Morningstar® Investment Profile™   Investment
Option Disclosure		   Morningstar®
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PGIM High Yield Z  PHYZX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2025-08-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration 3.03 Yrs
Average Eff Maturity 5.23 Yrs
Average Wtd Coupon 6.41
Average Wtd Price 97.97
As of 2025-07-31
Data as of 2025-07-31
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 1.4
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.2
Bullet Bonds Bonds 91.5
Bullet Cash Cash 4.3
Bullet Other Other 2.6
Asset Allocation Rescaled Graph
Data through 2025-07-31
  Morningstar Fixed-Income Sectors
% Fund
Government 6.88
Corporate 87.18
Securitized 1.28
Municipal 0.00
Cash & Equivalents 2.01
Derivative 2.65
Data through 2025-07-31
  Credit Analysis
% Bonds
AAA 6.85
AA 0.00
A 0.11
BBB 5.95
BB 45.21
B 25.40
Below B 11.93
Not Rated 4.56
Data through 2025-07-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 18
Total Number of Bond Holdings 820
% of Net Assets in Top 10 Holdings 9.41
Turnover % (as of 2024-08-31) 42.00
30 Day SEC Yield % 6.44
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Prudential Govt Money Mkt Fd --- 393,779 393,779 1.93
United States Treasury Notes 3.875% 2027-11-30 301,400 301,141 1.47
United States Treasury Notes 3.875% 2027-05-31 229,000 228,606 1.12
Medline Borrower LP 3.875% 2029-04-01 179,227 170,918 0.84
Radiate Holdco Llc Pik Term Loan Fifo 2029-09-25 182,603 157,875 0.77
DISH DBS Corporation 7.75% 2026-07-01 175,096 155,621 0.76
United States Treasury Notes 4% 2030-03-31 134,475 134,790 0.66
Ferrellgas Escrow Llc 3/30/31 Preferred 2031-03-30 133,666 133,666 0.65
Calpine Corporation 5.125% 2028-03-15 127,898 127,273 0.62
PGIM AAA CLO ETF --- 2,335 120,195 0.59
United States Treasury Notes 3.875% 2030-04-30 120,000 119,644 0.59
United States Treasury Notes 4.125% 2027-01-31 117,625 117,740 0.58
United States Treasury Notes 4% 2030-05-31 115,000 115,279 0.56
United States Treasury Notes 3.875% 2027-03-31 115,000 114,771 0.56
Davita Inc 3.75% 2031-02-15 126,452 114,712 0.56
Tenet Healthcare Corporation 4.375% 2030-01-15 118,417 113,899 0.56
Vistra Operations Co LLC 5% 2027-07-31 109,462 108,916 0.53
Davita Inc 4.625% 2030-06-01 112,794 107,643 0.53
Carvana Co 14% 2031-06-01 87,105 103,581 0.51
Csc Holdings Llc Term Loan B6 2028-01-18 102,539 102,251 0.50
United States Treasury Notes 4.125% 2027-02-28 100,000 100,156 0.49
United States Treasury Notes 2.625% 2027-05-31 100,565 98,184 0.48
Tenneco LLC 8% 2028-11-17 95,860 95,162 0.47
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% 2030-10-15 101,717 94,215 0.46
Frontier Communications Holdings Llc 5% 2028-05-01 92,061 92,014 0.45
Data through 2025-07-31
Show Data Definitions

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