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 2025-09-30. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration 2.96 Yrs
Average Eff Maturity 5.19 Yrs
Average Wtd Coupon 6.34
Average Wtd Price 98.81
As of 2025-09-30
Data as of 2025-09-30
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 1.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.3
Bullet Bonds Bonds 91.1
Bullet Cash Cash 4.6
Bullet Other Other 2.5
Asset Allocation Rescaled Graph
Data through 2025-09-30
  Morningstar Fixed-Income Sectors
% Fund
Government 7.02
Corporate 86.58
Securitized 1.29
Municipal 0.00
Cash & Equivalents 2.39
Derivative 2.73
Data through 2025-09-30
  Credit Analysis
% Bonds
AAA 7.79
AA 0.00
A 0.14
BBB 6.35
BB 46.27
B 22.91
Below B 11.71
Not Rated 4.83
Data through 2025-09-30
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 18
Total Number of Bond Holdings 848
% of Net Assets in Top 10 Holdings 9.81
Turnover % (as of 2024-08-31) 42.00
30 Day SEC Yield % 6.10
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Prudential Govt Money Mkt Fd --- 467,120 467,120 2.20
United States Treasury Notes 3.875% 2027-11-30 301,400 303,001 1.43
United States Treasury Notes 3.75% 2027-06-30 287,375 287,903 1.36
DISH DBS Corporation 7.75% 2026-07-01 175,096 173,825 0.82
Medline Borrower LP 3.875% 2029-04-01 172,052 166,030 0.78
Radiate Pik Term Loan Fifo 2029-09-25 183,746 147,763 0.70
United States Treasury Notes 4% 2030-03-31 134,475 136,019 0.64
PGIM AAA CLO ETF --- 2,626 135,226 0.64
Ferrellgas Escrow Llc 3/30/31 Preferred 2031-03-30 133,666 133,666 0.63
Digicel Intl Fin Ltd Common Equity --- 7,821 130,346 0.61
Calpine Corporation 5.125% 2028-03-15 123,973 124,006 0.58
United States Treasury Notes 4.25% 2035-05-15 122,650 123,800 0.58
Tenet Healthcare Corporation 4.375% 2030-01-15 127,117 123,668 0.58
Carvana Co 9% 2031-06-01 107,793 122,088 0.58
Vistra Operations Co LLC 5% 2027-07-31 121,462 121,311 0.57
United States Treasury Notes 3.875% 2030-04-30 120,000 120,769 0.57
United States Treasury Notes 3.875% 2027-05-31 119,000 119,414 0.56
Davita Inc 3.75% 2031-02-15 127,162 116,484 0.55
United States Treasury Notes 4% 2030-05-31 115,000 116,357 0.55
United States Treasury Notes 3.875% 2027-03-31 115,000 115,350 0.54
Davita Inc 4.625% 2030-06-01 118,590 113,593 0.54
Altice Usa Term Loan B6 2028-01-18 106,379 105,581 0.50
Frontier Communications Holdings Llc 5% 2028-05-01 101,385 101,164 0.48
United States Treasury Notes 2.625% 2027-05-31 100,565 98,899 0.47
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% 2030-10-15 101,717 95,741 0.45
Data through 2025-09-30
Show Data Definitions

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