Morningstar

PGIM Muni High Income Fund-Class C PHICX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.41  /  −0.21 %
  • Total Assets 1.0B
  • Adj. Expense Ratio
    1.640%
  • Expense Ratio 1.640%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.03%
  • Effective Duration 7.31 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PHICX

Will PHICX 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 PHICX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHICX 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 PHICX’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 PHICX

More PHICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

2.72 28M
Cash and Equivalents

PUERTO RICO COMWLTH 0.0001%

2.33 24M
municipal

VanEck High Yield Muni ETF

2.11 21M
—

iShares National Muni Bond ETF

1.89 19M
—

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.87 19M
municipal

PUERTO RICO COMWLTH 0.0001%

1.09 11M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.03 10M
municipal

PROSPER TEX INDPT SCH DIST 5.25%

0.92 9M
municipal

PUERTO RICO COMWLTH 5.75%

0.86 9M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.76 8M
municipal

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