PRHAX Alternatives & Similar Mutual Funds

PGIM Muni High Income Fund (PRHAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRHAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PRHAX

PRHAX charges 0.81% annually. There are 34 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	PRHAX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	PRHAX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	PRHAX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	PRHAX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	PRHAX vs HIMFX

Best Risk-Adjusted Alternatives to PRHAX

PRHAX has a PortfoliosLab risk / return rank of 71. There are 20 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	PRHAX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	PRHAX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	90	—	Sep 2015	PRHAX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	PRHAX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	PRHAX vs EWHYX

Top Performing PRHAX Alternatives (YTD)

PRHAX is at 2.95% YTD. There are 18 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.27%	—	Nov 2003	PRHAX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	PRHAX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.49%	—	Jun 2016	PRHAX vs NHMFX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.38%	—	Jun 1999	PRHAX vs NHMAX
SRHMX	Columbia High Yield Municipal Fund	3.38%	—	Mar 1984	PRHAX vs SRHMX

Lowest Volatility Alternatives to PRHAX

PRHAX has 3.05% 1-year volatility. There are 12 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.01%	—	Mar 2017	PRHAX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	PRHAX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	PRHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	PRHAX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.55%	—	Jun 2018	PRHAX vs TMNIX

Lowest Drawdown Alternatives to PRHAX

PRHAX has a 1-year max drawdown of -3.05%. There are 27 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	PRHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	PRHAX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	PRHAX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	PRHAX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	PRHAX vs TMNIX

Other Mutual Funds from PGIM

The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PJFAX	PGIM Jennison Growth Fund	Large Cap Growth Equities	12	4.02%	—	Nov 1995	PRHAX vs PJFAX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	69	1.64%	—	Oct 2011	PRHAX vs PHYQX
PTRQX	PGIM Total Return Bond R6	Intermediate Core-Plus Bond	24	0.43%	—	Dec 2010	PRHAX vs PTRQX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	50	0.81%	—	Dec 2013	PRHAX vs SDMZX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	23	0.38%	—	Jan 1997	PRHAX vs PDBZX
FRFZX	PGIM Floating Rate Income Fund	Bank Loan	96	2.29%	—	Mar 2011	PRHAX vs FRFZX
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	68	1.37%	—	Oct 2012	PRHAX vs HYSZX
PALDX	PGIM 60/40 Allocation Fund	Diversified Portfolio	81	7.25%	—	Sep 2017	PRHAX vs PALDX
PBHAX	PGIM High Yield Fund	High Yield Bonds	65	1.48%	—	Jan 1990	PRHAX vs PBHAX
PWJZX	PGIM Jennison International Opportunities Fund	Foreign Large Cap Equities	15	18.38%	—	Jun 2012	PRHAX vs PWJZX

Often Compared With PRHAX

Investors most often compare PRHAX with PGOAX, DHMBX, RTHAX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PGOAX	PGIM Jennison Small Company Fund	Small Cap Growth Equities	58	16.04%	—	Jan 1990	PRHAX vs PGOAX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	68	3.32%	—	Sep 2005	PRHAX vs DHMBX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	68	2.98%	—	May 2015	PRHAX vs RTHAX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	80	2.52%	—	Aug 2008	PRHAX vs AHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	61	3.32%	—	Jun 1999	PRHAX vs NHMRX
PRJZX	PGIM Jennison Global Opportunities Fund	Global Equities	12	12.72%	—	Mar 2012	PRHAX vs PRJZX

Compare PRHAX with Any Fund or Stock

Compare PRHAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PRHAX with funds that move differently

PGIM Muni High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRHAX.

Explore PRHAX Diversifiers

PGIM Muni High Income Fund (PRHAX) Alternatives