PGIM California Muni Income Fund-Class A (PBCAX)
| Fund Assets | 393.62M |
| Expense Ratio | 0.68% |
| Min. Investment | $1,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.80% |
| Dividend Growth | 6.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.98 |
| YTD Return | 1.05% |
| 1-Year Return | 5.05% |
| 5-Year Return | 4.27% |
| 52-Week Low | 9.69 |
| 52-Week High | 10.14 |
| Beta (5Y) | 0.18 |
| Holdings | 295 |
| 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 5.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.72%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02346 | Jun 30, 2026 |
| May 29, 2026 | $0.02431 | May 29, 2026 |
| Apr 30, 2026 | $0.02376 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02433 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02256 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0248 | Jan 30, 2026 |