PCICX Performance — PGIM California Muni Income Fund, Class C
Data updated: 2026-07-27
PCICX returned +0.21% year to date and +4.40% over one year to May 2026. Annualised returns are +2.68% over 3 years and −0.08% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $108, against $111 for the category, and to $104 over one year, against $106. Volatility over the past three years was 3.80% a year. In the 12 months to May 2026 the fund took in a net $96.6M, and assets reached $392.11M.
PCICX Growth of $100
What $100 invested in PGIM California Muni Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PCICX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $106 |
| 3 years (Jun 2023 – May 2026) | $108 | $111 |
| 5 years (Jun 2021 – May 2026) | $100 | $104 |
| Since data start (Sep 2019 – May 2026) | $102 | $109 |
PCICX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.21% |
| 1 year | +4.40% |
| 3 years (annualised) | +2.68% |
| 5 years (annualised) | −0.08% |
PCICX Annual Returns
Calendar-year total returns of PGIM California Muni Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.21% |
| 2025 | +3.72% |
| 2024 | +0.78% |
| 2023 | +3.95% |
| 2022 | −8.42% |
| 2021 | +0.01% |
| 2020 | +2.50% |
| 2019 (Sep–Dec) | −0.51% |
PCICX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | −2.4% | +0.8% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.8% | −1.1% | −0.9% | +0.4% | +0.6% | +0.1% | +0.8% | +1.4% | +1.1% | +0.3% | 0.0% |
| 2024 | −0.4% | +0.2% | −0.1% | −0.8% | −0.4% | +1.2% | +0.7% | +0.9% | +0.7% | −1.3% | +1.1% | −1.1% |
| 2023 | +1.8% | −1.6% | +1.4% | −0.3% | −0.6% | +0.6% | +0.3% | −0.7% | −1.7% | −0.6% | +3.9% | +1.6% |
| 2022 | −2.6% | −0.5% | −2.9% | −2.4% | +1.0% | −1.1% | +1.7% | −1.5% | −2.7% | −0.5% | +2.7% | +0.2% |
| 2021 | +0.5% | −1.4% | +0.4% | +0.6% | +0.1% | +0.1% | +0.6% | −0.2% | −0.9% | −0.5% | +0.4% | +0.3% |
| 2020 | +1.7% | +1.4% | −4.8% | −2.0% | +2.6% | +0.9% | +1.7% | −0.3% | −0.1% | −0.2% | +1.1% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | 0.0% | +0.2% | +0.1% |
PCICX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.80%
- 3-year Sharpe ratio: -0.48 (vs 4.5% risk-free rate)
- Best month: +3.85% (Nov 2023)
- Worst month: −2.40% (Mar 2026)
PCICX Fund Flows
Monthly money in and out of PGIM California Muni Income Fund, from SEC Form N-PORT.
- 12-month net flow: $96.6M
- 12-month gross sales (incl. reinvestments): $174.5M
- Sales ÷ redemptions: 2.24×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $9.0M | $9.3M | −$313K |
| Apr 2026 | $17.1M | $8.1M | $8.9M |
| Mar 2026 | $26.9M | $6.5M | $20.3M |
| Feb 2026 | $14.6M | $4.4M | $10.1M |
| Jan 2026 | $14.8M | $5.8M | $9.0M |
| Dec 2025 | $16.8M | $4.8M | $11.9M |
| Nov 2025 | $11.6M | $3.6M | $8.0M |
| Oct 2025 | $9.3M | $8.0M | $1.4M |
| Sep 2025 | $13.1M | $6.9M | $6.2M |
| Aug 2025 | $15.7M | $8.9M | $6.8M |
| Jul 2025 | $11.9M | $5.9M | $5.9M |
| Jun 2025 | $13.9M | $5.6M | $8.3M |
PCICX Assets Under Management
Net assets of PGIM California Muni Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $392.11M |
| 2026-02-27 | $370.27M |
| 2025-11-28 | $334.87M |
| 2025-08-29 | $312.45M |
| 2025-05-30 | $288.56M |
| 2025-02-28 | $276.93M |
| 2024-11-29 | $257.06M |
| 2024-08-30 | $242.73M |
| 2024-05-31 | $234.17M |
| 2024-02-29 | $229.32M |
| 2023-11-30 | $218.27M |
| 2023-08-31 | $226.64M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.