See what your fund actually adds
PGIM California Muni Income Fund-Class A PBCAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PBCAX | Replication |
|---|---|---|
| Annualized growth | 0.2% | 0.6% |
| Annualized volatility | 3.6% | 3.7% |
| Sharpe ratio | 0.07 | 0.19 |
| Maximum drawdown | 10.4% | 9.3% |
| Replication fit (R²) | 0.92 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model PBCAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 70.5% |
| VGSH | FI · Short Gov | 24.6% |
| STIP | FI · Short TIPS | 5.0% |