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About PGIM Municipal Income Opportunities ETF
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Inception date
Jun 14, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A7761
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%
Municipal92.24%
Cash3.89%
ETF3.87%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PMIO last dividends amounted to 0.18 USD. The month before, the issuer paid 0.18 USD in dividends, which shows a 0.11% decrease.
PMIO assets under management is 26.19 M USD. It's risen 0.04% over the last month.
PMIO fund flows account for 1.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PMIO pays dividends to its holders with the dividend yield of 4.19%. The last dividend (Sep 4, 2025) amounted to 0.18 USD. The dividends are paid monthly.
PMIO shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Jun 14, 2024, and its management style is Active.
PMIO expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
PMIO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PMIO invests in bonds.
PMIO price has risen by 0.27% over the last month, and its yearly performance shows a −1.76% decrease. See more dynamics on PMIO price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.70% increase in three-month performance and has increased by 2.08% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.70% increase in three-month performance and has increased by 2.08% in a year.
PMIO trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.