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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$841 M

-

1.24%

Vitals

YTD Return

-3.1%

1 yr return

-2.4%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.2%

Net Assets

$841 M

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load 5.00%

TRADING FEES

Turnover 53.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$841 M

-

1.24%

PMHYX - Profile

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Muni High Income Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Sep 17, 1987
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Tipp

Fund Description


PMHYX - Performance

Return Ranking - Trailing

Period PMHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -11.6% 1.7% 35.03%
1 Yr -2.4% -11.5% 5.3% 39.69%
3 Yr -0.1%* -1.6% 2.8% 56.65%
5 Yr 0.2%* -2.2% 2.6% 57.53%
10 Yr 0.6%* -1.4% 2.1% 57.43%

* Annualized

Return Ranking - Calendar

Period PMHYX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -0.7% 9.1% 61.26%
2022 -2.7% -4.8% 9.2% 61.02%
2021 3.6% -9.7% 8.6% 58.23%
2020 -3.4% -6.1% -0.8% 64.24%
2019 0.3% -5.6% 2.9% 44.03%

Total Return Ranking - Trailing

Period PMHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -11.6% 1.7% 35.03%
1 Yr -2.4% -11.5% 5.3% 39.69%
3 Yr -0.1%* -1.6% 2.8% 59.54%
5 Yr 0.2%* -2.2% 3.0% 61.64%
10 Yr 0.6%* -1.4% 4.5% 65.35%

* Annualized

Total Return Ranking - Calendar

Period PMHYX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -0.7% 9.1% 61.26%
2022 -2.7% -4.8% 9.2% 63.84%
2021 3.6% -9.7% 8.8% 63.29%
2020 -3.4% -6.1% 1.1% 66.23%
2019 0.3% -5.6% 5.3% 50.00%

PMHYX - Holdings

Concentration Analysis

PMHYX Category Low Category High PMHYX % Rank
Net Assets 841 M 573 K 19.1 B 55.00%
Number of Holdings 409 5 3533 54.50%
Net Assets in Top 10 83.1 M -38.7 M 2.67 B 60.50%
Weighting of Top 10 10.59% 4.2% 96.4% 78.28%

Top 10 Holdings

  1. SALT VERDE FINL CORP SR GAS REV ARIZ 5% 1.66%
  2. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 1.27%
  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.09%
  4. OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5.5% 1.05%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.00%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 0.98%
  7. TOBACCO SETTLEMENT FING CORP N J 5% 0.93%
  8. PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH HOSP REV 5.62% 0.89%
  9. CUYAHOGA CNTY OHIO HOSP REV 5.5% 0.88%
  10. CHICAGO ILL 5.5% 0.84%

Asset Allocation

Weighting Return Low Return High PMHYX % Rank
Bonds
99.58% 0.00% 148.07% 23.88%
Cash
0.42% -1.98% 100.00% 75.00%
Stocks
0.00% 0.00% 4.54% 30.85%
Preferred Stocks
0.00% -48.07% 0.00% 21.00%
Other
0.00% -0.04% 1.57% 37.00%
Convertible Bonds
0.00% 0.00% 0.00% 21.00%

Bond Sector Breakdown

Weighting Return Low Return High PMHYX % Rank
Municipal
99.58% 0.00% 100.00% 22.50%
Cash & Equivalents
0.42% 0.00% 100.00% 77.00%
Derivative
0.00% 0.00% 0.26% 24.00%
Securitized
0.00% 0.00% 0.00% 21.00%
Corporate
0.00% 0.00% 5.11% 47.00%
Government
0.00% -2.36% 0.96% 30.50%

Bond Geographic Breakdown

Weighting Return Low Return High PMHYX % Rank
US
94.69% 0.00% 141.91% 37.00%
Non US
4.89% 0.00% 16.32% 48.00%

PMHYX - Expenses

Operational Fees

PMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.18% 7.04% 30.15%
Management Fee 0.49% 0.00% 1.25% 37.81%
12b-1 Fee 0.50% 0.00% 1.00% 60.34%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

PMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 5.00% 1.00% 5.50% 4.55%

Trading Fees

PMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 5.10% 314.00% 85.00%

PMHYX - Distributions

Dividend Yield Analysis

PMHYX Category Low Category High PMHYX % Rank
Dividend Yield 0.00% 0.00% 0.62% 32.84%

Dividend Distribution Analysis

PMHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PMHYX Category Low Category High PMHYX % Rank
Net Income Ratio 3.23% -0.98% 5.67% 72.86%

Capital Gain Distribution Analysis

PMHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

PMHYX - Fund Manager Analysis

Managers

Robert Tipp


Start Date

Tenure

Tenure Rank

Nov 30, 2004

15.59

15.6%

Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds for PGIM Fixed Income. In addition to comanaging the Global Aggregate Plus strategy, Mr. Tipp is responsible for global rates positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at the Firm since 1991, where he has held a variety of senior investment manager and strategist roles. Prior to joining the Firm, he was a Director in the Portfolio Strategies Group at the First Boston Corporation, where he developed, marketed, and implemented strategic portfolio products for money managers. Before that, Mr. Tipp was a Senior Staff Analyst at the Allstate Research & Planning Center, and managed fixed income and equity derivative strategies at Wells Fargo Investment Advisors. He received a BS in Business Administration and an MBA from the University of California, Berkeley. Mr. Tipp holds the Chartered Financial Analyst (CFA) designation. Named Morningstar’s 2017 Fixed Income Manager of The Year for PGIM Total Return Bond Fund.

Susan Courtney


Start Date

Tenure

Tenure Rank

Apr 30, 2005

15.18

15.2%

Susan M. Courtney is Managing Director and Head of PGIM Fixed Income's Municipal Bond Team. She is responsible for developing, directing, and executing investment strategy for all municipal bond assets, including the Prudential municipal bond mutual funds. Ms. Courtney joined Prudential Financial in 2005 from GE Asset Management (GE), where she spent ten years as a municipal bond portfolio manager. Prior to her career at GE, Ms. Courtney was Assistant Vice President of the Global Power Group at Fitch Investors Services, Inc., and a Senior Analyst in the Unit Investment Trust Department of Dean Witter Reynolds. Ms. Courtney earned a BA in Economics from Hartwick College and an MBA in Finance from Fordham University.

Lee Friedman


Start Date

Tenure

Tenure Rank

Mar 05, 2014

6.33

6.3%

Lee Friedman, CFA, is a Principal and a Portfolio Manager for PGIM Fixed Income’s Municipal Bond Team. Mr. Friedman assists in managing tax-exempt and taxable municipal assets for retail funds, institutional clients, and affiliated accounts. Previously, he was an Associate for PGIM Fixed Income’s Credit Research Group where he covered higher education, not-for-profits (501c3), state and local government obligations, and transportation bonds, and also supported the senior municipal credit analysts. Previously, Mr. Friedman held positions in both Prudential’s Asset Liability and Risk Management Group and PGIM Fixed Income, where he supported the attribution and forecasting processes. Prior to joining the Firm in 2003, Mr. Friedman was an auditor at The Vanguard Group. He received a BS in Finance with High Distinction from Pennsylvania State University. Mr. Friedman holds the Chartered Financial Analyst (CFA) designation.

John Dittemer


Start Date

Tenure

Tenure Rank

Mar 05, 2014

6.33

6.3%

John Dittemer is Vice President and Portfolio Manager for PGIM Fixed Income’s Municipal Bond Team. Mr. Dittemer assists in managing tax-exempt and taxable municipal assets for retail funds, institutional clients, and affiliated accounts. Previously, as a member of the Portfolio Analysis Group, Mr. Dittemer provided analytical support to Prudential Fixed Income's municipal bond, money market, and affiliated account teams. Earlier, he was a team supervisor in money market operations, and a performance reporting specialist for the affiliated accounts team. Mr. Dittemer received a BS in Management with a concentration in Finance from Kean University, and an MS in Management with concentration in Finance from the New Jersey Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 28.52 7.07 0.61