PGIM Municipal Income Opportunities ETF
$50.03+0.13 (+0.26%)
- 0.25%
- $64M
- +1.5%
- 4.21%
- 8.69K sh
- low $47.76high $52.12
The ETF.net PMIO Grade
B
Score 64 out of 100
- 23 of 63
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 17 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 40 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 1 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 45 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D35 out of 100Rank 54 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 51 of 63
Our read on PMIO
In short
BA muni fund with a roving mandate: PGIM's bond desk picks the bonds instead of copying an index, using the Bloomberg 1-15 Year Municipal Index as a yardstick rather than a leash, and pays income monthly.
Stated mandate
The Fund seeks total return from current income and capital appreciation.
Why people hold it
Worth knowing
PMIO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
PMIO$10,149
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PMIO |
|---|---|
| Year to date | +1.0% |
| 1 month | +3.2% |
| 3 months | +0.4% |
| 1 year | +1.5% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PMIO |
|---|---|---|
| 2026 YTD | +1.0% | |
| 2025 | +5.3% | |
| 2024 | +3.0% |
PMIO in the news
PMIO Dividends
- 4.21%
- $2.10
- $0.15 per share
- Monthly
PMIO Risk
- 4.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PMIO Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$4,521
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PMIO 0.25%
$5,159
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | PMIO | VTEB | Overpaying |
|---|---|---|---|
| 10 | $455 | $55 | $400 |
| 20 | $1,769 | $216 | $1,553 |
| 30 | $5,159 | $638 | $4,521 |
Other funds in Other Municipal Bond
- BFMBFirst Trust Managed Municipal ETFExpense ratio 0.39%1 year return 0.0%
- BPWZInvesco California AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −1.2%
- BMMINNYLI MacKay Muni Insured ETFExpense ratio 0.30%1 year return +0.2%
- BGCALGoldman Sachs Dynamic California Municipal Income ETFExpense ratio 0.30%1 year return +1.2%
- BMINOPIMCO Municipal Income Opportunities Active Exchange-Traded FundExpense ratio 0.39%1 year return +0.2%
