PGIM High Yield Fund - Class C (PRHCX)
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PGIM High Yield Fund - Class C Profile
| NASDAQ Exchange | United States Country |
Overview
The company in question is a financial investment firm that focuses on high yield fixed-income investments. It commits to dedicating at least 80% of its investable assets towards a diverse portfolio of high yield fixed-income instruments. These are specifically bonds rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by S&P Global Ratings (S&P), which are often referred to as junk bonds. Additionally, the firm invests in instruments that are either similarly rated by other nationally recognized statistical rating organizations (NRSROs) or deemed to be of comparable quality. This approach indicates the firm’s strategy of taking on higher risk for the potential of higher returns, commonly associated with the investment in high yield bonds.
Products and Services
The company offers the following products and services:
- High Yield Fixed-Income Instruments
A diversified portfolio focused on bonds rated Ba or lower by Moody's or BB or lower by S&P, as well as instruments comparably rated by another NRSRO or of comparable quality. This service caters to investors seeking higher return potentials that come with higher risk levels associated with junk bonds.
