PHICX Performance — PGIM Muni High Income Fund, Class C
Data updated: 2026-07-27
PHICX returned +1.81% year to date and +6.00% over one year to May 2026. Annualised returns are +4.53% over 3 years and +0.13% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $114, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 6.35% a year. In the 12 months to May 2026 the fund took in a net $199.0M, and assets reached $989.42M.
PHICX Growth of $100
What $100 invested in PGIM Muni High Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PHICX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $114 | $111 |
| 5 years (Jun 2021 – May 2026) | $101 | $104 |
| Since data start (Aug 2019 – May 2026) | $109 | $110 |
PHICX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.81% |
| 1 year | +6.00% |
| 3 years (annualised) | +4.53% |
| 5 years (annualised) | +0.13% |
PHICX Annual Returns
Calendar-year total returns of PGIM Muni High Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.81% |
| 2025 | +2.22% |
| 2024 | +3.82% |
| 2023 | +7.89% |
| 2022 | −14.58% |
| 2021 | +3.55% |
| 2020 | +3.78% |
| 2019 (Aug–Dec) | +1.82% |
PHICX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.3% | −2.4% | +1.3% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +0.8% | −1.6% | −1.3% | −0.2% | +0.5% | −0.9% | +0.6% | +2.7% | +1.2% | +0.2% | −0.2% |
| 2024 | −0.5% | +0.7% | +0.8% | −1.0% | +0.5% | +2.0% | +1.2% | +0.7% | +1.0% | −1.5% | +2.0% | −1.9% |
| 2023 | +3.7% | −2.6% | +1.7% | +0.2% | −0.9% | +1.6% | +0.7% | −1.5% | −3.2% | −1.6% | +7.3% | +2.7% |
| 2022 | −2.8% | −0.6% | −3.8% | −3.6% | +0.2% | −3.0% | +2.7% | −1.9% | −5.4% | −2.1% | +5.5% | −0.3% |
| 2021 | +1.6% | −1.7% | +0.9% | +1.0% | +0.7% | +0.8% | +0.8% | −0.5% | −0.9% | −0.5% | +1.2% | +0.1% |
| 2020 | +2.1% | +1.6% | −8.7% | −3.0% | +3.5% | +3.4% | +2.5% | −0.4% | −0.3% | −0.1% | +2.1% | +1.6% |
| 2019 | — | — | — | — | — | — | — | +2.0% | −0.5% | +0.1% | +0.1% | +0.2% |
PHICX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.35%
- 3-year Sharpe ratio: 0.00 (vs 4.5% risk-free rate)
- Best month: +7.26% (Nov 2023)
- Worst month: −3.19% (Sep 2023)
PHICX Fund Flows
Monthly money in and out of PGIM Muni High Income Fund, from SEC Form N-PORT.
- 12-month net flow: $199.0M
- 12-month gross sales (incl. reinvestments): $480.2M
- Sales ÷ redemptions: 1.71×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $27.7M | $15.7M | $12.0M |
| Apr 2026 | $31.9M | $16.9M | $15.0M |
| Mar 2026 | $37.2M | $27.0M | $10.2M |
| Feb 2026 | $30.4M | $32.8M | −$2.5M |
| Jan 2026 | $38.8M | $17.9M | $20.9M |
| Dec 2025 | $42.4M | $26.5M | $15.9M |
| Nov 2025 | $26.0M | $19.2M | $6.9M |
| Oct 2025 | $35.2M | $23.2M | $11.9M |
| Sep 2025 | $25.6M | $14.9M | $10.7M |
| Aug 2025 | $142.2M | $23.8M | $118.4M |
| Jul 2025 | $22.8M | $46.7M | −$23.9M |
| Jun 2025 | $20.1M | $16.5M | $3.6M |
PHICX Assets Under Management
Net assets of PGIM Muni High Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $989.42M |
| 2026-02-27 | $962.43M |
| 2025-11-28 | $917.25M |
| 2025-08-29 | $859.52M |
| 2025-05-30 | $766.26M |
| 2025-02-28 | $830.82M |
| 2024-11-29 | $860.04M |
| 2024-08-30 | $803.51M |
| 2024-05-31 | $763.97M |
| 2024-02-29 | $741.31M |
| 2023-11-30 | $718.06M |
| 2023-08-31 | $666.61M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.