PGIM Muni High Income Fund-Class Z (PHIZX)
| Fund Assets | 890.95M |
| Expense Ratio | 0.58% |
| Min. Investment | $0.00 |
| Turnover | 68.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.18% |
| Dividend Growth | 2.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.36 |
| YTD Return | 3.06% |
| 1-Year Return | 1.39% |
| 5-Year Return | 7.22% |
| 52-Week Low | 8.68 |
| 52-Week High | 9.40 |
| Beta (5Y) | 0.33 |
| Holdings | 420 |
| Inception Date | Sep 16, 1996 |
About PHIZX
PGIM Muni High Income Fund Class Z is an actively managed municipal bond mutual fund designed to generate income that is generally exempt from federal income taxes. The portfolio invests at least 80% of assets in a diversified blend of investment-grade and below‑investment‑grade municipal securities issued by states and local authorities, allowing the managers to pursue higher income while navigating credit and interest‑rate risk across the muni market. The fund distributes dividends monthly with daily accrual, aligning with investors seeking steady tax‑advantaged cash flow from municipal debt. Managed by PGIM Fixed Income, it emphasizes research‑driven security selection, sector allocation, and call structure analysis across general obligation, revenue, healthcare, transportation, and essential‑service bonds. Class Z shares feature an institutional pricing structure with no front‑end sales load and a competitive expense ratio for its category. Within the broader fixed income landscape, the fund serves as a dedicated tax‑exempt income allocation and a potential diversifier to taxable bonds, reflecting the role of municipal credit in funding public infrastructure and services while providing federally tax‑advantaged income to shareholders.
Performance
PHIZX had a total return of 1.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.68%.
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 | $0.03319 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0322 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03142 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03325 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03378 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0327 | Jun 30, 2025 |