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Morningstar

PGIM Muni High Income Z PHIZX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See PGIM Investment Hub

Morningstar’s Analysis PHIZX

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

  • People Pillar

    The People Pillar is our evaluation of the PHIZX 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 PHIZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A continued cautious approach to high-yield munis under new leadership.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

PGIM Muni High Income’s year-end 2021 leadership change warrants pause before gauging how well the new lead manager and head of municipal bonds can blend his style with this established approach; the strategy earns a Morningstar Medalist Rating of Neutral.

by Max Curtin
Rated on Published on

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