About PRHCX
PGIM High Yield Fund - Class C is a mutual fund that seeks to maximize current income through investments in high yield fixed-income instruments. It primarily allocates at least 80% of its assets to a diversified portfolio of bonds rated below investment grade, such as Ba or lower by Moody's or BB or lower by S&P, with capital appreciation as a secondary objective when consistent with income goals. The fund features a portfolio with significant exposure to sectors like telecom, building materials, gaming, lodging, leisure, health care, pharmaceuticals, and energy midstream, alongside holdings in U.S. Treasury notes, corporate bonds, and cash equivalents. Credit quality emphasizes BB and B rated securities, with geographic concentration primarily in the United States, followed by Canada and select international markets. Offering monthly dividends accrued daily, PGIM High Yield Fund - Class C serves investors pursuing higher income potential from non-investment grade debt within the high yield bond category, managed as part of PGIM's suite of fixed income products.
Fund Family PGIM
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PRHCX
Share Class Class C
Index Bloomberg US High Yield 1% Issuer TR
PRHCX had a total return of 4.80% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.52%.
