PGIM California Muni Income B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
-1.0%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
-0.2%
Net Assets
$191 M
Holdings in Top 10
16.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.66%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCAIX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM California Muni Income Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateDec 07, 1993
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Tipp
Fund Description
PCAIX - Performance
Return Ranking - Trailing
Period | PCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -3.0% | 303.2% | 79.38% |
1 Yr | -1.0% | -3.4% | 297.6% | 85.42% |
3 Yr | -0.1%* | -0.9% | 58.8% | 88.57% |
5 Yr | -0.2%* | -0.7% | 31.6% | 86.45% |
10 Yr | 0.2%* | -0.3% | 15.0% | 94.53% |
* Annualized
Return Ranking - Calendar
Period | PCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | 2.4% | 7.5% | 52.11% |
2022 | -2.9% | -4.3% | 2.8% | 60.44% |
2021 | 1.8% | -0.2% | 6.8% | 71.08% |
2020 | -3.8% | -4.7% | -1.7% | 77.07% |
2019 | -0.6% | -1.9% | 1.8% | 85.06% |
Total Return Ranking - Trailing
Period | PCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -3.0% | 303.2% | 79.38% |
1 Yr | -1.0% | -3.4% | 297.6% | 85.42% |
3 Yr | -0.1%* | -0.9% | 59.1% | 89.14% |
5 Yr | -0.1%* | -0.7% | 31.9% | 87.74% |
10 Yr | 0.3%* | -0.3% | 15.5% | 93.75% |
* Annualized
Total Return Ranking - Calendar
Period | PCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | 2.4% | 7.5% | 52.11% |
2022 | -2.9% | -4.3% | 2.8% | 65.38% |
2021 | 1.9% | -0.2% | 6.9% | 74.10% |
2020 | -3.8% | -4.6% | 0.8% | 79.62% |
2019 | -0.6% | -1.9% | 3.7% | 87.01% |
PCAIX - Holdings
Concentration Analysis
PCAIX | Category Low | Category High | PCAIX % Rank | |
---|---|---|---|---|
Net Assets | 191 M | 2.99 M | 17.2 B | 81.44% |
Number of Holdings | 153 | 20 | 4740 | 72.68% |
Net Assets in Top 10 | 31.5 M | 1.83 M | 3.01 B | 83.51% |
Weighting of Top 10 | 16.83% | 3.5% | 61.1% | 52.06% |
Top 10 Holdings
- CALIFORNIA ST 5% 2.81%
- CALIFORNIA MUN FIN AUTH REV 0.04% 2.06%
- LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV 5% 1.86%
- CALIFORNIA HEALTH FACS FING AUTH REV 4% 1.79%
- LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5% 1.51%
- LOS ANGELES CALIF DEPT ARPTS ARPT REV 5% 1.46%
- CALIFORNIA MUN FIN AUTH REV 5% 1.45%
- CALIFORNIA MUN FIN AUTH EXEMPT FACS REV 0.06% 1.37%
- ORANGE CNTY CALIF CMNTY FACS DIST SPL TAX 5.25% 1.27%
- CALIFORNIA ST 5% 1.26%
Asset Allocation
Weighting | Return Low | Return High | PCAIX % Rank | |
---|---|---|---|---|
Bonds | 98.43% | 88.08% | 101.44% | 64.43% |
Cash | 1.57% | -1.43% | 11.92% | 35.57% |
Stocks | 0.00% | 0.00% | 0.10% | 44.85% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 43.81% |
Other | 0.00% | 0.00% | 3.39% | 47.94% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 43.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PCAIX % Rank | |
---|---|---|---|---|
Municipal | 98.43% | 49.29% | 101.06% | 60.31% |
Cash & Equivalents | 1.57% | -0.27% | 13.85% | 37.63% |
Derivative | 0.00% | 0.00% | 0.00% | 43.81% |
Securitized | 0.00% | 0.00% | 0.00% | 43.81% |
Corporate | 0.00% | 0.00% | 2.58% | 52.58% |
Government | 0.00% | -0.79% | 49.18% | 44.85% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PCAIX % Rank | |
---|---|---|---|---|
US | 96.95% | 85.92% | 101.11% | 56.70% |
Non US | 1.48% | 0.00% | 9.10% | 47.42% |
PCAIX - Expenses
Operational Fees
PCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.66% | 0.09% | 3.74% | 12.44% |
Management Fee | 0.38% | 0.00% | 0.63% | 24.23% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 60.95% |
Administrative Fee | N/A | 0.01% | 0.33% | N/A |
Sales Fees
PCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 4.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | 7.50% |
Trading Fees
PCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 2.00% | 235.00% | 93.26% |
PCAIX - Distributions
Dividend Yield Analysis
PCAIX | Category Low | Category High | PCAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.60% | 53.09% |
Dividend Distribution Analysis
PCAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PCAIX | Category Low | Category High | PCAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.74% | 0.73% | 3.84% | 51.30% |
Capital Gain Distribution Analysis
PCAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.024 | |
Feb 28, 2019 | $0.022 | |
Jan 31, 2019 | $0.024 | |
Dec 31, 2018 | $0.023 | |
Nov 30, 2018 | $0.026 | |
Oct 31, 2018 | $0.025 | |
Aug 31, 2018 | $0.026 | |
Jul 31, 2018 | $0.023 | |
Jun 29, 2018 | $0.025 | |
May 31, 2018 | $0.025 | |
Apr 30, 2018 | $0.023 | |
Mar 29, 2018 | $0.026 | |
Feb 28, 2018 | $0.023 | |
Jan 31, 2018 | $0.025 | |
Nov 30, 2017 | $0.024 | |
Oct 31, 2017 | $0.024 | |
Sep 29, 2017 | $0.025 | |
Aug 31, 2017 | $0.027 | |
Jul 31, 2017 | $0.022 | |
Jun 30, 2017 | $0.029 | |
May 31, 2017 | $0.028 | |
Apr 28, 2017 | $0.025 | |
Mar 31, 2017 | $0.030 | |
Feb 28, 2017 | $0.025 | |
Jan 31, 2017 | $0.029 | |
Dec 30, 2016 | $0.028 | |
Nov 30, 2016 | $0.029 | |
Oct 31, 2016 | $0.026 | |
Sep 30, 2016 | $0.029 | |
Aug 31, 2016 | $0.028 | |
Jul 29, 2016 | $0.027 | |
Jun 30, 2016 | $0.029 | |
May 31, 2016 | $0.029 | |
Apr 29, 2016 | $0.030 | |
Mar 31, 2016 | $0.030 | |
Feb 29, 2016 | $0.029 | |
Jan 29, 2016 | $0.031 | |
Dec 31, 2015 | $0.031 | |
Nov 30, 2015 | $0.029 | |
Oct 30, 2015 | $0.031 | |
Sep 30, 2015 | $0.029 | |
Aug 31, 2015 | $0.029 | |
Jul 31, 2015 | $0.034 | |
Jun 30, 2015 | $0.031 | |
May 29, 2015 | $0.032 | |
Apr 30, 2015 | $0.031 | |
Mar 31, 2015 | $0.031 | |
Feb 27, 2015 | $0.029 | |
Jan 30, 2015 | $0.033 | |
Dec 31, 2014 | $0.032 | |
Nov 28, 2014 | $0.029 | |
Nov 26, 2014 | $0.020 | |
Oct 31, 2014 | $0.035 | |
Sep 30, 2014 | $0.030 | |
Aug 29, 2014 | $0.031 | |
Jul 31, 2014 | $0.031 | |
Jun 30, 2014 | $0.032 | |
May 30, 2014 | $0.033 | |
Apr 30, 2014 | $0.032 | |
Mar 31, 2014 | $0.031 | |
Feb 28, 2014 | $0.031 | |
Jan 31, 2014 | $0.036 | |
Dec 31, 2013 | $0.033 | |
Nov 29, 2013 | $0.034 | |
Nov 27, 2013 | $0.037 | |
Oct 31, 2013 | $0.034 | |
Sep 30, 2013 | $0.031 | |
Aug 30, 2013 | $0.036 | |
Jul 31, 2013 | $0.034 | |
Jun 28, 2013 | $0.030 | |
May 31, 2013 | $0.035 | |
Apr 30, 2013 | $0.032 | |
Mar 28, 2013 | $0.032 | |
Feb 28, 2013 | $0.029 | |
Jan 31, 2013 | $0.033 | |
Dec 31, 2012 | $0.036 | |
Nov 30, 2012 | $0.035 | |
Nov 29, 2012 | $0.000 | |
Oct 31, 2012 | $0.033 | |
Sep 28, 2012 | $0.029 | |
Aug 31, 2012 | $0.037 | |
Jul 31, 2012 | $0.036 | |
Jun 29, 2012 | $0.038 | |
May 31, 2012 | $0.035 | |
Apr 30, 2012 | $0.033 | |
Mar 30, 2012 | $0.036 | |
Feb 29, 2012 | $0.032 | |
Jan 31, 2012 | $0.035 | |
Dec 30, 2011 | $0.035 | |
Nov 30, 2011 | $0.034 | |
Nov 29, 2011 | $0.009 | |
Oct 31, 2011 | $0.033 | |
Sep 30, 2011 | $0.035 | |
Aug 31, 2011 | $0.034 | |
Jul 29, 2011 | $0.041 | |
Jun 24, 2011 | $0.038 | |
May 25, 2011 | $0.036 | |
Apr 25, 2011 | $0.035 | |
Mar 25, 2011 | $0.034 | |
Feb 25, 2011 | $0.040 | |
Jan 25, 2011 | $0.037 | |
Dec 23, 2010 | $0.037 | |
Nov 24, 2010 | $0.009 | |
Oct 25, 2010 | $0.034 | |
Sep 24, 2010 | $0.037 | |
Aug 25, 2010 | $0.036 | |
Jul 23, 2010 | $0.033 | |
Jun 25, 2010 | $0.039 | |
May 25, 2010 | $0.036 | |
Apr 23, 2010 | $0.037 | |
Mar 25, 2010 | $0.033 | |
Feb 25, 2010 | $0.037 |
PCAIX - Fund Manager Analysis
Managers
Robert Tipp
Start Date
Tenure
Tenure Rank
Oct 31, 2004
15.67
15.7%
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds for PGIM Fixed Income. In addition to comanaging the Global Aggregate Plus strategy, Mr. Tipp is responsible for global rates positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at the Firm since 1991, where he has held a variety of senior investment manager and strategist roles. Prior to joining the Firm, he was a Director in the Portfolio Strategies Group at the First Boston Corporation, where he developed, marketed, and implemented strategic portfolio products for money managers. Before that, Mr. Tipp was a Senior Staff Analyst at the Allstate Research & Planning Center, and managed fixed income and equity derivative strategies at Wells Fargo Investment Advisors. He received a BS in Business Administration and an MBA from the University of California, Berkeley. Mr. Tipp holds the Chartered Financial Analyst (CFA) designation. Named Morningstar’s 2017 Fixed Income Manager of The Year for PGIM Total Return Bond Fund.
Susan Courtney
Start Date
Tenure
Tenure Rank
Apr 04, 2005
15.25
15.3%
Susan M. Courtney is Managing Director and Head of PGIM Fixed Income's Municipal Bond Team. She is responsible for developing, directing, and executing investment strategy for all municipal bond assets, including the Prudential municipal bond mutual funds. Ms. Courtney joined Prudential Financial in 2005 from GE Asset Management (GE), where she spent ten years as a municipal bond portfolio manager. Prior to her career at GE, Ms. Courtney was Assistant Vice President of the Global Power Group at Fitch Investors Services, Inc., and a Senior Analyst in the Unit Investment Trust Department of Dean Witter Reynolds. Ms. Courtney earned a BA in Economics from Hartwick College and an MBA in Finance from Fordham University.
Lee Friedman
Start Date
Tenure
Tenure Rank
Mar 05, 2014
6.33
6.3%
Lee Friedman, CFA, is a Principal and a Portfolio Manager for PGIM Fixed Income’s Municipal Bond Team. Mr. Friedman assists in managing tax-exempt and taxable municipal assets for retail funds, institutional clients, and affiliated accounts. Previously, he was an Associate for PGIM Fixed Income’s Credit Research Group where he covered higher education, not-for-profits (501c3), state and local government obligations, and transportation bonds, and also supported the senior municipal credit analysts. Previously, Mr. Friedman held positions in both Prudential’s Asset Liability and Risk Management Group and PGIM Fixed Income, where he supported the attribution and forecasting processes. Prior to joining the Firm in 2003, Mr. Friedman was an auditor at The Vanguard Group. He received a BS in Finance with High Distinction from Pennsylvania State University. Mr. Friedman holds the Chartered Financial Analyst (CFA) designation.
John Dittemer
Start Date
Tenure
Tenure Rank
Mar 05, 2014
6.33
6.3%
John Dittemer is Vice President and Portfolio Manager for PGIM Fixed Income’s Municipal Bond Team. Mr. Dittemer assists in managing tax-exempt and taxable municipal assets for retail funds, institutional clients, and affiliated accounts. Previously, as a member of the Portfolio Analysis Group, Mr. Dittemer provided analytical support to Prudential Fixed Income's municipal bond, money market, and affiliated account teams. Earlier, he was a team supervisor in money market operations, and a performance reporting specialist for the affiliated accounts team. Mr. Dittemer received a BS in Management with a concentration in Finance from Kean University, and an MS in Management with concentration in Finance from the New Jersey Institute of Technology.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 31.69 | 9.23 | 7.51 |