PGIM Muni High Income leans heavier on investment-grade bonds than its average peer, but its cautious, value-conscious approach has paid off for investors over the long haul. A solid team and thoughtful risk-taking warrant a Morningstar Rating of Bronze for the fund’s cheapest share classes, while its more expensive share classes earn a Neutral rating.
Will PHIQX 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 PHIQX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PHIQX 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 PHIQX’s parent organization’s priorities and whether they’re in line with investors’ interests.