PGIM Muni High Income Fund-Class Z (PHIZX)

Fund Assets	956.98M
Expense Ratio	0.605%
Min. Investment	$0.00
Turnover	56.00%
Dividend (ttm)	0.39
Dividend Yield	4.30%
Dividend Growth	-1.31%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.88
YTD Return	-1.05%
1-Year Return	-0.01%
5-Year Return	2.49%
52-Week Low	8.76
52-Week High	9.52
Beta (5Y)	0.33
Holdings	470
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.

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

Performance

PHIZX had a total return of -0.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.28%.

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%
PRHAX	Class A	0.81%
PHICX	Class C	1.64%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03139	Sep 30, 2026
Aug 31, 2026	$0.03251	Aug 31, 2026
Jul 31, 2026	$0.03148	Jul 31, 2026
Jun 30, 2026	$0.03025	Jun 30, 2026
May 29, 2026	$0.03294	May 29, 2026
Apr 30, 2026	$0.03223	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

Data Sources Report a data error