PGIM National Muni Fund (PRNMX)
The fund invests normally at least 80% of the fund's investable assets in obligations the income from which is exempt from federal income tax, that is, municipal obligations. It, under normal conditions, invests at least 70% of its investable assets in "investment grade" municipal debt obligations. The fund, under normal conditions, may also invest up to 30% of its investable assets in high yield municipal debt obligations or junk bonds.
Fund Info
US74441U1051
74441U105
Jan 21, 1990
$1,000
Expense Ratio
PRNMX features an expense ratio of 0.61%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM National Muni Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM National Muni Fund had a return of 0.69% year-to-date (YTD) and 2.85% in the last 12 months. Over the past 10 years, PGIM National Muni Fund had an annualized return of 1.97%, while the S&P 500 had an annualized return of 11.31%, indicating that PGIM National Muni Fund did not perform as well as the benchmark.
PRNMX
0.69%
0.91%
0.81%
2.85%
0.37%
1.97%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRNMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.55% | 0.69% | |||||||||||
| 2024 | -0.19% | 0.22% | 0.10% | -0.70% | -0.19% | 1.12% | 0.83% | 0.68% | 0.81% | -1.17% | 1.19% | -0.95% | 1.73% |
| 2023 | 2.16% | -1.70% | 1.59% | -0.17% | -0.59% | 0.86% | 0.49% | -0.80% | -1.77% | -0.44% | 4.21% | 1.76% | 5.57% |
| 2022 | -2.75% | -0.47% | -3.12% | -2.38% | 0.97% | -1.06% | 1.99% | -1.61% | -2.81% | -0.72% | 3.14% | 0.48% | -8.25% |
| 2021 | 0.77% | -1.53% | 0.57% | 0.69% | 0.29% | 0.22% | 0.80% | -0.31% | -0.78% | -0.38% | 0.61% | 0.21% | 1.16% |
| 2020 | 2.04% | 1.64% | -5.89% | -1.75% | 2.82% | 1.71% | 1.96% | -0.26% | -0.13% | -0.27% | 1.46% | 0.97% | 4.08% |
| 2019 | 0.56% | 0.53% | 1.79% | 0.47% | 1.41% | 0.35% | 0.59% | 1.80% | -0.76% | 0.06% | 0.19% | 0.22% | 7.43% |
| 2018 | -0.99% | -0.49% | 0.43% | -0.35% | 1.12% | 0.14% | 0.27% | 0.17% | -0.64% | -0.82% | 0.85% | 0.96% | 0.63% |
| 2017 | 0.44% | 0.61% | 0.12% | 0.67% | 1.31% | -0.23% | 0.61% | 0.75% | -0.38% | -0.06% | -0.25% | 1.03% | 4.70% |
| 2016 | 0.89% | 0.08% | 0.50% | 0.69% | 0.55% | 1.78% | -0.17% | 0.22% | -0.48% | -1.10% | -3.58% | 1.06% | 0.32% |
| 2015 | 1.82% | -0.89% | 0.16% | -0.56% | -0.29% | -0.36% | 0.66% | 0.03% | 0.69% | 0.51% | 0.52% | 0.70% | 3.01% |
| 2014 | 2.35% | 1.32% | 0.40% | 1.33% | 1.46% | -0.30% | 0.11% | 1.43% | 0.22% | 0.58% | 0.01% | 0.57% | 9.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRNMX is 56, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM National Muni Fund (PRNMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM National Muni Fund provided a 2.95% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.34 | $0.28 | $0.29 | $0.38 | $0.46 | $0.50 | $0.51 | $0.53 | $0.55 | $0.56 |
Dividend yield | 2.95% | 2.94% | 2.40% | 2.04% | 1.88% | 2.50% | 3.07% | 3.43% | 3.43% | 3.59% | 3.61% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM National Muni Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.05 | $0.03 | $0.46 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.50 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2016 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.53 |
| 2015 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM National Muni Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM National Muni Fund was 12.72%, occurring on Mar 23, 2020. Recovery took 189 trading sessions.
The current PGIM National Muni Fund drawdown is 1.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.72% | Mar 10, 2020 | 10 | Mar 23, 2020 | 189 | Dec 18, 2020 | 199 |
| -12.33% | Aug 5, 2021 | 310 | Oct 26, 2022 | — | — | — |
| -12.19% | Jan 24, 2008 | 185 | Oct 16, 2008 | 143 | May 13, 2009 | 328 |
| -9.17% | Dec 10, 2012 | 186 | Sep 5, 2013 | 174 | May 15, 2014 | 360 |
| -6.98% | Oct 26, 2010 | 58 | Jan 18, 2011 | 83 | May 17, 2011 | 141 |
Volatility
Volatility Chart
The current PGIM National Muni Fund volatility is 0.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.