About PCIQX
PGIM California Muni Income Fund Class R6 is a tax-exempt municipal bond mutual fund focused on generating current income exempt from both California state and U.S. federal income taxes, while seeking preservation of capital. The fund primarily invests in debt issued by California state and local governments and related authorities, including notes, commercial paper, and other municipal securities that provide federally and state tax-exempt interest. It maintains a quality profile with at least 70% of investable assets in investment-grade municipal obligations, balancing income objectives with credit discipline. Managed within the PGIM Investments family, the strategy emphasizes diversified exposure across sectors such as general obligation, essential services, transportation, healthcare, and education-related revenue bonds common to the California municipal market. The fund distributes income on a monthly basis, aligning with investor preferences for regular tax-advantaged cash flows. With a long-term orientation toward income stability and municipal credit fundamentals, PGIM California Muni Income Fund Class R6 plays a role in portfolios seeking state-specific tax efficiency, diversification within fixed income, and exposure to the fiscal dynamics of California’s municipal issuers.
Fund Family PGIM
Category Muni California Intermediate
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PCIQX
Share Class Class R6
Index Bloomberg Municipal Bond TR
PCIQX had a total return of 5.39% in the past year, including dividends.
Since the fund's inception, the average annual return has been 2.22%.
