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Morningstar

PGIM California Muni Income C PCICX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.87  /  +0.01 %
  • Total Assets 237.4 Mil
  • Adj. Expense Ratio
    1.530%
  • Expense Ratio 1.530%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.66%
  • Effective Duration 4.43 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PCICX

Will PCICX 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 PCICX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCICX 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 PCICX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in PGIM California Muni Income C's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PCICX

More PCICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4%

1.96 4.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.93 4.7 Mil
municipal

LOS ANGELES CALIF CMNTY COLLEGE DIST 5%

1.73 4.2 Mil
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.56 3.8 Mil
municipal

ORANGE CNTY CALIF TRANSN AUTH REV 5%

1.30 3.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 3%

1.27 3.1 Mil
municipal

LOS ANGELES CALIF 5%

1.25 3.0 Mil
municipal

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

1.22 3.0 Mil
municipal

IRVINE CALIF FACS FING AUTH SPL TAX REV 5.25%

1.16 2.8 Mil
municipal

CALIFORNIA ST 5%

1.04 2.6 Mil
municipal