PGIM High Yield Fund - Class R2 (PHYEX)
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PGIM High Yield Fund - Class R2 (PHYEX) FAQ
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PGIM High Yield Fund - Class R2 Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is designed to offer investors the opportunity to participate in a diversified portfolio of high-yield fixed-income instruments, commonly known as junk bonds. These are bonds rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by S&P Global Ratings (S&P), which signify that they are considered below investment grade. The fund aims to invest at least 80% of its assets in these securities. Investments may also include bonds rated comparably by another nationally recognized statistical rating organization (NRSRO), or those considered to be of comparable quality. This type of investment typically offers higher yields than investment-grade bonds due to the increased risk of default. The fund's strategy is to navigate this risky segment of the market by creating a diversified portfolio, aiming to mitigate risks while seeking to maximize returns.
Products and Services
- Diversified Portfolio of High Yield Fixed-Income Instruments
This product focuses on creating a portfolio composed mainly of high yield, or junk bonds, which are rated Ba or lower by Moody's or BB or lower by S&P. This diversification is aimed at spreading the potential risks associated with high-yield investments while seeking to provide above-average returns. The fund capitalizes on the extensive research and evaluation of bonds that fall into these categories, seeking to include those with the best risk-reward profiles.
- Investment in Bonds Rated by Other NRSROs or of Comparable Quality
In addition to bonds rated by Moody's and S&P, the fund also considers investments in bonds rated by other nationally recognized statistical rating organizations, or those deemed of comparable quality. This broader approach allows the fund to explore opportunities that may not be recognized by the two major rating agencies but still offer potential for high returns. The objective is to include bonds that complement the fund's diversified high-yield portfolio while maintaining a focus on the overall risk management.
