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PGIM Muni High Income A PRHAX

Analyst rating as of
NAV / 1-Day Return
8.78  /  0.01 %
Total Assets
730.3 Mil
Adj. Expense Ratio
0.820%
Expense Ratio
0.820%
Fee Level
Below Average
Longest Manager Tenure
17.83 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000
Status
Open
TTM Yield
3.33%
Effective Duration
8.23 years

Morningstar’s Fund Analysis PRHAX

Will PRHAX 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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