PGIM National Muni Fund (PRNMX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRNMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRNMX
PRNMX charges 0.61% annually. There are 239 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | PRNMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | PRNMX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | PRNMX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | PRNMX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | PRNMX vs FSMUX |
Best Risk-Adjusted Alternatives to PRNMX
PRNMX has a PortfoliosLab risk / return rank of 58. There are 246 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | PRNMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | PRNMX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | PRNMX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | PRNMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | PRNMX vs TFCYX |
Top Performing PRNMX Alternatives (YTD)
PRNMX is at 0.19% YTD. There are 300 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | PRNMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | PRNMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | PRNMX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | PRNMX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | PRNMX vs AFB |
Lowest Volatility Alternatives to PRNMX
PRNMX has 2.10% 1-year volatility. There are 98 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | PRNMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | PRNMX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | PRNMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | PRNMX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | PRNMX vs USMTX |
Lowest Drawdown Alternatives to PRNMX
PRNMX has a 1-year max drawdown of -2.66%. There are 188 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | PRNMX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PRNMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PRNMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PRNMX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | PRNMX vs DFSMX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 17 | 5.98% | — | Nov 1995 | PRNMX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 46 | 1.37% | — | Oct 2011 | PRNMX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 13 | -0.53% | — | Dec 2010 | PRNMX vs PTRQX | |
| PGIM Floating Rate Income Fund | Bank Loan | 96 | 2.82% | — | Mar 2011 | PRNMX vs FRFZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 12 | -0.59% | — | Jan 1997 | PRNMX vs PDBZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 80 | 7.82% | — | Sep 2017 | PRNMX vs PALDX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 42 | 0.95% | — | Dec 2013 | PRNMX vs SDMZX | |
| PGIM High Yield Fund | High Yield Bonds | 42 | 1.19% | — | Jan 1990 | PRNMX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 46 | 1.17% | — | Oct 2012 | PRNMX vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 8 | 4.56% | — | Jun 2012 | PRNMX vs PWJZX |
Often Compared With PRNMX
Investors most often compare PRNMX with BBMUX, VTEB, SPY. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare PRNMX with Any Fund or Stock
Compare PRNMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRNMX with funds that move differently
PGIM National Muni Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRNMX.
Explore PRNMX Diversifiers