Fact SheetOpens in a new window Client HighlighterOpens in a new window Fund CommentaryOpens in a new window Morningstar Ratingsas of 11/30/2024 Class R6 & Z Shares: Overall Morningstar RatingTMout of 584 High Yield Bond funds. Morningstar measures risk-adjusted returns. The overall rating ...
Fact SheetOpens in a new window Fund CommentaryOpens in a new window Morningstar Ratingsas of 11/30/2024 Class R6 & Z Shares: Overall Morningstar RatingTMout of 184 High Yield Muni funds. Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund...
Investing in municipal bonds involvescredit and market risks. The Fund may invest inhigh yield ("junk") bonds, which are subject to greater credit and market risks;leveraging techniques, which may magnify losses; andderivative securities, which may carry market, credit, and liquidity risks. Fixed...
Lipper Core Bond Funds Averageinvest at least 85% in domestic investment-grade debt issues (rated in the top four grades) with any remaining investment in non-benchmark sectors such as high-yield, global and emerging market debt. These funds maintain dollar-weighted average maturities of five to...
Lipper Core Plus Bond Funds Averageincludes funds that invest at least 65% in domestic investment-grade debt issues (rated in the top four grades) with any remaining investment in non-benchmark sectors such as high-yield, global and emerging market debt. These funds maintain dollar-weighted aver...
PGIM Short Duration High Yield Income Fund seeks to provide a competitive yield by investing primarily in shorter-duration, higher-rated, high yield bonds.
share price, yield and total return may fluctuate in response tobond market movements. Investing in thereal estate sectormakes the Fundnondiversified, so a loss resulting from a particular security or sector will have a greater impact on the Fund's return.Asset allocationanddiversificationdo not ...
High Yield Corporates1.4 % Investment Grade Corporates0.8 % Bank Loans0.1 % Cash/Equiv8.4 % Credit Quality (% of Assets) Credit Quality (% of Assets) table AAA33.7 % AA26.0 % A8.1 % BBB11.2 % BB6.7 % B0.6 % Not Rated5.4 %
Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject tocredit, market, prepayment and interest rate risks, and their value will decline as interest rates rise.High yield ("junk") bondsare subject to greater credit and market risks....
High Yield11.2 %11.2 ABS17.9 %17.9 Cash/Equiv2.0 %— Credit Quality (% of Assets) Portfolio Attributes Table AAA55.7 % AA6.8 % A11.8 % BBB9.9 % BB6.6 % B2.7 % CCC1.0 % C0.4 % Not Rated3.2 % Cash/Equiv2.0 % PGIM ESG IMPACT RATINGS DISTRIBUTION1(%) ...