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Prudential National Municipals Z (DNMZX) Fund Ranking and Research

Ranking, Research and Recommendation of Prudential National Municipals Z (DNMZX) Fund

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Graph of Prudential National Municipals Z Fund (DNMZX) ManagerFund Manager - Susan Courtney

Fund Manager Information

Fund Manager Tenure: 13.9 years
Fund Family: Prudential Investments
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)
Courtney joined Prudential Financial in 2005 from GE Asset Management, where for the past 10 years she was a municipal bond portfolio manager. Prior to her career at GE, she was assistant vice president of the global power group at Fitch Investors Services, Inc., and a senior analyst in the unit investment trust department of Dean Witter Reynolds.  Get more insights on Susan Courtney

 

Graph of Prudential National Municipals Z Fund (DNMZX) ProfilePrudential National Municipals Z Fund (DNMZX) Profile

Fund Profile and Description

Prudential National Municipals Z Fund seeks high level of current income exempt from federal income taxes. Prudential National Municipals Z Fund invests normally at least 80% of assets in obligations the income from which is exempt from federal income tax, that is, municipal obligations. Its portfolio consists primarily of investment grade long-term municipal bonds which are bonds rated BBB or higher and unrated debt obligations that are comparable in quality. Prudential National Municipals Z Fund may invest up to 15% of assets in below-investment grade or high-yield municipal debt obligations.

 

Prudential National Municipals Z (DNMZX) Fund Strength What we like about Prudential National Municipals Z (DNMZX) Fund

Data for Prudential National Municipals Z Fund (DNMZX) as of May 30, 2016

  • Prudential National Municipals Z Fund (DNMZX) management has been with Prudential National Municipals Z Fund for 13.9 years
  • Prudential National Municipals Z Fund (DNMZX) has good short-term performance (1-year return 5.83% vs 5.73% Muni National Long category median performance)
  • Prudential National Municipals Z Fund (DNMZX) ratio of up-years vs down years is greater than 2
  • Asset base in Prudential National Municipals Z Fund (DNMZX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Prudential National Municipals Z Fund (DNMZX) has an annual stock turnover rate of 15.00% vs Muni National Long average of 21.44%. It is good that Prudential National Municipals Z management does not trade extensively for its return.
  • Prudential National Municipals Z Fund (DNMZX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.14, lower than category average of 4.16
  • Prudential National Municipals Z Fund (DNMZX) has a lower expense ratio than its Muni National Long average: 0.59% vs 0.86%
  • Prudential National Municipals Z Fund (DNMZX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Prudential National Municipals Z Fund (DNMZX) Weakness What we are cautious about Prudential National Municipals Z (DNMZX) Fund

Data for Prudential National Municipals Z Fund (DNMZX) as of May 30, 2016

  • Prudential National Municipals Z Fund (DNMZX) has a less-than-ideal mid-term performance (3-year return 3.70% vs 3.84% Muni National Long category median performance)
  • Prudential National Municipals Z Fund (DNMZX) has a less-than-ideal Long-term performance (5-year return 5.37% vs 5.50% Muni National Long category median performance)
  • Prudential National Municipals Z Fund (DNMZX) has a Morningstar rating of 3 and below
  • Prudential National Municipals Z Fund (DNMZX) is less safe compared to its Muni National Long peers
See Prudential National Municipals Z Fund (DNMZX) performance details as of May 30, 2016

 

What do you think?

 

Compare Prudential National Municipals Z Fund (DNMZX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Prudential National Municipals Z2.905.833.705.37
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
T. Rowe Price Summit Municipal Inc (PRINX)3.126.564.576.13Compare

See top fund managers for Muni National Long Category Funds

 

Compare Prudential National Municipals Z Fund (DNMZX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of Prudential National Municipals Z Fund (DNMZX) Net Asset TrackingPrudential National Municipals Z (DNMZX) Fund Net Asset

Track net asset change of Prudential National Municipals Z fund (DNMZX)

DateNet Asset
05/2016$688.77M
03/2016$687.86M
02/2016$687.19M
More historic net asset information on Prudential National Municipals Z Fund (DNMZX)

  

Graph of Prudential National Municipals Z Fund (DNMZX) Portfolio TrackingPrudential National Municipals Z (DNMZX) Fund Portfolio Allocation

Track portfolio allocation change of Prudential National Municipals Z fund (DNMZX)

DateCashStockBondOther
04/20160%0%99.97%0.03%
03/20160.75%0%99.22%0.03%
01/20160.77%0%99.21%0.02%
Click here to see more historic asset allocation information on Prudential National Municipals Z Fund (DNMZX)

 

graph of Prudential National Municipals Z Fund (DNMZX) Top 10 Position TrackingTop 10 Holdings in Prudential National Municipals Z (DNMZX) Fund

Discover what Prudential National Municipals Z Fund (DNMZX) manager is buying

Apr 29, 2016
Denver Colo City & Cnty Arpt R Arpt S 5% [1.5%]
California St Go Bds 5% [1.19%]
Pennsylvania St Tpk Commn Tpk Rev Bds 5% [1.18%]
Anaheim Calif Pub Fing Auth 6% [1.01%]
New York N Y Go Bds 5% [0.92%]
Miami-Dade Cnty Fla Wtr & Swr Wtr 5.25% [0.9%]
District Columbia Rev Rev Bds 5.75% [0.83%]
Massachusetts St Dev Fin Agy R Re 5.375% [0.83%]
Florida St Brd Ed Lottery Rev Lottery 5% [0.83%]
Dallas Fort Worth Tex Intl Arp Joint 5% [0.82%]

Mar 30, 2016
Denver Colo City & Cnty Arpt R Arpt S 5% [1.51%]
California St Go Bds 5% [1.19%]
Pennsylvania St Tpk Commn Tpk Rev Bds 5% [1.17%]
Anaheim Calif Pub Fing Auth 6% [1.01%]
New York N Y Go Bds 5% [0.93%]
Miami-Dade Cnty Fla Wtr & Swr Wtr 5.25% [0.9%]
Florida St Brd Ed Lottery Rev Lottery 5% [0.84%]
District Columbia Rev Rev Bds 5.75% [0.84%]
Massachusetts St Dev Fin Agy R Re 5.375% [0.84%]
Orlando Fla Utils Commn Util S Rev 5.25% [0.83%]

Jan 30, 2016
Denver Colo City & Cnty Arpt R Arpt S 5% [1.54%]
California St Go Bds 5% [1.21%]
Anaheim Calif Pub Fing Auth 6% [1.03%]
New York N Y Go Bds 5% [0.95%]
Miami-Dade Cnty Fla Wtr & Swr Wtr 5.25% [0.92%]
District Columbia Rev Rev Bds 5.75% [0.86%]
Florida St Brd Ed Lottery Rev Lottery 5% [0.86%]
Massachusetts St Dev Fin Agy R Re 5.375% [0.85%]
Orlando Fla Utils Commn Util S Rev 5.25% [0.85%]
Illinois Fin Auth 6.25% [0.84%]
Click here for Stock Holding Change Map in Prudential National Municipals Z Fund (DNMZX)

  

Latest News on Prudential National Municipals Z (DNMZX) Fund

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Prudential National Municipals Z Fund (DNMZX) Related ResourcesSee more information on Prudential National Municipals Z (DNMZX) Fund

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