PGIM Muni High Income Fund-Class C (PHICX)

Fund Assets	956.98M
Expense Ratio	1.629%
Min. Investment	$1,000
Turnover	56.00%
Dividend (ttm)	0.28
Dividend Yield	3.15%
Dividend Growth	-3.15%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.89
YTD Return	-1.86%
1-Year Return	-1.10%
5-Year Return	-2.72%
52-Week Low	8.77
52-Week High	9.53
Beta (5Y)	0.12
Holdings	470
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.

• Fund Family: PGIM
• Category: High Yield Muni
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PHICX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

PHICX had a total return of -1.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.56%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PHIQX	Class R6	0.49%
PHIZX	Class Z	0.58%
PRHAX	Class A	0.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02295	Sep 30, 2026
Aug 31, 2026	$0.02414	Aug 31, 2026
Jul 31, 2026	$0.02201	Jul 31, 2026
Jun 30, 2026	$0.02169	Jun 30, 2026
May 29, 2026	$0.02448	May 29, 2026
Apr 30, 2026	$0.02392	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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