PGIM California Muni Income Fund-Class Z (PCIZX)
| Fund Assets | 370.27M |
| Expense Ratio | 0.39% |
| Min. Investment | $1,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.92% |
| Dividend Growth | 7.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.90 |
| YTD Return | -0.48% |
| 1-Year Return | 4.29% |
| 5-Year Return | 5.45% |
| 52-Week Low | 9.53 |
| 52-Week High | 10.14 |
| Beta (5Y) | n/a |
| Holdings | 267 |
| Inception Date | Sep 18, 1996 |
About PCIZX
PGIM California Municipal Income Fund Class Z is an actively managed municipal bond mutual fund focused on generating tax-advantaged income. 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. The portfolio invests predominantly in debt issued by California state and local governments and related agencies, including general obligation and revenue bonds across sectors such as transportation, water and sewer, housing, and industrial development. The strategy emphasizes credit quality, committing at least 70% of investable assets to investment-grade municipal securities, while retaining flexibility to allocate to other tax-exempt issuers when appropriate. Managed by PGIM Fixed Income, the fund typically holds a diversified basket of hundreds of securities and manages interest-rate sensitivity and credit exposure through active sector rotation and security selection. Within the municipal bond market, the fund serves investors seeking diversified California muni exposure and consistent tax-exempt income, supported by institutional research, credit surveillance, and risk management processes tailored to the state’s fiscal dynamics and issuer landscape.
Performance
PCIZX had a total return of 4.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.15%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.0268 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02482 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02727 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02705 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02633 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02699 | Oct 31, 2025 |