PGIM High Yield Fund Class A (PBHAX)

Overview

The company specializes in high yield fixed-income investments, focusing primarily on bonds that are considered high risk due to their lower credit ratings. These bonds, commonly referred to as "junk bonds," are rated Ba or lower by Moody's Investors Service or BB or lower by S&P Global Ratings. The fund commits at least 80% of its investable assets into a diversified portfolio of these financial instruments, which also includes bonds rated comparably by another nationally recognized statistical rating organization (NRSRO) or those deemed to be of comparable quality. This investment approach targets investors who are seeking higher returns and are willing to accept the higher risks associated with lower-rated bonds.

Products and Services

The company offers investment opportunities focused on high yield fixed-income instruments, structured around the following products and services:

• Diversified High Yield Bond Portfolio - A portfolio comprising a wide range of high yield fixed-income instruments. These bonds are selected based on their ratings of Ba or lower from Moody's or BB or lower from S&P, or their equivalent as rated by another NRSRO, or if they are assessed to be of comparable quality. This diversification aims to spread out the risks associated with investing in lower-rated, higher-yielding bonds.
• Investment in Lower-rated Bonds - Specifically targeting bonds rated Ba by Moody's or BB by S&P, or lower. This service caters to investors looking for opportunities in bonds that are considered below investment grade but offer the potential for higher returns. The fund counts on the expertise of its portfolio managers to select these instruments based on analysis and assessment of their risk and potential return.