Morningstar

PGIM Muni High Income Fund-Class A PRHAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $8.91  /  +0.45 %
  • Fund Size $975.4M
  • Adjusted Expense Ratio 0.810%
  • Net Expense Ratio 0.810%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 4.12%
  • Average Effective Duration 7.64 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PRHAX

Will PRHAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Not afraid to search outside the box.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

PGIM Muni High Income’s tactical and opportunistic approach to bond structure is additive to this bottom-up-focused approach. The strategy earns a Process upgrade to Above Average from Average.

by Max Curtin
Rated on Published on

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Portfolio Holdings PRHAX

More PRHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

3.30 34M
Cash and Equivalents

PUERTO RICO COMWLTH 0.0001%

2.30 23M
municipal

VanEck High Yield Muni ETF

2.04 21M
—

iShares National Muni Bond ETF

1.85 19M
—

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.81 18M
municipal

PUERTO RICO COMWLTH 0.0001%

1.08 11M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.00 10M
municipal

PROSPER TEX INDPT SCH DIST 5.25%

0.89 9M
municipal

PUERTO RICO COMWLTH 5.75%

0.84 9M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.74 8M
municipal

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