DNMZX

About DNMZX

PGIM National Muni Fund - Class Z is an open‑end mutual fund focused on U.S. municipal securities. Its primary objective is to deliver a high level of current income that is exempt from federal income taxes by investing predominantly in investment‑grade municipal bonds issued by state and local governments and related agencies. Under normal conditions, the portfolio maintains substantial exposure to higher‑quality credits and typically allocates at least the vast majority of assets to bonds whose interest is federally tax‑exempt, emphasizing long‑term structures within the national muni market. The fund serves as a core tax‑efficient fixed income holding for investors seeking federally tax‑exempt income and broad diversification across municipalities, sectors, and revenue sources. It employs professional credit research and risk management to navigate interest‑rate and credit cycles within the muni landscape, aligning performance characteristics with the Muni National Intermediate category. With a long operating history dating to 1999 and a diversified portfolio holding hundreds of issues, PGIM National Muni Fund - Class Z plays a role in financing public infrastructure and essential services while offering consistent, tax‑advantaged income.