PMIOPGIM Municipal Income Opportunities ETF

Get income2y track recordRanked #979 of 1,622 in this goal

Seeks total return through tax-exempt income and capital appreciation.

By PGIM · Launched 2024

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$48M

#3,598 of 5,562 · mid-size

Dividend YieldGoal

4.30%

Track Record

2 years

#3,626 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,684+6.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 34.9% of fund✓ well diversified

(PIPA070) PGIM Core Government Money Market Fund

6.6%

PUBLIC FIN AUTH WI REVENUE

3.4%

KENTUCKY ST PUBLIC ENERGY AUTH

3.3%

BLACK BELT ENERGY GAS DIST AL

3.2%

UTAH CNTY UT HOSP REVENUE

3.1%

iShares National Muni Bond ETF

3.1%

PUBLIC FIN AUTH WI REVENUE

3.1%

ILLINOIS ST TOLL HIGHWAY AUTH

3.1%

OKLAHOMA ST TURNPIKE AUTH

3.0%

PUBLIC FIN AUTH WI SPL REVENUE

3.0%

Asset allocation

Bonds

99.4%

Cash

0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.2%Low

Year-on-year price swings

Max drawdown

-3.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

10.3 years

Credit ratings

AAA

5.8%

35.0%

20.5%

BBB

13.8%

4.0%

Other

20.9%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks total return through tax-exempt income and capital appreciation.
Strategy: Invests primarily in municipal obligations exempt from federal taxes, focusing on investment grade debt. Maintains a portfolio duration of 2-8 years, using economic analysis and research for security selection.
Inception date: June 14, 2024
Fund family: PGIM