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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.39% 0.34% 122.96M 19629.83
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
7.98% 35.00% 33.64M Upgrade

Basic Info

Investment Strategy
The investment seeks total return, through a combination of current income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments (including derivatives) with similar economic characteristics. It may invest in securities which are the subject of bankruptcy proceedings or otherwise in default as to the repayment of principal and/or interest at the time of acquisition by the fund or are rated in the lower rating categories or, if unrated, are in the judgment of the Subadviser of equivalent quality.
General
Security Type Exchange-Traded Fund
Equity Style Mid Cap/Value
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
Bloomberg US HY Very Liquid TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brian Clapp 5.52 yrs
Robert Cignarella 5.52 yrs
Robert Spano 5.52 yrs
Ryan Kelly 5.52 yrs
Michael Gormally 2.00 yrs
Brian Lalli 1.05 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 23, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
16.75%
6.33%
6.20%
-11.81%
11.90%
0.52%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-2.90%
7.35%
-3.34%
13.16%
6.65%
5.60%
-10.58%
12.80%
0.94%
8.97%
-3.79%
13.47%
6.67%
1.62%
-12.16%
13.29%
-0.14%
--
-2.01%
14.55%
6.38%
3.21%
-11.03%
12.12%
0.34%
--
--
10.16%
3.65%
4.60%
-5.22%
11.38%
0.93%
As of April 23, 2024.

Asset Allocation

As of April 15, 2024.
Type % Net % Long % Short
Cash 2.02% Upgrade Upgrade
Stock 0.81% Upgrade Upgrade
Bond 96.07% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 1.10% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks total return, through a combination of current income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments (including derivatives) with similar economic characteristics. It may invest in securities which are the subject of bankruptcy proceedings or otherwise in default as to the repayment of principal and/or interest at the time of acquisition by the fund or are rated in the lower rating categories or, if unrated, are in the judgment of the Subadviser of equivalent quality.
General
Security Type Exchange-Traded Fund
Equity Style Mid Cap/Value
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
Bloomberg US HY Very Liquid TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brian Clapp 5.52 yrs
Robert Cignarella 5.52 yrs
Robert Spano 5.52 yrs
Ryan Kelly 5.52 yrs
Michael Gormally 2.00 yrs
Brian Lalli 1.05 yrs

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