PGIM California Muni Income Fund-Class A (PBCAX)
| Fund Assets | 357.71M |
| Expense Ratio | 0.69% |
| Min. Investment | $1,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.72% |
| Dividend Growth | 8.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.46 |
| YTD Return | -1.89% |
| 1-Year Return | 2.33% |
| 5-Year Return | 0.81% |
| 52-Week Low | 9.62 |
| 52-Week High | 10.46 |
| Beta (5Y) | 0.19 |
| Holdings | 252 |
| Inception Date | Dec 3, 1990 |
About PBCAX
PGIM California Muni Income Fund Class A is a municipal bond mutual fund focused on generating tax-exempt income for California residents. Its primary objective is to maximize current income that is exempt from both California state and U.S. federal income taxes, while maintaining capital preservation as a guiding constraint. The portfolio invests mainly in debt issued by California state and local entities, including revenue and general obligation bonds, as well as short-term municipal instruments such as notes and commercial paper that qualify for tax-exempt treatment. The fund targets an intermediate interest-rate profile, with a medium credit-quality emphasis and limited interest-rate sensitivity for balanced income and risk characteristics. Class A shares carry a front-end sales charge with a stated maximum applicable to this share class, alongside an expense ratio that positions the fund in the higher-cost tiers relative to category peers. Within California’s municipal market, the fund serves investors seeking diversified exposure to essential-service, education, healthcare, transportation, and infrastructure-related issuers to pursue steady, tax-advantaged cash flows.
Performance
PBCAX had a total return of 2.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.17%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0248 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02458 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02394 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02453 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02373 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02463 | Aug 29, 2025 |