PGIM National Muni Fund Class A is an open‑end municipal bond mutual fund designed to provide a high level of current income that is exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment‑grade, long‑term municipal securities, typically committing at least 80% of assets to obligations whose interest is federally tax‑exempt. Managed by PGIM Fixed Income, it emphasizes credit quality and broad issuer diversification across states and sectors such as general obligation, essential services, transportation, and healthcare revenue bonds. The strategy targets tax‑efficient income while maintaining a focus on intermediate to long maturities and investment‑grade credit tiers to balance yield and credit risk. The fund distributes income monthly and maintains a competitive expense profile for its share class, with readily available third‑party data on assets under management, fees, and performance supporting its role as a core tax‑exempt fixed income holding for taxable investors seeking federally tax‑advantaged cash flows. Its long track record and sizable asset base underscore its relevance within the national municipal bond market universe.
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