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PGIM Muni High Income A PRHAX

Analyst rating as of
NAV / 1-Day Return
10.68  /  0.00
Total Assets
1.0 Bil
Adj. Expense Ratio
0.800%
Expense Ratio
0.800%
Fee Level
Below Average
Longest Manager Tenure
16.87 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / Extensive
Min. Initial Investment
1,000
Status
Open
TTM Yield
3.08%
Effective Duration
7.63 years
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Morningstar’s Analysis

Will PRHAX outperform in future?

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

Pending lead manager departure requires a wait-and-see approach.

Summary

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Head of municipals and lead manager Susan Courtney plans to retire at the end of 2021. This is a material loss for the strategy, supporting a downgrade of PGIM Muni High Income’s People and Process Pillars to Average from Above Average. This results in a Morningstar Analyst Rating downgrade to Neutral and Negative from Silver and Bronze across share classes.

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