PGIM National Muni Fund - Class C (PNMCX)
| Fund Assets | 1.24B |
| Expense Ratio | 1.53% |
| Min. Investment | $1,000 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.30% |
| Dividend Growth | 10.86% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 14.13 |
| YTD Return | 1.26% |
| 1-Year Return | 4.94% |
| 5-Year Return | 0.53% |
| 52-Week Low | 13.69 |
| 52-Week High | 14.32 |
| Beta (5Y) | 0.08 |
| Holdings | 484 |
| 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 4.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.
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 |
|---|---|---|
| Jun 30, 2026 | $0.02555 | Jun 30, 2026 |
| May 29, 2026 | $0.02662 | May 29, 2026 |
| Apr 30, 2026 | $0.02616 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02677 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02535 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02568 | Jan 30, 2026 |