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Morningstar

PGIM High Yield C PRHCX Fund Analysis

Morningstar Analyst Rating
| Analyst rating as of

Morningstar’s Analysis PRHCX

Will PRHCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRHCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PRHCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PRHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

PGIM High Yield's resources and process have served it well.‎

Strategist

Summary

| by Eric Jacobson

PGIM High Yield is driven by bottom-up issue selection which dovetails well with a parent firm willing ‎to provide resources and an experienced staff to execute its methodical, smart process. All of its ‎shares carry a Morningstar Analyst Rating of Gold, save its expensive C class.‎

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