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.
Will PHICX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of PHICX’s parent organization’s priorities and whether they’re in line with investors’ interests.