Morningstar

PGIM Muni High Income Fund-Class Z PHIZX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.04  /  +0.67 %
  • Fund Size $1.0B
  • Adjusted Expense Ratio 0.580%
  • Net Expense Ratio 0.580%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 4.37%
  • Average Effective Duration 7.64 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PHIZX

Will PHIZX 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 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.

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 PHIZX

More PHIZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VanEck High Yield Muni ETF

2.52 24M
—

PUERTO RICO COMWLTH 0.0001%

2.44 23M
municipal

iShares National Muni Bond ETF

2.24 21M
—

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.80 17M
municipal

Prudential Govt Money Mkt Fd

1.29 12M
Cash and Equivalents

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.18 11M
municipal

PUERTO RICO COMWLTH 0.0001%

1.12 11M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.00 10M
municipal

PROSPER TEX INDPT SCH DIST 5.25%

0.90 9M
municipal

PUERTO RICO COMWLTH 5.75%

0.87 8M
municipal

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