%
Yield 3.01%
Morningstar Rating
Inception Date Aug 01, 1994

Fund Operations

Last Dividend 0.07
Last Cap Gain -1.00
Holdings Turnover 75.00%
Average for Category --

Fees & Expenses

Expense PCIZX Category Average
Annual Report Expense Ratio (net) 0.39% 0.78%
Prospectus Net Expense Ratio 0.39% --
Prospectus Gross Expense Ratio 0.57% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.37%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

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

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. When necessary, we may change a category assignment based on recent changes to the portfolio.

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