PGIM Muni High Income lost its lead manager and head of municipal bonds, Susan Courtney, at the end of 2021. That was a material loss for the strategy, and it will take time to assess Courtney’s less-experienced replacement, Jason Appleson. The strategy continues to sport Morningstar Analyst Ratings of Neutral on its cheaper share classes, while its most expensive share class is rated Negative.
- NAV / 1-Day Return 9.29 / 0.20 %
- Total Assets 723.1 Mil
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Adj. Expense Ratio
- Expense Ratio 0.580%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 3.65%
- Effective Duration 8.35 years
Morningstar’s Analysis PHIZX
Will PHIZX outperform in future?
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