Skip to Content
Morningstar

PGIM Muni High Income Z PHIZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.29  /  +0.01 %
  • Total Assets 764.4 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.84%
  • Effective Duration 6.66 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PHIZX

More PHIZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

2.94 22.6 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 4%

2.02 15.5 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.89 14.5 Mil
municipal

VanEck High Yield Muni ETF

1.70 13.0 Mil
—

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 3.95%

1.50 11.5 Mil
municipal

iShares National Muni Bond ETF

1.42 10.9 Mil
—

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.38 10.6 Mil
municipal

PUERTO RICO COMWLTH 0.01%

1.16 8.9 Mil
municipal

PUERTO RICO COMWLTH 5.75%

1.10 8.5 Mil
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

0.98 7.5 Mil
municipal