PMIO

PGIM Municipal Income Opportunities ETF

$51.09

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The PGIM Municipal Income Opportunities ETF (PMIO) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in a diversified portfolio of municipal bonds.

Overview

ETF tracking PGIM Municipal Income Opportunities ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-06-28

Market Cap $28.1M

Average Volume N/A

Dividend Yield 3.41%

52-Week Range $49.11 - $51.40

VWAP $51.15

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a broad range of municipal bonds, including general obligation bonds, revenue bonds, and pre-refunded bonds. The portfolio is actively managed, with the goal of generating attractive tax-exempt income while managing risk through diversification and credit analysis.

✨ Key Features

Broad exposure to the municipal bond market, including a range of credit qualities and maturities
Active management approach to identify attractive opportunities and manage risk
Potential for tax-exempt income that can be beneficial for investors in higher tax brackets
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the underlying municipal bonds
Liquidity risk: Municipal bonds may have lower liquidity compared to other fixed-income securities
Tax risk: Changes in tax laws or regulations could affect the tax-exempt status of the fund's income

👤 Best For

The PGIM Municipal Income Opportunities ETF may be suitable for investors seeking tax-exempt income and exposure to the municipal bond market, particularly those in higher tax brackets. Investors should have a medium-term investment horizon and be willing to accept the risks associated with municipal bond investments.