PBCAX – PGIM California Muni Income A Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income that is exempt from California state and federal income taxes, consistent with the preservation of capital. The fund invests primarily in California state and local municipal bonds, which are debt obligations or fixed income securities, including notes, commercial paper and other securities, as well as obligations of other issuers that pay interest income that is exempt from California state and federal income taxes. It invests at least 70% of its investable assets in "investment grade" municipal debt obligations.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PCIZX	PGIM California Muni Income Fund-Class Z	Institutional	Open			Sep 18, 1996	$258.86M	0.390%	Low	$0	$84.23M
PBCAX	PGIM California Muni Income Fund-Class A	Front Load	Open			Dec 3, 1990	$122.24M	0.680%	Low	$1,000	$9.46M
PCICX	PGIM California Muni Income Fund-Class C	Level Load	Open			Aug 1, 1994	$3.14M	1.620%	High	$1,000	−$942,236.69
PCIQX	PGIM California Muni Income Fund-Class R6	Retirement, Large	Open			Oct 26, 2017	$41.70M	0.380%	Below Average	$0	$10.51M

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