Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.71% -12.57% 426.10M 62774.33
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
6.87% 27.00% -- Upgrade

Basic Info

Investment Strategy
The Fund's investment objective is to provide total return, through a combination of current income and capital appreciation. The Fund's investment objective is non-fundamental and may be changed without shareholder approval. There can be no guarantee that the Fund will achieve its investment objective or be able to structure its investment portfolio as anticipated.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
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 Growth and Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
Bloomberg US High Yield Ba/B 1-5Y TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brian Clapp 3.43 yrs
Robert Cignarella 3.43 yrs
Robert Spano 3.43 yrs
Ryan Kelly 3.43 yrs
Michael Gormally 1.75 yrs

Performance Versus Category

 
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5%
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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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--
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% Rank in Cat (NAV)
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As of May 09, 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
--
--
--
--
-3.06%
-13.29%
11.38%
3.56%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-1.74%
2.89%
-5.03%
28.40%
6.81%
15.72%
-18.35%
15.02%
6.78%
--
--
--
--
--
--
--
2.49%
--
-2.01%
14.55%
6.38%
3.21%
-11.03%
12.12%
1.79%
--
--
10.16%
3.65%
4.60%
-5.22%
11.38%
1.69%
As of May 09, 2024.

Asset Allocation

As of March 31, 2024.
Type % Net % Long % Short
Cash 11.67% Upgrade Upgrade
Stock 0.66% Upgrade Upgrade
Bond 87.64% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.04% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund's investment objective is to provide total return, through a combination of current income and capital appreciation. The Fund's investment objective is non-fundamental and may be changed without shareholder approval. There can be no guarantee that the Fund will achieve its investment objective or be able to structure its investment portfolio as anticipated.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
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 Growth and Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
Bloomberg US High Yield Ba/B 1-5Y TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brian Clapp 3.43 yrs
Robert Cignarella 3.43 yrs
Robert Spano 3.43 yrs
Ryan Kelly 3.43 yrs
Michael Gormally 1.75 yrs

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