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PGIM Muni High Income A PRHAX

Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.32  /  +0.01 %
  • Total Assets 738.9 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.61%
  • Effective Duration 6.59 years

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:18 PM GMT+0

Morningstar’s Analysis PRHAX

Will PRHAX outperform in future?

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

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.

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Portfolio Holdings PRHAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 16.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

2.98 21.7 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 4%

2.12 15.5 Mil
municipal

VanEck High Yield Muni ETF

1.99 14.5 Mil

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.98 14.4 Mil
municipal

iShares National Muni Bond ETF

1.71 12.5 Mil

PUERTO RICO COMWLTH 0%

1.52 11.1 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.46 10.7 Mil
municipal

PUERTO RICO COMWLTH 5.75%

1.14 8.3 Mil
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

1.04 7.6 Mil
municipal

NEW YORK ST URBAN DEV CORP REV 5%

0.90 6.6 Mil
municipal