PGIM California Muni Income Fund
Data updated: 2026-07-27
C000012499 — PGIM California Muni Income Fund. Long Municipal - National Bond · $392.11M AUM. Holdings, fees, performance and SEC filings.
C000012499 Fund Overview
PGIM California Muni Income Fund is a US mutual fund managed by Prudential Investment Portfolios 6, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Investment Portfolios 6
- Category: Long Municipal - National Bond
- Assets under management: $392.11M
- SEC CIK: 0000746518
- SEC series ID: S000004572
- Share class ID: C000012499
C000012499 Investment Objective and Strategy
PGIM California Muni Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 6.
Investment objective
The investment objective of the Fund is to maximize current income that is exempt from California state and federal income taxes, consistent with the preservation of capital .
Principal investment strategy
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 (such as issuers located in Puerto Rico, the Virgin Islands and Guam) that pay interest income that is exempt from California state and federal income taxes (collectively called California obligations). In conjunction with the Fund's investment objective, the Fund may invest in debt obligations with the potential for capital gain. The Fund may invest in California obligations, the interest and/or principal payments on which are insured by bond insurers or other parties. As a fundamental policy of the Fund, the Fund invests, under normal circumstances, so that at least 80% of the income from the Fund's investments will be exempt from California state and federal income taxes or the Fund will invest at least 80% of its investable assets in California obligations.
The Fund's investments permitted by this policy may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax (AMT). The term investable assets refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund normally invests at least 70% of its investable assets in investment grade debt obligations. The Fund may also invest up to 30% of its investable assets in high yield municipal debt obligations or junk bonds. In managing the Funds assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems.
In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook is determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk.
C000012499 Holdings
Top 10 holdings of PGIM California Muni Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| California Community Choice Financing Authority (ca) | 1.27% |
| Oxnard Calif Sch Dist | 1.23% |
| (PIPA070) PGIM Core Government Money Market Fund | 1.14% |
| California Community Choice Financing Authority (ca) | 1.08% |
| California Community Choice Financing Authority (ca) | 1.06% |
| Long Beach Bond Finance Authority (ca) | 1.03% |
| San Francisco City And County Airport Commission (ca) | 0.89% |
| California Health Facilities Financing Authority (ca) | 0.88% |
| California Statewide Communities Development Authority (ca) | 0.87% |
| Regents Of The University Of California (the) (ca) | 0.87% |
C000012499 Portfolio Allocation
Asset-class allocation of PGIM California Muni Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.4% |
| Cash & Equivalents | 1.1% |
C000012499 Costs and Fees
C000012499 costs about $141 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.41%
- Gross expense ratio: 1.81%
- Portfolio turnover: 43%
- Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)
C000012499 Cashflows
Over the 12 months to 2026-05, PGIM California Muni Income Fund had net inflows of $96.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$312.69K |
| 2026-04 | $8.93M |
| 2026-03 | $20.34M |
| 2026-02 | $10.14M |
| 2026-01 | $8.98M |
| 2025-12 | $11.91M |
C000012499 Debt Constituents
Largest debt holdings of PGIM California Muni Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| California Community Choice Financing Authority (ca) | 1.27% |
| Oxnard Calif Sch Dist | 1.23% |
| California Community Choice Financing Authority (ca) | 1.08% |
| California Community Choice Financing Authority (ca) | 1.06% |
| Long Beach Bond Finance Authority (ca) | 1.03% |
| San Francisco City And County Airport Commission (ca) | 0.89% |
| California Health Facilities Financing Authority (ca) | 0.88% |
| California Statewide Communities Development Authority (ca) | 0.87% |
| Regents Of The University Of California (the) (ca) | 0.87% |
| California Community Choice Financing Authority (ca) | 0.85% |
C000012499 Prospectus and SEC Filings
Official PGIM California Muni Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-30
- Prospectus (485BPOS) — filed 2024-10-29
- Prospectus (485BPOS) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2025-11-13
- Annual census (N-CEN) — filed 2024-11-13
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.