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Morningstar

PGIM California Muni Income A PBCAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.79  /  +0.01 %
  • Total Assets 235.6 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.43%
  • Effective Duration 4.35 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PBCAX

Will PBCAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

PGIM California Muni Income A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PBCAX

More PBCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Invt Portfolios 2

4.33 10.2 Mil
—

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4%

1.83 4.3 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.70 4.0 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.50 3.5 Mil
municipal

LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV 5%

1.27 3.0 Mil
municipal

LOS ANGELES CALIF CMNTY COLLEGE DIST 5%

1.26 3.0 Mil
municipal

IRVINE CALIF FACS FING AUTH SPL TAX REV 5.25%

1.23 2.9 Mil
municipal

CALIFORNIA ST 5%

1.10 2.6 Mil
municipal

PORT OAKLAND CALIF REV 5%

1.08 2.5 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.07 2.5 Mil
municipal