Objective

The Fund seeks to provide total return, through a combination of current income and capital appreciation by investing primarily in below investment‐grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less.

KEY FUND DETAILS
Style US CE High Yield Bond
Market Symbol SDHY
NAV Symbol —
Exchange NYSE
CUSIP 69355J104
Inception Date 11/25/2020
Distribution Frequency Monthly
Total Expenses (Net Assets) (%) 1.17
Total Expenses (Investable Assets) (%) 1.17
DAILY FUND INFORMATION
AS OF 10/20/2026
Market Price ($) 15.12
Net Asset Value (NAV) ($) 16.55
Premium/Discount (%) -8.64
Market Price Distribution Rate (%) 8.57
NAV Price Distribution Rate (%) 7.83
Distribution (most recent) ($) 0.1080
Net Assets ($) 408,269,265
Investable Assets ($) 408,269,265
Fund Borrowing (%) 0.00

Investing in the Fund involves certain risks and the Fund may not be able to achieve its intended results for a variety of reasons, including, among others, the possibility that the Fund may not be able to successfully implement its investment strategy because of market, economic, regulatory, geopolitical and other conditions. The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may carry increased risk of principal loss due to imperfect correlation between the values of the derivatives and the underlying securities or unexpected price or interest rate movements and be subject to other risks such as market, credit, counterparty, leverage and liquidity risks; foreign securities, which are subject to currency fluctuation, political uncertainty and different regulatory standards than those of U.S. companies; emerging markets securities, which are subject to greater volatility and price declines; structured products, which are subject to issuer repayment, counterparty risk and are also subject to credit risk in that the assets backing the structured product may be insufficient to pay interest or principal; smaller capitalization companies, which are subject to special risks because those companies may have narrower product lines, more limited financial resources, fewer experienced managers, dependence on a few key employees, and a more limited trading market for their securities, as compared with larger companies; bank loans, which are subject the financial condition of the borrower and the Fund's ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise). Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise; issuer risk, where the value of fixed income instruments may decline for a number of reasons that directly relate to the issuer; duration risk, which can determine the security's sensitivity to changes in the general level of interest rates; floating-rate and fixed-to-floating rate securities risks; prepayment risk, where the issuer of an instrument may exercise its option to prepay principal earlier than scheduled, forcing the Fund to reinvest the proceeds from such prepayment in lower yielding instruments, which may result in a decline in the Fund's income and distributions to shareholders; extension risk, where an issuer could exercise its right to pay principal on an obligation held by the Fund later than expected; reinvestment risk or the risk that Income from the Fund's portfolio will decline If and when the Fund Invests the proceeds from matured, traded or called fixed Income Instruments at market Interest rates that are below the portfolio's current earnings rate; spread risk; and refinancing risk where one or more issuers of fixed income instruments in the Fund's portfolio may not be able to pay off their debt upon maturity. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that the Fund’s objective will be achieved or that dividends or distributions will be paid.

Prices

AS OF 10/20/2026
Last Change
Market Price ($) 15.12
0.02
Net Asset Value ($) 16.55
-0.02
Premium/Discount (%) -8.64
0.23

Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

52 Week High/Low

AS OF 10/20/2026
Market Price Date Price ($)
High 02/11/2026 16.85
Low 10/19/2026 15.10
NAV Price Date Price ($)
High 10/28/2025 17.80
Low 10/20/2026 16.55

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Average Annual Total Returns (%)

as of
TOTAL RETURNS (%)
Cumulative Average Annual
YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Annual Fund Expense Ratios

AS OF 09/30/2026
Net Assets (%)
Investable Assets (%)
Management Fees 1.00 1.00
Other Expenses 0.08 0.08
Total Operating Expenses 1.08 1.08
Interest Expense from Leverage 0.09 0.09
Total Expense 1.17 1.17

Subject to change. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses.

Total returns are based on changes in net asset value ("NAV") or market price. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund’s Dividend Reinvestment Plan. All returns 1-year or less are cumulative.

Distribution Rates

AS OF 09/30/2026
Market Price Distribution Rate (%)
NAV Price Distribution Rate (%)
Distribution Frequency
8.57 7.83 Monthly

Distribution History

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Historical Distributions

Record Date Payable Date Distribution
2026 Total 0.9720
09/10/2026 09/30/2026 0.1080
08/13/2026 08/31/2026 0.1080
07/09/2026 07/31/2026 0.1080
06/11/2026 06/30/2026 0.1080
05/14/2026 05/31/2026 0.1080
04/09/2026 04/30/2026 0.1080
03/12/2026 03/31/2026 0.1080
02/12/2026 02/27/2026 0.1080
12/26/2025 01/08/2026 0.1080
2025 Total 1.4040
12/11/2025 12/31/2025 0.1080
11/13/2025 11/28/2025 0.1080
10/16/2025 10/31/2025 0.1080
09/11/2025 09/30/2025 0.1080
08/14/2025 08/29/2025 0.1080
07/10/2025 07/31/2025 0.1080
06/12/2025 06/30/2025 0.1080
05/15/2025 05/30/2025 0.1080
04/10/2025 04/10/2025 0.1080
03/13/2025 03/31/2025 0.1080
02/13/2025 02/28/2025 0.1080
12/26/2024 01/09/2025 0.1080
2024 Total 1.1880
12/12/2024 12/31/2024 0.1080
11/14/2024 11/29/2024 0.1080
10/10/2024 10/31/2024 0.1080
09/12/2024 09/30/2024 0.1080
08/08/2024 08/30/2024 0.1080
07/11/2024 07/31/2024 0.1080
06/13/2024 06/28/2024 0.1080
05/10/2024 05/31/2024 0.1080
04/12/2024 04/30/2024 0.1080
03/15/2024 03/28/2024 0.1080
02/16/2024 02/29/2024 0.1080
12/27/2023 01/05/2024 0.1080
2023 Total 1.2960
12/15/2023 12/29/2023 0.1080
11/09/2023 11/30/2023 0.1080
10/13/2023 10/31/2023 0.1080
09/15/2023 09/29/2023 0.1080
08/11/2023 08/31/2023 0.1080
07/14/2023 07/31/2023 0.1080
06/16/2023 06/30/2023 0.1080
05/12/2023 05/31/2023 0.1080
04/14/2023 04/28/2023 0.1080
03/17/2023 03/31/2023 0.1080
02/10/2023 02/28/2023 0.1080
12/28/2022 01/06/2023 0.1080
2022 Total 1.4040
12/16/2022 12/30/2022 0.1080
11/10/2022 11/30/2022 0.1080
10/14/2022 10/31/2022 0.1080
09/16/2022 09/30/2022 0.1080
08/12/2022 08/31/2022 0.1080
07/15/2022 07/29/2022 0.1080
06/17/2022 06/30/2022 0.1080
05/13/2022 05/31/2022 0.1080
04/14/2022 04/29/2022 0.1080
03/18/2022 03/31/2022 0.1080
02/11/2022 02/28/2022 0.1080
12/28/2021 01/03/2022 0.1080
2021 Total 1.1880
12/17/2021 12/30/2021 0.1080
11/12/2021 11/30/2021 0.1080
10/15/2021 10/29/2021 0.1080
09/17/2021 09/30/2021 0.1080
08/13/2021 08/31/2021 0.1080
07/16/2021 07/30/2021 0.1080
06/11/2021 06/30/2021 0.1080
05/14/2021 05/28/2021 0.1080
04/16/2021 04/30/2021 0.1080
03/12/2021 03/31/2021 0.1080
02/12/2021 02/26/2021 0.1080
01/22/2021 01/29/2021 0.1080

* Indicates a special distribution.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

Portfolio Attributes

AS OF 09/30/2026
Top 10 Corporate Holdings (% of Assets)
VENTURE GLOBAL PARTNERS II LLC 1.6%
ALLIED UNIVERSAL TOPCO LLC 1.5%
VISTRA CORP 1.5%
TENET HEALTHCARE CORP 1.4%
CHARTER COMMUNICATIONS INC 1.4%
ONEMAIN HOLDINGS INC 1.3%
APPLIED DIGITAL CORP 1.3%
TEKNI-PLEX PARENT INC 1.3%
SUNOCO LP (TEXAS) 1.3%
NRG ENERGY INC 1.2%
Credit Quality (% of Assets)
Credit Quality
Credit Quality Value
Investment Grade 11.5%
AAA 1.7%
AA 0.0%
BBB 9.8%
Below Investment Grade 87.2%
BB 55.7%
B 26.4%
CCC or below 5.1%
Not Rated 1.9%
Cash & Equivalents -0.6%
Largest Industries (% of Assets)
Technology 12.0
Health Care & Pharmaceutical 6.6
Finance Companies 6.5
Gaming & Lodging & Leisure 6.0
Building Materials & Home Construction 5.7
Consumer Non-Cyclical 5.0
Cable & Satellite 4.7
Energy - Upstream 4.6
Electric & Water 4.4
Energy - Midstream 4.4
Bond Maturities (% of Assets)
Less than 1 year 8.0%
1-3 years 44.0%
3-5 years 39.4%
5-7 years 9.0%
Over 7 years 0.3%
Cash & Equivalents -0.6%
Portfolio Characteristics
Average Maturity (yrs) 3.20
Fund Borrowing (%) —
Leverage Adjusted Duration (yrs) 3.01
Notional Market Value ($) 604,034,368.00
Number of Issuers 303

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

Average Maturity is the average number of years to maturity of the fund’s bonds. Duration shown is leverage-adjusted. Duration measures investment risk that takes into account both a bond’s interest payments and its value to maturity. Fund Borrowing is leverage obtained through debt financing at the fund level. Notional Market Value is the total economic exposure of a fund’s portfolio, including exposure obtained through derivatives. Credit Quality is calculated using the highest rating of the three rating agencies (Moody's, S&P, and Fitch). If only two rating agencies are used, the higher ratings are shown. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

Fund holdings

Fund Holdings As Of 09/30/2026

Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.

Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.

Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.

© 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal.  Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.

PGIM Credit is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

Investment Products are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

5044609 Ed. 12/2025

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares Notional
Value ($)
% of Portfolio
00081TAK4 ACCO BRANDS CORP ACCO 4.25 03/15/2029 1,615,000 1,499,812.00 0.36
00165CBB9 AMC ENTERTAINMENT HOLDINGS INC AMC 8.88 10/15/2031 590,000 592,901.00 0.14
00175PAC7 AMN HEALTHCARE INC AMN 4.00 04/15/2029 450,000 426,123.00 0.10
00175PAD5 AMN HEALTHCARE INC AMN 6.50 01/15/2031 530,000 520,843.00 0.13
00191AAD8 ARD FINANCE SA ARDFIN 6.50 06/30/2027 1 0 —
00202DAA5 APLD COMPUTECO LLC APLD 9.25 12/15/2030 2,875,000 2,991,279.00 0.73
00253XAB7 AMERICAN AIRLINES INC/AADVANTAGE LOYALTY AAL 5.75 04/20/2029 550,000 542,581.00 0.13
00653VAC5 ADAPTHEALTH LLC ADAHEA 4.63 08/01/2029 125,000 115,756.00 0.03
00653VAE1 ADAPTHEALTH LLC ADAHEA 5.13 03/01/2030 1,675,000 1,538,083.00 0.37
00810GAD6 AETHON UNITED BR LP / AETHON UNITED FINA AETUNI 7.50 10/01/2029 770,000 785,414.00 0.19
013092AG6 ALBERTSONS COS INC / SAFEWAY INC / NEW A ACI 3.50 03/15/2029 75,000 69,710.00 0.02
01309QAC2 ALBERTSONS COS INC ACI 5.50 03/31/2031 215,000 201,533.00 0.05
01309QAE8 ALBERTSONS COS INC ACI 5.63 03/31/2032 670,000 618,692.00 0.15
01741RAN2 ATI INC ATI 7.25 08/15/2030 145,000 147,796.00 0.04
018581AR9 BREAD FINANCIAL HOLDINGS INC BFH 6.75 05/15/2031 235,000 232,058.00 0.06
019576AD9 ALLIED UNIVERSAL HOLDCO LLC UNSEAM 7.88 02/15/2031 1,760,000 1,776,092.00 0.43
019576AF4 ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNI UNSEAM 6.88 06/15/2030 830,000 822,120.00 0.20
019579AA9 ALLIED UNIVERSAL HOLDCO LLC/ALLIED UNIVE UNSEAM 4.63 06/01/2028 1,550,000 1,502,154.00 0.37
02154CAJ2 ALTICE FINANCING SA ALTICE 9.63 07/15/2027 200,000 118,910.00 0.03
023771T32 AMERICAN AIRLINES INC AAL 7.25 02/15/2028 475,000 474,237.00 0.12
030981AP9 AMERIGAS PARTNERS LP / AMERIGAS FINANCE APU 9.50 06/01/2030 630,000 652,152.00 0.16
030981AR5 AMERIGAS PARTNERS LP / AMERIGAS FINANCE APU 6.88 06/01/2031 675,000 646,193.00 0.16
031921AB5 AMWINS GROUP INC AMWINS 4.88 06/30/2029 650,000 609,883.00 0.15
03690AAH9 ANTERO MIDSTREAM PARTNERS LP / ANTERO MI AM 5.38 06/15/2029 825,000 810,046.00 0.20
03772CAA1 APLD COMPUTECO 2 LLC PFORGE 6.75 03/15/2031 970,000 928,716.00 0.23
03790NAA5 APLD COMPUTECO 3 LLC ELNFOR 7.00 06/15/2031 1,335,000 1,251,321.00 0.30
039524AA1 ARCHES BUYER INC ACOM 4.25 06/01/2028 1,640,000 1,576,103.00 0.38
039524AF0 ARCHES BUYER INC ACOM 9.00 08/15/2031 485,000 487,867.00 0.12
03969UAA4 ARDAGH GROUP SA ARGID 11.00 12/01/2030 325,025 300,265.00 0.07
03969YAA6 ARDAGH METAL PACKAGING FINANCE USA LLC / AMPBEV 3.25 09/01/2028 200,000 191,398.00 0.05
03969YAB4 ARDAGH METAL PACKAGING FINANCE USA LLC / AMPBEV 4.00 09/01/2029 800,000 754,196.00 0.18
03969YAD0 ARDAGH METAL PACKAGING FINANCE USA LLC / AMPBEV 6.25 01/30/2031 220,000 214,317.00 0.05
039959AA9 ARDAGH GROUP SA ARGID 9.50 10/06/2030 937,194 965,828.00 0.23
04288BAB6 ARSENAL AIC PARENT LLC ARNC 8.00 10/01/2030 450,000 460,457.00 0.11
04288BAC4 ARSENAL AIC PARENT LLC ARNC 11.50 10/01/2031 395,000 417,284.00 0.10
04364VAK9 ASCENT RESOURCES UTICA HOLDINGS LLC / AR ASCRES 9.00 11/01/2027 800,000 814,936.00 0.20
04364VAU7 ASCENT RESOURCES UTICA HOLDINGS LLC / AR ASCRES 5.88 06/30/2029 500,000 491,424.00 0.12
045086AM7 ASHTON WOODS USA LLC / ASHTON WOODS FINA ASHWOO 4.63 08/01/2029 2,043,000 1,920,172.00 0.47
045086AP0 ASHTON WOODS USA LLC / ASHTON WOODS FINA ASHWOO 4.63 04/01/2030 500,000 461,189.00 0.11
045941AA9 ASURION LLC/ ASURION CO-ISSUER INC ASUCOR 8.00 12/31/2032 715,000 666,743.00 0.16
049362AA4 ALLIED UNIVERSAL HOLDCO LLC/ALLIED UNIVE UNSEAM 4.63 06/01/2028 1,150,000 1,115,128.00 0.27
053773BC0 AVIS BUDGET CAR RENTAL LLC / AVIS BUDGET CAR 5.75 07/15/2027 315,000 314,741.00 0.08
053773BE6 AVIS BUDGET CAR RENTAL LLC / AVIS BUDGET CAR 5.75 07/15/2027 582,000 580,146.00 0.14
05464CAC5 AXON ENTERPRISE INC AXON 6.13 03/15/2030 300,000 297,371.00 0.07
05480AAA3 AZORRA FINANCE LTD AZORRA 7.75 04/15/2030 1,410,000 1,437,107.00 0.35
05480AAB1 AZORRA FINANCE LTD AZORRA 7.25 01/15/2031 415,000 416,242.00 0.10
05480AAC9 AZORRA FINANCE LTD AZORRA 6.25 02/15/2034 175,000 164,525.00 0.04
05508WAD7 B&G FOODS INC BGS 11.00 06/15/2031 455,000 355,545.00 0.09
05552BAA4 LBM ACQUISITION LLC USLBMH 6.25 01/15/2029 365,000 198,044.00 0.05
058498AZ9 BALL CORP BALL 6.00 06/15/2029 620,000 619,582.00 0.15
071734AD9 BAUSCH HEALTH COS INC BHCCN 7.00 01/15/2028 50,000 47,269.00 0.01
071734AH0 BAUSCH HEALTH COS INC BHCCN 5.00 01/30/2028 25,000 23,327.00 0.01
071734AJ6 BAUSCH HEALTH COS INC BHCCN 5.25 01/30/2030 25,000 18,669.00 0.00
071734AK3 BAUSCH HEALTH COS INC BHCCN 6.25 02/15/2029 25,000 21,024.00 0.01
071734AL1 BAUSCH HEALTH COS INC BHCCN 5.25 02/15/2031 50,000 33,901.00 0.01
071734AM9 BAUSCH HEALTH COS INC BHCCN 5.00 02/15/2029 25,000 20,560.00 0.00
071734AN7 BAUSCH HEALTH COS INC BHCCN 4.88 06/01/2028 215,000 204,031.00 0.05
071734AQ0 BAUSCH HEALTH COS INC BHCCN 11.00 09/30/2028 929,000 971,182.00 0.24
07556QBV6 BEAZER HOMES USA INC BZH 8.00 01/15/2032 175,000 167,979.00 0.04
09216NAA8 BLACK PEARL COMPUTE LLC BLKPRL 6.13 02/15/2031 1,390,000 1,360,406.00 0.33
095796AJ7 BLUE RACER MIDSTREAM LLC / BLUE RACER FI BLURAC 7.00 07/15/2029 405,000 408,645.00 0.10
097751CA7 BOMBARDIER INC BBDBCN 8.75 11/15/2030 625,000 654,184.00 0.16
097751CB5 BOMBARDIER INC BBDBCN 7.25 07/01/2031 820,000 837,269.00 0.20
103304BV2 BOYD GAMING CORP BYD 4.75 06/15/2031 1,379,000 1,278,704.00 0.31
105340AP8 BRANDYWINE OPERATING PARTNERSHIP LP BDN 4.55 10/01/2029 675,000 617,995.00 0.15
105340AQ6 BRANDYWINE OPERATING PARTNERSHIP LP BDN 3.95 11/15/2027 1,000,000 974,701.00 0.24
105340AS2 BRANDYWINE OPERATING PARTNERSHIP LP BDN 8.88 04/12/2029 125,000 129,562.00 0.03
105340AT0 BRANDYWINE OPERATING PARTNERSHIP LP BDN 6.13 01/15/2031 270,000 253,410.00 0.06
11135RAA3 BROADSTREET PARTNERS GROUP LLC BROPAR 5.88 04/15/2029 500,000 479,715.00 0.12
11283YAB6 BROOKFIELD RESIDENTIAL PROPERTIES INC / BRPCN 6.25 09/15/2027 1,272,000 1,262,885.00 0.31
11283YAD2 BROOKFIELD RESIDENTIAL PROPERTIES INC / BRPCN 4.88 02/15/2030 1,175,000 1,071,000.00 0.26
118230AQ4 BUCKEYE PARTNERS LP BPL 3.95 12/01/2026 225,000 224,225.00 0.05
12008RAN7 BUILDERS FIRSTSOURCE INC BLDR 5.00 03/01/2030 105,000 99,996.00 0.02
1248EPBT9 CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CHTR 5.13 05/01/2027 1,410,000 1,400,637.00 0.34
1248EPBX0 CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CHTR 5.00 02/01/2028 3,895,000 3,816,041.00 0.93
1248EPCB7 CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CHTR 5.38 06/01/2029 355,000 339,875.00 0.08
12511VAA6 CHURCHILL DOWNS INC CHDN 5.75 04/01/2030 375,000 366,175.00 0.09
12543DBH2 CHS/COMMUNITY HEALTH SYSTEMS INC CYH 6.00 01/15/2029 1,175,000 1,142,805.00 0.28
12543DBM1 CHS/COMMUNITY HEALTH SYSTEMS INC CYH 5.25 05/15/2030 1,700,000 1,544,269.00 0.38
12597YAC3 CP ATLAS BUYER INC AMBATH 9.75 07/15/2030 175,000 143,044.00 0.03
126307AQ0 CSC HOLDINGS LLC CSCHLD 5.50 04/15/2027 1,400,000 676,725.00 0.16
126307AS6 CSC HOLDINGS LLC CSCHLD 5.38 02/01/2028 200,000 93,639.00 0.02
126307AY3 CSC HOLDINGS LLC CSCHLD 7.50 04/01/2028 830,000 173,201.00 0.04
126307AZ0 CSC HOLDINGS LLC CSCHLD 6.50 02/01/2029 200,000 90,255.00 0.02
126307BB2 CSC HOLDINGS LLC CSCHLD 4.13 12/01/2030 200,000 92,852.00 0.02
126307BD8 CSC HOLDINGS LLC CSCHLD 4.63 12/01/2030 200,000 35,966.00 0.01
126307BF3 CSC HOLDINGS LLC CSCHLD 3.38 02/15/2031 200,000 90,343.00 0.02
126315AA8 CSDC FINANCE I LLC CLSPRK 7.88 10/01/2031 220,000 217,869.00 0.05
12769GAA8 CAESARS ENTERTAINMENT INC CZR 4.63 10/15/2029 2,500,000 2,320,883.00 0.56
12769GAB6 CAESARS ENTERTAINMENT INC CZR 7.00 02/15/2030 625,000 614,017.00 0.15
143658BY7 CARNIVAL CORP LTD CCL 5.75 03/15/2030 425,000 418,536.00 0.10
143658CA8 CARNIVAL CORP LTD CCL 5.75 08/01/2032 855,000 819,516.00 0.20
143658CB6 CARNIVAL CORP LTD CCL 5.13 05/01/2029 1,315,000 1,287,629.00 0.31
144567AA2 CARRIX INC CARRIX 6.13 08/01/2033 80,000 76,697.00 0.02
146869AM4 CARVANA CO CVNA 9.00 06/01/2031 2,314,600 2,482,691.00 0.60
14950KAA4 CAVALIER ACQUISITION CORP CAVACQ 8.25 08/15/2033 175,000 175,611.00 0.04
15135BAV3 CENTENE CORP CNC 3.38 02/15/2030 425,000 385,224.00 0.09
15135BAW1 CENTENE CORP CNC 3.00 10/15/2030 1,675,000 1,466,085.00 0.36
15135BAX9 CENTENE CORP CNC 2.50 03/01/2031 829,000 702,179.00 0.17
15135BAZ4 CENTENE CORP CNC 2.63 08/01/2031 477,000 401,060.00 0.10
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15853BAA9 CHAMPION IRON CANADA INC CIACN 7.88 07/15/2032 280,000 270,514.00 0.07
17253NAA5 CIPHER COMPUTE LLC CIFR 7.13 11/15/2030 905,000 909,135.00 0.22
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17888HAC7 SM ENERGY CO SM 8.63 11/01/2030 500,000 517,339.00 0.13
18060TAD7 CLARIOS GLOBAL LP / CLARIOS US FINANCE C POWSOL 6.75 02/15/2030 50,000 50,040.00 0.01
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18064PAC3 CLARIVATE SCIENCE HOLDINGS CORP CLVTSC 3.88 07/01/2028 887,000 849,830.00 0.21
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18453HAF3 CLEAR CHANNEL OUTDOOR HOLDINGS INC CCO 7.88 04/01/2030 200,000 203,282.00 0.05
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18972EAB1 CLYDESDALE ACQUISITION HOLDINGS INC NOVHOL 8.75 04/15/2030 775,000 747,872.00 0.18
18972EAC9 CLYDESDALE ACQUISITION HOLDINGS INC NOVHOL 6.88 01/15/2030 175,000 171,666.00 0.04
18972EAD7 CLYDESDALE ACQUISITION HOLDINGS INC NOVHOL 6.75 04/15/2032 405,000 385,838.00 0.09
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192120AA1 COEUR MINING INC CDE 6.88 04/01/2032 240,000 241,757.00 0.06
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21871DAG8 CORELOGIC INC CLGX 9.00 08/01/2031 930,000 885,675.00 0.22
21871DAH6 CORELOGIC INC CLGX 12.00 02/01/2032 495,000 450,014.00 0.11
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21925AAQ8 CORNERSTONE CHEMICAL CO LLC CRNRCH 10.00 05/07/2029 236,845 201,318.00 0.05
21925DAA7 CORNERSTONE BUILDING BRANDS INC CNR 6.13 01/15/2029 150,000 16,520.00 0.00
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22303XAA3 REWORLD HOLDING CORP CVA 4.88 12/01/2029 1,725,000 1,610,189.00 0.39
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22788CAA3 CROWDSTRIKE HOLDINGS INC CRWD 3.00 02/15/2029 800,000 752,533.00 0.18
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233104AA6 DCLI BIDCO LLC DIRCHA 7.75 11/15/2029 1,165,000 1,175,748.00 0.29
23317XAA5 DDC 01 PROPCO LLC DDRIVE 8.88 09/30/2031 300,000 287,194.00 0.07
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25525PAE7 DIVERSIFIED HEALTHCARE TRUST DHC 7.25 10/15/2030 165,000 164,161.00 0.04
26154DAB6 DREAM FINDERS HOMES INC DFH 6.88 09/15/2030 505,000 470,609.00 0.11
278768AC0 ECHOSTAR CORP ECHO 10.75 11/30/2029 1,975,000 2,119,051.00 0.52
28035QAB8 EDGEWELL PERSONAL CARE CO EPC 4.13 04/01/2029 225,000 212,958.00 0.05
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28734DAA3 ELK GROVE VILLAGE PROPERTY LLC ELKGVP 7.50 06/15/2031 265,000 249,804.00 0.06
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302635AN7 FS KKR CAPITAL CORP FSK 6.88 08/15/2029 400,000 392,302.00 0.10
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303250AF1 FAIR ISAAC CORP FAIRIC 4.00 06/15/2028 1,860,000 1,776,447.00 0.43
31556TAA7 FERTITTA ENTERTAINMENT LLC / FERTITTA EN FRTITA 4.63 01/15/2029 450,000 429,330.00 0.10
31556TAC3 FERTITTA ENTERTAINMENT LLC / FERTITTA EN FRTITA 6.75 01/15/2030 200,000 189,562.00 0.05
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33767DAB1 FIRSTCASH INC FCFS 4.63 09/01/2028 100,000 96,838.00 0.02
33834YAC2 FIVE POINT OPERATING CO LP FPH 8.00 10/01/2030 540,000 536,684.00 0.13
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34417VAE7 FOCUS FINANCIAL PARTNERS LLC FOCS 7.25 09/15/2031 45,000 43,782.00 0.01
345397A86 FORD MOTOR CREDIT CO LLC F 4.13 08/17/2027 200,000 197,757.00 0.05
345397C27 FORD MOTOR CREDIT CO LLC F 4.95 05/28/2027 200,000 199,526.00 0.05
345397C35 FORD MOTOR CREDIT CO LLC F 7.35 11/04/2027 425,000 432,281.00 0.11
346232AE1 FORESTAR GROUP INC FOR 5.00 03/01/2028 775,000 756,526.00 0.18
34966MAA0 FORTRESS INTERMEDIATE 3 INC PSDO 7.50 06/01/2031 800,000 797,962.00 0.19
35640GAA4 FREEDOM MORTGAGE HOLDINGS LLC FREMOR 8.00 02/01/2032 225,000 210,391.00 0.05
35640YAJ6 FREEDOM MORTGAGE CORP FREMOR 6.63 01/15/2027 650,000 650,058.00 0.16
35640YAL1 FREEDOM MORTGAGE CORP FREMOR 12.25 10/01/2030 500,000 530,625.00 0.13
35641AAA6 FREEDOM MORTGAGE HOLDINGS LLC FREMOR 9.25 02/01/2029 880,000 887,840.00 0.22
35641AAE8 FREEDOM MORTGAGE HOLDINGS LLC FREMOR 6.88 05/01/2031 1,415,000 1,294,587.00 0.31
36168QAL8 GFL ENVIRONMENTAL INC GFLCN 4.00 08/01/2028 1,110,000 1,079,256.00 0.26
36168QAN4 GFL ENVIRONMENTAL INC GFLCN 4.75 06/15/2029 475,000 456,040.00 0.11
36168QAP9 GFL ENVIRONMENTAL INC GFLCN 4.38 08/15/2029 920,000 873,904.00 0.21
36170JAA4 GGAM FINANCE LTD GGAMFI 8.00 06/15/2028 1,275,000 1,301,575.00 0.32
36273TAB6 GFL ENVIRONMENTAL HOLDINGS US INC GFLCN 5.63 07/01/2031 515,000 489,082.00 0.12
36312LAC4 GAINWELL ACQUISITION CORP GAINAC 9.00 09/01/2031 705,000 720,777.00 0.18
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38016LAA3 GO DADDY OPERATING CO LLC / GD FINANCE C GDDY 5.25 12/01/2027 1,100,000 1,094,795.00 0.27
38016LAC9 GO DADDY OPERATING CO LLC / GD FINANCE C GDDY 3.50 03/01/2029 600,000 556,684.00 0.14
380355AH0 GOEASY LTD GSYCN 9.25 12/01/2028 335,000 332,368.00 0.08
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382550BT7 GOODYEAR TIRE & RUBBER CO/THE GT 8.88 07/15/2032 280,000 265,586.00 0.06
38869AAA5 GRAPHIC PACKAGING INTERNATIONAL LLC GPK 4.75 07/15/2027 1,040,000 1,024,073.00 0.25
38869AAB3 GRAPHIC PACKAGING INTERNATIONAL LLC GPK 3.50 03/15/2028 400,000 382,644.00 0.09
38869AAD9 GRAPHIC PACKAGING INTERNATIONAL LLC GPK 3.75 02/01/2030 150,000 137,191.00 0.03
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389375AN6 GRAY MEDIA INC GTN 9.63 07/15/2032 275,000 269,790.00 0.07
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42704LAE4 HERC HOLDINGS INC HRI 6.63 06/15/2029 905,000 905,474.00 0.22
42704LAF1 HERC HOLDINGS INC HRI 7.00 06/15/2030 1,060,000 1,067,107.00 0.26
42704LAH7 HERC HOLDINGS INC HRI 5.75 03/15/2031 950,000 913,491.00 0.22
427056AU0 HERCULES LLC ASH 6.50 06/30/2029 200,000 199,610.00 0.05
428040DC0 HERTZ CORP/THE HTZ 12.63 07/15/2029 290,000 198,009.00 0.05
431318AS3 HILCORP ENERGY I LP / HILCORP FINANCE CO HILCRP 6.25 11/01/2028 925,000 921,555.00 0.22
431318AU8 HILCORP ENERGY I LP / HILCORP FINANCE CO HILCRP 5.75 02/01/2029 1,030,000 1,010,602.00 0.25
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431318AY0 HILCORP ENERGY I LP / HILCORP FINANCE CO HILCRP 6.00 04/15/2030 235,000 227,595.00 0.06
431571AF5 HILLENBRAND INC HI 6.25 02/15/2029 330,000 321,246.00 0.08
432833AP6 HILTON DOMESTIC OPERATING CO INC HLT 5.88 04/01/2029 380,000 377,352.00 0.09
44267DAE7 HOWARD HUGHES CORP/THE HHH 4.13 02/01/2029 225,000 213,651.00 0.05
44267DAG2 HOWARD HUGHES CORP/THE HHH 5.88 03/01/2032 490,000 466,461.00 0.11
44332PAG6 HUB INTERNATIONAL LTD HBGCN 5.63 12/01/2029 500,000 482,913.00 0.12
443628AH5 HUDBAY MINERALS INC HBMCN 6.13 04/01/2029 1,195,000 1,181,485.00 0.29
445587AE8 HUNT COS INC HUNTCO 5.25 04/15/2029 1,425,000 1,345,010.00 0.33
449691AC8 ILIAD HOLDING SAS ILIADH 7.00 10/15/2028 2,575,000 2,571,131.00 0.63
449691AF1 ILIAD HOLDING SAS ILIADH 8.50 04/15/2031 200,000 207,130.00 0.05
45174HBG1 IHEARTCOMMUNICATIONS INC IHRT 4.75 01/15/2028 1,190,000 1,080,570.00 0.26
45344LAJ2 CRESCENT ENERGY FINANCE LLC CRGYFN 9.75 10/15/2030 275,000 288,208.00 0.07
46206AAC6 ION PLATFORM FINANCE US INC / ION PLATFO IONPLA 4.63 05/01/2028 195,000 180,042.00 0.04
46206AAE2 ION PLATFORM FINANCE US INC / ION PLATFO IONPLA 5.00 05/01/2028 285,000 264,932.00 0.06
46284VAF8 IRON MOUNTAIN INC IRM 4.88 09/15/2029 230,000 219,473.00 0.05
469815AL8 JACOBS ENTERTAINMENT INC JACENT 6.75 02/15/2029 550,000 531,928.00 0.13
47232MAG7 JEFFERIES FINANCE LLC / JFIN CO-ISSUER C JEFFIN 6.63 10/15/2031 425,000 406,824.00 0.10
48666KAX7 KB HOME KBH 6.88 06/15/2027 82,000 82,018.00 0.02
48666KAY5 KB HOME KBH 4.80 11/15/2029 800,000 758,951.00 0.18
489399AR6 KENNEDY-WILSON INC KW 7.00 06/01/2031 1,080,000 1,064,208.00 0.26
489399AS4 KENNEDY-WILSON INC KW 7.25 06/01/2033 405,000 396,237.00 0.10
50012LAF1 KODIAK GAS SERVICES LLC KGS 5.88 04/01/2031 605,000 582,281.00 0.14
50050NAA1 KONTOOR BRANDS INC KTB 4.13 11/15/2029 1,375,000 1,283,162.00 0.31
50190EAA2 LCM INVESTMENTS HOLDINGS II LLC MAGLLC 4.88 05/01/2029 925,000 882,573.00 0.21
504917105 LABELS BUYER LLC NPV — 0.00 — 384 26,880.00 0.01
504917113 LABELS BUYER LLC WTS 29/04/33 (TO SUB FO — 0.00 04/29/2033 142 7 0.00
504917121 LABELS BUYER LLC LABL 12.00 06/30/2175 158 111,126.00 0.03
513075BW0 LAMAR MEDIA CORP LAMR 4.88 01/15/2029 330,000 319,783.00 0.08
513272AC8 LAMB WESTON HOLDINGS INC LW 4.88 05/15/2028 350,000 342,621.00 0.08
513272AD6 LAMB WESTON HOLDINGS INC LW 4.13 01/31/2030 225,000 208,665.00 0.05
52109SAB5 LBM ACQUISITION LLC USLBMH 9.50 06/15/2031 644,000 469,969.00 0.11
527298BT9 LEVEL 3 FINANCING INC LVLT 3.75 07/15/2029 69,000 63,617.00 0.02
53219LAU3 LIFEPOINT HEALTH INC RGCARE 5.38 01/15/2029 1,725,000 1,640,541.00 0.40
53219LAV1 LIFEPOINT HEALTH INC RGCARE 9.88 08/15/2030 1,975,000 2,046,699.00 0.50
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53523LAB6 LINDBLAD EXPEDITIONS LLC LIND 7.00 09/15/2030 400,000 401,274.00 0.10
536797AE3 LITHIA MOTORS INC LAD 4.63 12/15/2027 300,000 295,742.00 0.07
536797AG8 LITHIA MOTORS INC LAD 3.88 06/01/2029 825,000 772,503.00 0.19
536797AJ2 LITHIA MOTORS INC LAD 5.50 10/01/2030 370,000 354,699.00 0.09
550241AA1 LUMEN TECHNOLOGIES INC LUMN 5.38 06/15/2029 250,000 235,387.00 0.06
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552953CH2 MGM RESORTS INTERNATIONAL MGM 4.75 10/15/2028 825,000 799,975.00 0.19
552953CK5 MGM RESORTS INTERNATIONAL MGM 6.13 09/15/2029 1,350,000 1,323,841.00 0.32
55305BAS0 M/I HOMES INC MHO 4.95 02/01/2028 425,000 417,455.00 0.10
55305BAV3 M/I HOMES INC MHO 3.95 02/15/2030 500,000 463,497.00 0.11
553283AF9 MPH ACQUISITION HOLDINGS LLC MLTPLN 11.50 12/31/2030 162,477 149,299.00 0.04
553283AG7 MPH ACQUISITION HOLDINGS LLC MLTPLN 5.75 12/31/2030 603,229 463,678.00 0.11
55342UAH7 MPT OPERATING PARTNERSHIP LP / MPT FINAN MPW 5.00 10/15/2027 508,000 495,166.00 0.12
55342UAQ7 MPT OPERATING PARTNERSHIP LP / MPT FINAN MPW 8.50 02/15/2032 150,000 146,067.00 0.04
55609NAC2 DAE AIRFINANCE HOLDINGS LTD DUBAEE 6.40 03/26/2029 645,000 651,555.00 0.16
55760LAA5 MADISON IAQ LLC MADIAQ 4.13 06/30/2028 635,000 619,602.00 0.15
55760LAB3 MADISON IAQ LLC MADIAQ 5.88 06/30/2029 860,000 844,719.00 0.21
55939AAA5 MAGNERA CORP MAGN 7.25 11/15/2031 275,000 262,878.00 0.06
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57701RAM4 MATTAMY GROUP CORP MATHOM 4.63 03/01/2030 875,000 818,504.00 0.20
57763RAE7 MAUSER PACKAGING SOLUTIONS HOLDING CO BWY 7.88 04/15/2030 1,480,000 1,478,430.00 0.36
57779EAA6 MAXIM CRANE WORKS HOLDINGS CAPITAL LLC CLDCRN 11.50 09/01/2028 940,000 974,492.00 0.24
58990CAA1 MERIDIAN ARC HOLDCO LLC MERIDI 6.25 04/30/2031 3,185,000 2,950,812.00 0.72
59155LAA0 MAVIS TIRE EXPRESS SERVICES TOPCO CORP EOCGRO 6.50 05/15/2029 400,000 390,022.00 0.09
59833DAB6 MIDWEST GAMING BORROWER LLC / MIDWEST GA MWGAME 4.88 05/01/2029 1,475,000 1,412,216.00 0.34
601137AA0 MILLROSE PROPERTIES INC MRP 6.38 08/01/2030 950,000 928,531.00 0.23
601137AB8 MILLROSE PROPERTIES INC MRP 6.25 09/15/2032 405,000 385,282.00 0.09
601137AD4 MILLROSE PROPERTIES INC MRP 6.75 10/15/2031 190,000 187,282.00 0.05
603051AD5 MINERAL RESOURCES LTD MINAU 8.50 05/01/2030 150,000 153,683.00 0.04
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62886EAY4 NCR VOYIX CORP VYX 5.00 10/01/2028 1,100,000 1,053,049.00 0.26
62886EBA5 NCR VOYIX CORP VYX 5.13 04/15/2029 900,000 852,427.00 0.21
62886HBG5 NCL CORP LTD NCLH 7.75 02/15/2029 178,000 180,991.00 0.04
62886HBP5 NCL CORP LTD NCLH 6.25 03/01/2030 673,000 646,364.00 0.16
62886HBR1 NCL CORP LTD NCLH 6.75 02/01/2032 260,000 241,138.00 0.06
62886HBY6 NCL CORP LTD NCLH 5.88 01/15/2031 400,000 365,935.00 0.09
62922LAC2 NGL ENERGY OPERATING LLC / NGL ENERGY FI NGL 8.13 02/15/2029 265,000 269,334.00 0.07
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629377CQ3 NRG ENERGY INC NRG 3.38 02/15/2029 1,625,000 1,516,419.00 0.37
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62957HAQ8 NABORS INDUSTRIES INC NBR 8.88 08/15/2031 250,000 252,991.00 0.06
638962AA8 NCR ATLEOS CORP NCRATL 9.50 04/01/2029 675,000 706,562.00 0.17
63938CAK4 NAVIENT CORP NAVI 5.00 03/15/2027 1,175,000 1,169,060.00 0.28
63938CAL2 NAVIENT CORP NAVI 4.88 03/15/2028 1,625,000 1,580,754.00 0.38
640695AA0 NEPTUNE BIDCO US INC NLSN 9.29 04/15/2029 1,760,000 1,777,388.00 0.43
64083YAA9 NESCO HOLDINGS II INC NSCO 5.50 04/15/2029 750,000 726,932.00 0.18
64438WAA5 NEW FLYER HOLDINGS INC NFICN 9.25 07/01/2030 515,000 546,846.00 0.13
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64828TAC6 RITHM CAPITAL CORP RITM 8.00 07/15/2030 545,000 529,129.00 0.13
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983793AK6 XPO INC XPO 7.13 02/01/2032 135,000 136,073.00 0.03
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985923101 ARDAGH HOLDINGS SA 2,610,588.00 0.00 — 59 309 0.00
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98877DAH8 ZF NORTH AMERICA CAPITAL INC ZFFNGR 7.50 03/24/2031 230,000 226,347.00 0.06
98919VAC9 ZAYO GROUP HOLDINGS INC ZAYO 6.25 03/09/2030 118,325 117,011.00 0.03
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B8AENG7Z6 RADIATE HOLDCO LLC — 7.69 06/26/2029 120,000 119,775.00 0.03
B8AF4EPT3 LABL INC — 8.64 05/11/2033 458,345 381,572.00 0.09
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BL3169069 CSC HOLDINGS LLC CSCHLD 8.25 04/15/2027 515,862 259,994.00 0.06
BL3572783 FIRST BRANDS GROUP LLC TRICGR 14.24 03/30/2028 1,200,796 288 0.00
BL3580315 CORNERSTONE BUILDING BRANDS INC CNR 7.24 04/12/2028 970,078 397,732.00 0.10
BL3652478 SKILLSOFT FINANCE II INC SKIL 9.05 07/14/2028 789,166 374,853.00 0.09
BL3674951 ASURION LLC ASUCOR 9.33 01/20/2029 527,000 521,919.00 0.13
BL3856764 VIASAT INC VSAT 8.51 03/02/2029 613,284 617,117.00 0.15
BL3925031 IRIS HOLDING INC ITPCN 8.67 06/28/2028 486,298 459,250.00 0.11
BL4045797 TENNECO INC TENINC 8.83 11/17/2028 623,853 623,610.00 0.15
BL4047090 TENNECO INC TENINC 8.50 11/17/2028 257,603 257,281.00 0.06
BL4063485 ALTICE FINANCING SA ALTICE 8.75 10/31/2027 414,267 242,002.00 0.06
BL4417558 CLUE OPCO LLC FWRD 8.34 12/19/2030 660,000 649,525.00 0.16
BL4454486 VENATOR FINANCE SARL VNTR 17.75 10/12/2028 763,708 15,274.00 0.00
BL4587764 MAGNERA CORP MAGN 8.07 11/04/2031 376,093 376,093.00 0.09
BL4671105 LBM ACQUISITION LLC USLBMH 7.54 06/06/2031 177,370 124,425.00 0.03
BL4680841 CLARIOS GLOBAL LP POWSOL 6.19 05/06/2030 906,257 905,578.00 0.22
BL4755601 LIFEPOINT HEALTH INC RGCARE 7.50 05/16/2031 392,185 375,305.00 0.09
BL4756492 ASURION LLC ASUCOR 8.07 09/19/2030 1,882,891 1,831,996.00 0.45
BL4789857 TRIDENT TPI HOLDINGS INC TEKNI 7.48 09/15/2028 3,249,197 3,149,869.00 0.77
BL4799260 XPLORE INC /NB BARXPL 9.08 10/24/2029 277,518 258,092.00 0.06
BL4799294 XPLORE INC /NB BARXPL 6.00 10/24/2031 1,018,321 695,004.00 0.17
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BL4843068 CATAWBA NATION GAMING AUTHORITY CATNAT 8.57 03/29/2032 230,000 231,552.00 0.06
BL4871903 ACRISURE LLC ACRISU 6.69 11/06/2030 244,230 195,995.00 0.05
BL4883627 MCAFEE CORP MCFE 6.69 03/01/2029 1,489,405 1,357,593.00 0.33
BL4906568 CONNECT HOLDING II LLC BSPEED 7.94 04/03/2031 1,019,000 822,842.00 0.20
BL4922748 GRAFTECH GLOBAL ENTERPRISES INC EAF 9.81 12/21/2029 187,090 183,816.00 0.04
BL4922755 GRAFTECH GLOBAL ENTERPRISES INC EAF 9.73 12/21/2029 106,909 105,038.00 0.03
BL4938413 VENATOR FINANCE SARL VNTR 10.75 12/31/2027 419,656 314,742.00 0.08
BL4940195 J&J VENTURES GAMING LLC JJVEGA 7.19 04/26/2030 806,951 793,265.00 0.19
BL4964328 NCR ATLEOS CORP NCRATL 6.19 09/27/2028 231,290 230,351.00 0.06
BL4989184 QUIKRETE HOLDINGS INC QUIKHO 5.94 02/10/2032 221,625 221,328.00 0.05
BL4993855 MPH ACQUISITION HOLDINGS LLC MLTPLN 7.57 12/31/2030 806,945 808,761.00 0.20
BL4993863 MPH ACQUISITION HOLDINGS LLC MLTPLN 8.68 12/31/2030 403,605 337,010.00 0.08
BL5042678 VISTA MANAGEMENT HOLDING INC VSTJET 7.48 04/01/2031 363,301 364,209.00 0.09
BL5118916 BINGO HOLDINGS I LLC AGS 8.48 06/30/2032 470,250 465,900.00 0.11
BL5133808 INMAR INC INMARI 8.27 10/30/2031 67,827 63,419.00 0.02
BL5147105 CP ATLAS BUYER INC AMBATH 8.94 07/08/2030 242,351 198,304.00 0.05
BL5159126 RADIATE HOLDCO LLC RADIAT 8.80 09/25/2029 5,384,542 4,786,211.00 1.16
BL5184058 ALLIED UNIVERSAL HOLDCO LLC UNSEAM 6.94 08/20/2032 821,030 821,908.00 0.20
BL5229192 NCR ATLEOS CORP NCRATL 6.98 04/16/2029 630,322 627,959.00 0.15
BL5250164 ZAYO GROUP HOLDINGS INC ZAYO 7.30 03/11/2030 567,112 567,146.00 0.14
BL5463841 HILCORP ENERGY I LP HILCRP 5.65 02/11/2030 270,875 270,084.00 0.07
BL5557741 ARC FALCON I INC NEWARC 8.18 04/01/2033 1,835,000 1,765,526.00 0.43
BL5606035 OAK-EAGLE ACQUIRECO INC EA 0.00 08/03/2029 1,775,000 1,775,000.00 0.43
BL5666096 DIGICEL INTERNATIONAL FINANCE LTD DLLTD 8.23 08/06/2032 1,190,724 1,199,285.00 0.29
BL5672847 MAVIS TIRE EXPRESS SERVICES TOPCO CORP EOCGRO 6.92 05/06/2033 1,120,458 1,108,604.00 0.27
BL5679818 CLARIOS GLOBAL LP POWSOL 6.19 01/28/2032 871,123 870,470.00 0.21
BL5682341 CIMPRESS USA INC CMPR 6.19 06/03/2033 948,357 945,986.00 0.23
BL5697992 DISCOVERY GLOBAL HOLDINGS INC WBD 6.19 06/03/2033 563,942 563,338.00 0.14
BL5770435 COREWEAVE FINANCING CRWV 5.50 09/01/2031 400,000 402,500.00 0.10
BL5772969 ARCHES BUYER INC ACOM 7.94 07/28/2031 375,000 365,625.00 0.09
BL5777372 SCIH SALT HOLDINGS INC MORTON 6.50 08/13/2031 222,000 220,113.00 0.05
BL5787710 CARVANA CO CVNA 5.94 08/15/2033 775,000 770,350.00 0.19
BL5793221 LAMBDA COMPUTE II LLC LAMBCM 6.63 12/31/2030 15,000 15,031.00 0.00
BL5798071 GFL ENVIRONMENTAL HOL GFLCN 5.69 08/29/2033 90,000 90,022.00 0.02
BLFHRK1 VENATOR MATERIALS PLC VNTRF 0.00 — 2,671 0 0.00
BNZHNG3 BELLIS ACQUISITION CO PLC ASSDLN 8.13 05/14/2030 400,000 505,148.00 0.12
BQ0G6D4 BELLIS ACQUISITION CO PLC ASSDLN 8.00 07/01/2031 278,000 309,842.00 0.08
BTZP1V0 ARDAGH GROUP SA ARGID 11.00 12/01/2030 416,500 432,978.00 0.11
CURRENCY CURRENCY — — — -481,114 -477,386.00 -0.12
FVZ6 COMDTY US 5YR NOTE (CBT) DEC26 FVZ6 0.00 12/31/2026 70,345,171 -1,880,807.00 -0.46
G2770C100 DIGICEL INTL FIN LTD Common Equity — 0.00 — 51,487 1,480,251.00 0.36
HPC1R8DQ0JT8DIG8 EUR/USD FWD 20261002 0997 EUR 0.00 10/02/2026 346,519 -1,519.00 -0.00
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K61J6QQC3BSIOF8U EUR/USD FWD 20261002 57918 EUR 0.00 10/02/2026 -346,519 12,546.00 0.00
SWZ97TFUYD6 ICE: (CDX.NA.HY.47.V1) — 5.00 12/22/2031 48,665,000 3,172,076.00 0.77
TUZ6 COMDTY US 2YR NOTE (CBT) DEC26 TUZ6 0.00 12/31/2026 55,095,570 -637,043.00 -0.15
TYZ6 COMDTY US 10YR NOTE (CBT)DEC26 TYZ6 0.00 12/21/2026 -6,981,609 265,830.00 0.06
WNZ6 COMDTY US ULTRA BOND CBT DEC26 WNZ6 0.00 12/21/2026 -103,593 7,725.00 0.00

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MANAGEMENT

PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Investments is a Prudential Financial and PGIM, Inc. affiliate. For more information on the fund's sub-advisors(s), please click here.

Robert Cignarella, CFA
Robert Cignarella, CFA

Managing Director and Head of PGIM's U.S. High Yield

Robert Cignarella, CFA is a Managing Director and Head of PGIM Credit's U.S. High Yield.

Robert Spano, CFA, CPA
Robert Spano, CFA, CPA

Managing Director and a High Yield Portfolio Manager

Robert Spano, CFA, CPA, is a Managing Director and a high yield portfolio manager for PGIM Credit's U.S. High Yield Bond Team.

Brian Clapp, CFA
Brian Clapp, CFA

Executive Director and Portfolio Manager

Brian Clapp, CFA, is an Executive Director and a high yield portfolio manager for PGIM Credit's U.S. High Yield Team.

Michael Gormally
Michael Gormally

Executive Director and Portfolio Manager and Trader

Credit

Michael Gormally is an Executive Director and portfolio manager and trader for PGIM Credit's U.S. High Yield Bond Team.

Brian Lalli
Brian Lalli

Executive Director and Portfolio Manager

Credit

Brian Lalli is an Executive Director and portfolio manager for PGIM Credit's U.S. High Yield Team.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading days closing market price or NAV. As of 9/30/2026, the Fund estimates that the most recent distribution will be paid from: 92% investment income; 0% net realized currency gains; 0% net realized capital gains; and 18% return of capital. The Distribution Rate is subject to change and is not a quotation of Fund performance. For more information about a distributions composition, refer to the distribution press release or section 19 notices located above. Please consult your tax advisor for further information. Investable Assets are the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of any outstanding preferred stock issued by the Fund, the principal amount of any borrowings, and the principal on any debt securities issued by the Fund. Average Maturity is the average number of years to maturity of the Funds bonds. Duration shown is leverage-adjusted. Duration measures investment risk that takes into account both a bond’s interest payments and its value to maturity. Fund Borrowing is leverage obtained through debt financing at the fund level. Notional Market Value is the total economic exposure of a fund’s portfolio, including exposure obtained through derivatives. Credit Quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moodys, S&P, or Fitch. The not rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses. All data is unaudited and subject to change.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.

PGIM Credit is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

Fund Literature

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document name audience updated order code
5955092    Ed. 09/2026