Prudential Municipal Bond High-Income Fund Class A (PRHAX)

10.44
Net Asset Value
-0.10%
1 Day
+0.68%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4
Sales Expenses
0.92%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks to provide the maximum amount of income that is eligible for exclusion from federal income taxes. The fund normally invests at least 80% of its investable assets in municipal bonds, which are fixed-income securities issued by states and municipalities whose income is free from regular federal income tax. Its investments may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax (AMT). The investment subadviser normally invests the fund's investable assets in municipal bonds that it believes may provide above-average yields.

Performance

1 month+0.26% 3 years+7.94%
3 months+1.14% 5 years+6.48%
1 year+8.27% Since inception+5.96%
Data through --

Peer Comparisonvs. High yield muni

 PRHAXCategory
Performance 5-yr return+6.48%+5.68%
Expense ratio0.92%1.06%
Risk 5 year sharpe ratio0.920.63
Net assets$779.4M$2.0B
Average market cap----
Average P/E----
Portfolio turnover15%15%

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Fund Management and Purchase Info

Fund familyPrudential Investments
Fund manager & tenureRobert Tipp / 8 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Other100.00%
U.S. stock--
International stock--
Fixed income--
Cash--
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Golden St Tob Securitization C Toba 4.5%1.82%
-- Tobacco Settlement Fing Corp N Asse 4.5%1.27%
-- Tobacco Settlement Fing Corp N As 4.625%1.01%
-- Foothill / Eastern Transn Corr Toll Rd0.90%
-- Golden St Tob Securitization C Tob 5.75%0.81%
-- Buckeye Ohio Tob Settlement Fi To 5.125%0.77%
-- Buckeye Ohio Tob Settlement Fi To 5.875%0.77%
-- Texas Private Activity Bd Surf Sr Lie 7%0.74%
-- Salt Verde Finl Corp Sr Gas Re Senior 5%0.74%
-- Lower Colo Riv Auth 7.25%0.73%

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