PRHAX

About PRHAX

PGIM Muni High Income Fund Class A is an open‑end municipal bond mutual fund focused on delivering income that is generally exempt from U.S. federal income taxes. According to the fund’s stated objective, it seeks to provide the maximum amount of federally tax‑exempt income by investing primarily in a diversified blend of municipal securities, with at least 80% of assets typically allocated to muni bonds. The strategy emphasizes revenue and general obligation bonds across states, sectors, and credits, enabling exposure to essential public finance areas such as transportation, utilities, healthcare, and education infrastructure. The fund is managed by PGIM Fixed Income, leveraging research‑driven credit selection and active duration and sector positioning to balance income generation with risk management within the municipal market. As a Class A share offering, it provides access to the same underlying portfolio with a traditional front‑end load structure and ongoing expenses specific to its share class. By channeling capital to state and local issuers, PGIM Muni High Income Fund Class A plays a role in financing public projects while offering investors a vehicle for federally tax‑advantaged income exposure within the U.S. municipal bond market.