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PGIM Muni High Income Z PHIZX

Analyst rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.29  /  0.20 %
  • Total Assets 723.1 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 0
  • Status Open
  • TTM Yield 3.65%
  • Effective Duration 8.35 years

Morningstar’s Analysis PHIZX

Will PHIZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

This fund's new manager will take time to assess.

Senior Analyst

Summary

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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.

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