PGIM California Muni Income Fund (PBCAX)
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.
Fund Info
US74440X1000
74440X100
Dec 2, 1990
$1,000
Expense Ratio
PBCAX features an expense ratio of 0.69%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM California Muni Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM California Muni Income Fund had a return of 0.64% year-to-date (YTD) and 2.80% in the last 12 months. Over the past 10 years, PGIM California Muni Income Fund had an annualized return of 1.84%, while the S&P 500 had an annualized return of 11.31%, indicating that PGIM California Muni Income Fund did not perform as well as the benchmark.
PBCAX
0.64%
0.95%
0.66%
2.80%
0.22%
1.84%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PBCAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.54% | 0.64% | |||||||||||
| 2024 | -0.19% | 0.20% | 0.01% | -0.70% | -0.18% | 1.14% | 0.73% | 0.94% | 0.83% | -1.18% | 1.14% | -0.97% | 1.74% |
| 2023 | 1.85% | -1.55% | 1.44% | -0.21% | -0.52% | 0.71% | 0.41% | -0.61% | -1.55% | -0.63% | 3.92% | 1.65% | 4.86% |
| 2022 | -2.56% | -0.43% | -2.83% | -2.22% | 1.08% | -1.15% | 1.80% | -1.44% | -2.60% | -0.45% | 2.75% | 0.30% | -7.65% |
| 2021 | 0.65% | -1.40% | 0.56% | 0.55% | 0.17% | 0.16% | 0.71% | -0.21% | -0.78% | -0.41% | 0.52% | 0.34% | 0.83% |
| 2020 | 1.72% | 1.50% | -4.74% | -1.95% | 2.68% | 0.97% | 1.72% | -0.26% | 0.01% | -0.10% | 1.32% | 0.65% | 3.34% |
| 2019 | 0.57% | 0.54% | 1.53% | 0.46% | 1.52% | 0.33% | 0.63% | 1.67% | -0.70% | 0.06% | 0.25% | 0.14% | 7.19% |
| 2018 | -0.94% | -0.41% | 0.39% | -0.31% | 1.15% | 0.18% | 0.08% | 0.31% | -0.81% | -0.59% | 0.73% | 0.66% | 0.42% |
| 2017 | 0.49% | 0.64% | 0.31% | 0.64% | 1.42% | -0.08% | 0.64% | 0.75% | -0.37% | 0.09% | -0.20% | 0.95% | 5.39% |
| 2016 | 1.04% | 0.10% | 0.57% | 0.75% | 0.47% | 1.73% | -0.10% | 0.18% | -0.53% | -1.10% | -4.22% | 0.88% | -0.36% |
| 2015 | 1.70% | -0.98% | 0.21% | -0.61% | -0.15% | -0.44% | 0.71% | 0.20% | 0.57% | 0.41% | 0.51% | 0.87% | 3.02% |
| 2014 | 2.40% | 1.46% | 0.25% | 1.36% | 1.54% | -0.14% | 0.21% | 1.42% | 0.49% | 0.62% | 0.10% | 0.69% | 10.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBCAX is 58, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM California Muni Income Fund (PBCAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM California Muni Income Fund provided a 2.65% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.23 | $0.20 | $0.21 | $0.27 | $0.33 | $0.35 | $0.37 | $0.37 | $0.40 | $0.43 |
Dividend yield | 2.65% | 2.64% | 2.35% | 2.08% | 1.95% | 2.51% | 3.02% | 3.39% | 3.43% | 3.54% | 3.69% | 3.95% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM California Muni Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.40 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.04 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM California Muni Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM California Muni Income Fund was 12.64%, occurring on Dec 16, 2008. Recovery took 171 trading sessions.
The current PGIM California Muni Income Fund drawdown is 1.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.64% | Jan 24, 2008 | 227 | Dec 16, 2008 | 171 | Aug 21, 2009 | 398 |
| -11.72% | Mar 10, 2020 | 9 | Mar 20, 2020 | 215 | Jan 27, 2021 | 224 |
| -11.13% | Aug 5, 2021 | 310 | Oct 26, 2022 | — | — | — |
| -8.49% | May 3, 2013 | 87 | Sep 5, 2013 | 172 | May 13, 2014 | 259 |
| -8.15% | Oct 13, 2010 | 67 | Jan 18, 2011 | 134 | Jul 29, 2011 | 201 |
Volatility
Volatility Chart
The current PGIM California Muni Income Fund volatility is 0.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.