PHYEX – PGIM High Yield R2 Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income; and capital appreciation is a secondary objective. The fund normally invests at least 80% of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moody's Investors Service ("Moody's") or BB or lower by S&P Global Ratings ("S&P"), and instruments either comparably rated by another nationally recognized statistical rating organization ("NRSRO"), or considered to be of comparable quality, that is, junk bonds.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHYZX	PGIM High Yield Fund- Class Z	Institutional	Open			Mar 1, 1996	$9.84B	0.510%	Low	$0	$1.32B
PBHAX	PGIM High Yield Fund- Class A	Front Load	Open			Jan 22, 1990	$1.34B	0.740%	Low	$1,000	−$104.20M
PRHCX	PGIM High Yield Fund- Class C	Level Load	Open			Aug 1, 1994	$153.14M	1.470%	Low	$1,000	−$33.13M
PHYQX	PGIM High Yield Fund- Class R6	Retirement, Large	Open			Oct 31, 2011	$10.77B	0.380%	Low	$0	$31.53M
PHYGX	PGIM High Yield Fund- Class R4	Retirement, Large	Open			Dec 27, 2017	$30.82M	0.660%	Above Average	$0	−$5.61M
PHYEX	PGIM High Yield Fund- Class R2	Retirement, Medium	Open			Dec 27, 2017	$20.28M	0.910%	Low	$0	−$5.89M
JDYRX	PGIM High Yield Fund- Class R	Retirement, Small	Limited			Jun 6, 2005	$75.40M	1.050%	Low	$0	$3.11M

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