PGIM High Yield Fund Class Z (PHYZX)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
PGIM High Yield Fund Class Z Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 15,147 | $72,251.19 | $72,402.66 | $151.47 | 0.21% |
PGIM High Yield Fund Class Z (PHYZX) FAQ
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PGIM High Yield Fund Class Z Profile
| NASDAQ (NGS) Exchange | US Country |
Overview
The company is focused on investment strategies that prioritize high yield fixed-income instruments. It commits at least 80% of its investable assets into a diversified portfolio that encompasses bonds rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by S&P Global Ratings (S&P). This strategy also extends to instruments that are either comparably rated by another nationally recognized statistical rating organization (NRSRO) or considered to be of comparable quality. The key characteristic of these financial instruments is that they are generally classified as junk bonds, which carry a higher risk of default but also offer the potential for higher returns compared to more conservative bond investments. This approach indicates a focus on seeking potentially higher yields through investments that are considered to carry a higher degree of risk.
Products and Services
- High Yield Fixed-Income Instruments
The cornerstone product offering from the company involves investment in high yield fixed-income instruments that are primarily rated below investment grade by major rating agencies like Moody's and S&P. These include corporate bonds that promise higher returns in exchange for higher risk. The selection is diversified across various issuers and industries to mitigate risk while seeking to maximize income for investors.
- Diversified Investment Portfolio
In addition to focusing on high yield fixed-income instruments, the company ensures that its investment portfolio remains diversified. This diversification strategy encompasses a mix of ratings, durations, and sectors. The goal is to reduce the impact of potential defaults on the overall portfolio performance, thereby spreading risk and seeking to ensure more stable returns for investors over time.
- Investments in Instruments Rated by NRSROs or of Comparable Quality
Beyond the ratings provided by Moody's and S&P, the company also pays attention to instruments that are rated by other nationally recognized statistical rating organizations (NRSROs) or those deemed to be of comparable quality. This involves a rigorous assessment process to identify opportunities that, while not necessarily having a high rating on traditional scales, are assessed to have potential for income and growth, aligning with the fund's high-yield investment philosophy.
