PCICX

About PCICX

PGIM California Muni Income Fund Class C is an open-end municipal bond mutual fund focused on generating tax-advantaged income for California residents. The fund primarily invests in investment-grade debt issued by California state and local entities, including general obligation and revenue bonds, seeking current income that is generally exempt from federal and California state income taxes, consistent with capital preservation objectives. Positioned in the Muni California Intermediate category, it typically maintains an intermediate interest-rate profile, with portfolios in this segment characterized by durations of roughly four to six years. The Class C share class carries a distribution and service fee structure specific to this class, with a disclosed maximum sales charge of 1.0% and ongoing expenses reflective of the class’s 12b-1 fees. The fund serves as a specialized tool for investors aiming to align fixed income exposure with California’s municipal market, financing sectors such as infrastructure, education, and public services while emphasizing tax efficiency within a diversified municipal portfolio.