PGIM High Yield Fund Class R6 (PHYQX)

Overview

The company focuses on high-yield fixed-income investments, specifically targeting securities rated as below investment grade, also colloquially known as "junk bonds". By committing at least 80% of its investable assets into this category, the firm aims to offer investors access to a diversified portfolio that includes instruments rated Ba or lower by Moody’s Investors Service or BB or lower by S&P Global Ratings. Additionally, investments can include those similarly rated by other Nationally Recognized Statistical Rating Organizations (NRSROs), or those assessed as being of comparable quality, diversifying the risk and potential return profile of the portfolio.

Products and Services

• High Yield Fixed-Income Instruments

These are the core offerings, comprising a diversified portfolio of bonds and other debt securities that are rated below investment grade. This category is commonly referred to as "junk bonds" and is targeted towards investors seeking higher yields in exchange for taking on a greater degree of credit risk. Investments in this category are chosen based on their rating by major rating agencies like Moody's and S&P, or other equivalent assessments, ensuring a balanced approach between risk and potential return.