PGIM Muni High Income Fund-Class C (PHICX)
| Fund Assets | 917.25M |
| Expense Ratio | 1.62% |
| Min. Investment | $1,000 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.13% |
| Dividend Growth | 2.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.38 |
| YTD Return | 1.95% |
| 1-Year Return | 0.31% |
| 5-Year Return | 1.74% |
| 52-Week Low | 8.75 |
| 52-Week High | 9.41 |
| Beta (5Y) | n/a |
| Holdings | 420 |
| Inception Date | Aug 1, 1994 |
About PHICX
PGIM Muni High Income Fund Class C is an open-end municipal bond fund focused on generating income that is generally exempt from U.S. federal income taxes. The fund invests primarily in a diversified portfolio of municipal securities, typically allocating at least 80% of assets to tax-exempt bonds to pursue higher income within the muni market. Managed by PGIM Fixed Income, it targets a blend of credits and sectors across state and local issuers, including revenue and general obligation bonds, to balance income potential with broad municipal exposure. The fund distributes dividends monthly and accrues income daily, reflecting its income-oriented profile. Class C shares feature a higher ongoing expense structure relative to other share classes, paired with no front-end sales charge, aligning with investors who prioritize level ongoing fees. Within the municipal bond landscape, the strategy serves as a vehicle for accessing high-income opportunities from tax-exempt issuers while maintaining professional credit research and active duration management to navigate interest rate and credit cycles.
Performance
PHICX had a total return of 0.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.52%.
Top 10 Holdings
18.64% of assets| Name | Symbol | Weight |
|---|---|---|
| VanEck High Yield Muni ETF | HYD | 4.01% |
| iShares National Muni Bond ETF | MUB | 3.89% |
| PUERTO RICO COMWLTH 0.0001% | PR.PRC 11.01.2051 | 2.58% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.95% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.29% |
| PUERTO RICO COMWLTH 0.0001% | PR.PRC 11.01.2051 | 1.26% |
| VALDEZ ALASKA MARINE TERM REV 3.9% | AK.VALTRN 12.01.2033 | 0.99% |
| PUERTO RICO COMWLTH 5.75% | PR.PRC 5.75 07.01.2031 | 0.97% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 0.87% |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 6.5% | TX.NHPFAC 6.5 01.01.2031 | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.02479 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02356 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02335 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02586 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02543 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02455 | Jun 30, 2025 |