PRNMX – PGIM National Muni A Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income exempt from federal income taxes. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DNMZX	PGIM National Muni Fund - Class Z	Institutional	Open			Jan 22, 1999	$473.51M	0.360%	Low	$0	$85.64M
PRNMX	PGIM National Muni Fund- Class A	Front Load	Open			Jan 22, 1990	$505.43M	0.610%	Low	$1,000	$20.22M
PNMCX	PGIM National Muni Fund- Class C	Level Load	Open			Aug 1, 1994	$6.44M	1.530%	Above Average	$1,000	−$1.58M
PNMQX	PGIM National Muni Fund- Class R6	Retirement, Large	Open			Dec 4, 2017	$252.46M	0.290%	Low	$0	$32.41M

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