PGIM Muni High Income leans heavier on investment-grade bonds than its average peer, but its value-conscious approach has paid off for investors over the long haul. A solid team and thoughtful risk-taking merit a Morningstar Analyst Rating of Silver for the strategy’s cheapest share classes, while its most expensive shares are rated Neutral.
PGIM Muni High Income C PHICX
NAV / 1-Day Return
10.48
/
0.01
%
Total Assets
906.9 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.560%
Expense Ratio
1.560%
Fee Level
Average
Longest Manager Tenure
16.00
years
Category
US Fund High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
1,000
Status
Open
TTM Yield
2.51%
Effective Duration
7.64
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PHICX outperform in 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.
Its penchant for quality pays off.
