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About PGIM ETF Trust PGIM Municipal Income Opportunities ETF
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Inception date
Jun 14, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
PMIO is an actively managed fund that combines a top-down analysis and bottom-up research to create a portfolio of tax-exempt, municipal bonds. This portfolio aims to maintain a weighted average portfolio duration of two years or less. PMIO will primarily invest at least 70% of its assets in investment grade municipal bonds but may allot 30% of the funds assets to high yield debt or junk bonds. In selecting components for the fund, the adviser combines a top-down analysis, which looks at economic, policy, and market trends to evaluate movement of markets and securities prices, with bottom-up research, where each issuer is evaluated based on their composition of revenue, profitability, cash flow margin, and leverage. The fund also utilizes quantitative models and risk management systems. Derivatives may be used to enhance yield or manage risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal91.55%
ETF6.76%
Cash1.69%
Top 10 holdings
Dividends
Dividend payout history