PMIOvsTAXFETF Comparison
VS
PGIM Municipal Income Opportunities ETF (PMIO) and American Century Diversified Municipal Bond ETF (TAXF) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TAXF's top sector exposures are Municipal. Both PMIO and TAXF have the same Total Expense Ratio (TER) of 0.25%. PMIO is down -0.07% year-to-date (YTD) with +$17M in YTD flows. TAXF performs worse with -1.03% YTD performance, and +$143M in YTD flows. Run a side-by-side ETF comparison of PMIO and TAXF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PMIO vs TAXF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO TAXF | -1.54%-2.52% | -1.93%-2.80% | -0.07%-1.03% | +1.74%+0.82% | n/a+10.31% | n/a+2.02% |
| Flows | PMIO TAXF | +$1M+$5M | +$4M+$38M | +$17M+$143M | +$25M+$179M | -+$348M | -+$551M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO TAXF | +2.50%+3.30% | +2.07%+2.60% | n/a+3.81% | n/a+3.75% |
| Max drawdown | PMIO TAXF | -2.43%-3.81% | -2.43%-3.81% | n/a-5.30% | n/a-13.26% |
| Max drawdown duration | PMIO TAXF | 66d68d | 66d68d | n/a275d | n/a1001d |
Trading data
PMIO | TAXF | |
Last sale 9/11/2026 at 1:30 PM | $49.62 | $48.63 |
| Previous close 09/10/2026 | $49.46 | $48.44 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PMIO | TAXF | |
|---|---|---|
| Last price | $49.62 | $48.63 |
| 1D performance | +0.32% | +0.39% |
| AuM | $50.76 M | $670.44 M |
| E/R | 0.25% | 0.25% |
Characteristics
PMIO | TAXF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 3899 | 253 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | September 10, 2018 |
| ESG | No | No |
Advertisement
Exposure
Countries
PMIO
USA
37.59%
Other
62.41%
TAXF
USA
37.04%
Other
62.96%
Sectors
PMIO
Municipal
35.68%
Other
64.32%
TAXF
Municipal
37.04%
Other
62.96%
Advertisement
Diversification
PMIO
Total weight of top 15 holdings out of 15
29.74%
TAXF
Total weight of top 15 holdings out of 15
8.47%
Top 15 holdings
Data as of July 31, 2026
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.50%
US34074HJC79
2.30%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.29%
US74442PB613
2.21%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.11%
County of Utah, 5% 15may2043, USD (2020A)
2.07%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
2.03%
US63607WBD56
1.91%
PGIM Core Government Money Market Fund
1.90%
US63607WBN39
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US63607DAB29
1.76%
US64985STJ23
1.68%
US924190WL18
1.68%
US92708HAQ74
1.66%
TAXF
US74442PN840
0.89%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.87%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.57%
US646080ZU81
0.57%
US452252RA98
0.55%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
US681725PH47
0.47%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.46%
US74439YBD22
0.44%
US292723AY90
0.42%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
New York Transitional Finance Authority, 5.5% 1nov2054, USD (2026)
0.39%
Frequently asked questions about PMIO and TAXF
How have the PMIO and TAXF ETFs performed in 2026?
As of September 10, 2026, PMIO is down -0.07% year-to-date (YTD), while TAXF has lost -1.03%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or TAXF?
Year-to-date, the PMIO ETF saw +$17M in flows, compared to +$143M for TAXF.
Which ETF is more volatile: PMIO or TAXF?
Over the past year, PMIO had a volatility of 2.07%, while TAXF experienced 2.6%.
Which ETF is bigger: PMIO or TAXF?
As of September 10, 2026, PMIO holds $50.76 M in assets under management (AUM), while TAXF manages $670.44 M.
What sectors do the PMIO and TAXF ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, TAXF focuses on Municipal.
What are the top holdings of the PMIO ETF and TAXF ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. TAXF holds in its top three: US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A).
Which ETF is more diversified: PMIO or TAXF?
PMIO holds 6869 securities with 29.74% of its assets in the top 15. TAXF has 785 securities and a top 15 weight of 8.47%.
Advertisement
Advertisement
