PGIM National Muni Fund - Class C (PNMCX)
| Fund Assets | 1.21B |
| Expense Ratio | 1.53% |
| Min. Investment | $1,000 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.23% |
| Dividend Growth | 12.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 14.27 |
| YTD Return | 1.39% |
| 1-Year Return | 4.88% |
| 5-Year Return | 0.23% |
| 52-Week Low | 13.21 |
| 52-Week High | 14.28 |
| Beta (5Y) | n/a |
| Holdings | 475 |
| Inception Date | Aug 1, 1994 |
About PNMCX
PGIM National Muni Fund Class C is an open-end municipal bond mutual fund designed to provide a high level of current income that is exempt from federal income taxes. It invests primarily in a diversified portfolio of U.S. municipal bonds, with a policy to keep the majority of assets in investment‑grade securities under normal conditions. The strategy emphasizes long-term municipal obligations, aiming to balance income generation with capital preservation across states and sectors such as general obligation, revenue, and essential-service issuers. Managed by PGIM, the fund typically maintains broad credit and geographic exposure to help reduce issuer-specific risk while focusing on federally tax‑exempt income distributed monthly. Class C shares include distribution and service fees characteristic of this share class structure. The fund’s role in the market is to offer tax-advantaged fixed income exposure for investors seeking municipal bond income without taking on the concentration risk of single-issuer holdings, leveraging professional credit research and active portfolio management to navigate interest rate and credit cycles in the municipal market.
Performance
PNMCX had a total return of 4.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.20%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 0.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02568 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02844 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02641 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02719 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02826 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03208 | Aug 29, 2025 |