PGIM Municipal Income Opportunities ETF

Frequently Asked Questions About PMIO

What does PMIO invest in?

The Fund seeks total return through a combination of current income and capital appreciation.

What is the expense ratio of PMIO?

PGIM Municipal Income Opportunities ETF (PMIO) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is PMIO's dividend yield?

PMIO's trailing-twelve-month yield is 4.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PMIO?

Effective duration measures PMIO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PMIO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PMIO?

PMIO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PMIO?

Yield to maturity (YTM) is the total return you'd earn from PMIO if every bond in the portfolio is held to maturity at the current price. PMIO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.