PCIZX Performance — PGIM California Muni Income Fund, Class Z
Data updated: 2026-07-27
PCIZX returned +0.71% year to date and +5.80% over one year to May 2026. Annualised returns are +3.97% over 3 years and +1.12% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 3.78% a year. In the 12 months to May 2026 the fund took in a net $96.6M, and assets reached $392.11M.
PCIZX 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 | PCIZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $112 | $111 |
| 5 years (Jun 2021 – May 2026) | $106 | $104 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
PCIZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.71% |
| 1 year | +5.80% |
| 3 years (annualised) | +3.97% |
| 5 years (annualised) | +1.12% |
PCIZX 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) | +0.71% |
| 2025 | +5.12% |
| 2024 | +2.03% |
| 2023 | +5.16% |
| 2022 | −7.39% |
| 2021 | +1.10% |
| 2020 | +3.63% |
| 2019 (Sep–Dec) | −0.18% |
PCIZX 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% | −2.3% | +0.9% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +0.9% | −1.1% | −0.7% | +0.4% | +0.7% | +0.2% | +1.0% | +1.5% | +1.1% | +0.4% | +0.2% |
| 2024 | −0.2% | +0.2% | 0.0% | −0.7% | −0.2% | +1.2% | +0.8% | +1.0% | +0.8% | −1.1% | +1.2% | −1.1% |
| 2023 | +1.9% | −1.5% | +1.5% | −0.2% | −0.5% | +0.8% | +0.3% | −0.6% | −1.5% | −0.6% | +4.0% | +1.7% |
| 2022 | −2.5% | −0.4% | −2.8% | −2.2% | +1.1% | −1.1% | +1.8% | −1.4% | −2.6% | −0.4% | +2.8% | +0.3% |
| 2021 | +0.7% | −1.4% | +0.6% | +0.6% | +0.2% | +0.2% | +0.7% | −0.2% | −0.8% | −0.4% | +0.6% | +0.3% |
| 2020 | +1.8% | +1.4% | −4.7% | −1.9% | +2.7% | +1.0% | +1.8% | −0.2% | 0.0% | −0.1% | +1.3% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.2% | +0.2% | +0.1% |
PCIZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.78%
- 3-year Sharpe ratio: -0.14 (vs 4.5% risk-free rate)
- Best month: +3.95% (Nov 2023)
- Worst month: −2.30% (Mar 2026)
PCIZX 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 |
PCIZX 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.