Objective

Seeks total return, through a combination of current income and capital appreciation. 

FUND INFORMATION
Style: Multi-Sector Bond (Interval Fund)
Total Net Assets: $108 Million
Dividends (Paid): Monthly
Dividends (Accrued):
Capital Gains: Annually

Investing in the PGIM Credit Income Fund (the “Fund”) involves risks, including the risk that a shareholder may receive little or no return on his or her investment or that a shareholder may lose part or all of his or her investment. The Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if they can sustain a complete loss of their investment. Below is a summary of some of the principal risks of investing in the Fund:

  • No History of Operations, as the Fund is a recently organized, diversified, closed-end management investment company with no history of operations or public trading and is subject to all of the business risks and uncertainties associated with any new business;
  • General, Market and Economic Risks which 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 (including those associated with COVID-19 or other infectious disease outbreaks);
  • Repurchase Offers Risk in which the Fund is an “interval fund” and, in order to provide liquidity to shareholders, the Fund, subject to applicable law, will conduct quarterly repurchase offers of the Fund’s outstanding common shares of beneficial interest (“Common Shares”) at NAV. There is no secondary market for the fund’s shares and none is expected to develop. Investors should consider shares of the fund to be an illiquid investment;
  • Illiquid Investment Risk, to the extent consistent with the applicable liquidity requirements for interval funds under Rule 23c-3 of the Investment Company Act of 1940 (the “1940 Act”), the Fund may invest without limit in illiquid securities;
  • Distributions Risk, as there can be no assurance that the Fund will achieve investment results that will allow the Fund to make a specified level of cash distributions or maintain certain levels of cash distributions. Distributions may constitute return of capital and may reduce an investor's adjusted tax basis. Any capital returned through distributions will be distributed after payment of fees and expenses;
  • Liquidity Risk, as the Fund is designed primarily for long-term investors and an investment in the Fund's Common Shares should be considered illiquid;
  • Valuation Risk, as the value of certain of the Fund's investments will be difficult to determine and the valuation determinations made by the Manager and Subadviser with respect to such investments will likely vary from the amounts the Fund would receive upon sale or disposition of such investments;
  • Loans Risk, since the Fund’s ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise) will depend primarily on the financial condition of the borrower;
  • Loan Origination Risk, as the level of analytical sophistication, both financial and legal, necessary for successful financing to companies, particularly companies experiencing significant business and financial difficulties, is high;
  • Mortgage-Backed and Asset-Backed Securities Risk, as mortgage-backed securities are particularly susceptible to prepayment and extension risks, because prepayments on the underlying mortgages tend to increase when interest rates fall and decrease when interest rates rise;
  • Structured Products Risk, as holders of structured product securities bear risks of the underlying investments, index or reference obligation;
  • Fixed Income Instruments Risk, as fixed income instruments are subject to a number of risks, including issuer risk, interest rate risk, floating-rate and fixed-to-floating-rate risk, prepayment risk, extension risk, reinvestment risk, spread riskand credit risk
  • Distressed and Defaulted Obligations Risk, as the below investment grade securities in which the Fund may invest also include, distressed, defaulted and partially defaulted loans.
  • Below Investment Grade (High Yield or Junk Bond) Instruments Risk, as the Fund’s investments in below investment grade quality securities and instruments are regarded as having predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal in accordance with the terms of the obligations and involve major risk exposure to adverse conditions;
  • Subprime Risk, as loans and debt instruments collateralized by loans acquired by the Fund may be, or may become, subprime in quality.
  • Inflation Risk, as wages and prices of inputs increasing during periods of inflation may negatively impact returns on the Fund's investments.
  • Derivatives Risk, as the Fund may invest in derivative instruments, such as options contracts, futures contracts, options on futures contracts, indexed securities, credit linked notes, credit default swaps and other swap agreements for investment, hedging and risk management purposes;
  • Leverage Risk, as the Fund may utilize leverage, but there can be no assurance that the Fund will do so, or that, if utilized, it will be successful during any period in which it is employed. Leverage is a speculative technique that exposes the Fund to greater risk and higher costs than if it were not implemented;
  • Allocation of Investment Opportunities Risk, since certain other existing or future funds, investment vehicles and accounts managed by the Manager and its affiliates and PGIM affiliated proprietary entities invest in securities, properties and other assets in which the Fund may seek to invest;
  • "Covenant-Lite" Risk, as some of the debt obligations, loans or other securities in which the Fund may invest or get exposure to may be "covenant-lite", which means the loans or obligations containe fewer financial maintenance covenants than other loans or obligations (in some cases, none).
  • Repurchase Agreement Risk, as repurchase agreements could involve certain risk in the event of default or insolvency of the seller, including losses and possible delays or restrictions upon the Fund's ability to dispose of the underlying securities.
  • U.S. Government and Agency Securities Risk, as U.S. Government and agency securities are subject to market risk, interest rate risk and credit risk. Not all U.S. Government securities are insured or guaranteed by the full faith and credit of the U.S. Government; some are only insured or guaranteed by the issuing agency, which must rely on its own resources to repay the debt.
  • Privately Issued Mortgage-Related Securities Risk, as there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Privately issued mortgage-related securities are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee.
  • Senior Debt Risk, as the restrictions on transfers in loan agreements, a lack of publicly available information and other factors may, in certain instances, make senior debt in which the Fund may invest more difficult to sell at an advantageous time or price than other types of securities or instruments.
  • Confidential Information Access Risk, as the Fund's subadviser may from time to time have the opportunity to receive material, non-public information about the issuers of certain investments, including, without limitation, senior floating rate loans, other loans and related investments being considered for acquisition by the Fund or held in the Fund’s portfolio.
  • Private Placements Risk, as any securities received by the Fund in a private placement generally are subject to strict restrictions on resale, and there may be no liquid secondary market or ready purchaser for such securities.
  • Non-U.S. Investment Risks, as the Fund may invest in non-U.S. investments, which may include investments denominated in U.S. dollars or in non-U.S. currencies, to the extent permitted by the 1940 Act.

Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. The risks associated with the Fund are more fully explained in the prospectus. There is no guarantee the Fund’s investment objective will be achieved.

Total Returns (%)

as of
RETURNS:
SALES CHARGE:
TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE
Cumulative Average Annual
Class Ticker 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.

See Daily Returns for the PGIM Credit Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.

See Daily Returns for the PGIM Credit Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.

Fund Expenses
Maximum sales charge (%)
Class
Gross (%)
Net (%)
Date*
A 89.57 3.80 12/06/2026
C 91.11 4.05 12/06/2026
Z 4.06 3.05 12/06/2026

*This date represents the contractual reduction date through which the net expense ratio is in effect.

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. If included, performance would be reduced. Total Returns (%) (With Sales Charges) describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

Prices

AS OF 09/05/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 24.97 0.05 0.20 25.74 10,452.81
C 25.04 0.05 0.20 10,441.81
Z 25.06 0.05 0.20 108,224,154.92

NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM Investments Mutual Funds.

52 Week High/Low

AS OF 09/05/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 26.19 09/27/2024 23.92 04/09/2025
C 26.17 09/27/2024 23.98 04/09/2025
Z 26.20 09/27/2024 24.00 04/09/2025

For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.

See Yields of other PGIM Investments Mutual Funds.

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.

This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Portfolio Attributes

AS OF 07/31/2025
Credit Quality (% of Assets)
Credit Quality
% of Assets
AAA 0.9%
AA 1.6%
A 4.2%
BBB 29.1%
BB 48.0%
B 37.5%
CCC 2.0%
Not Rated 12.7%
Cash/Equiv -35.8%
Sector Breakdown (% of Assets)
Sector Breakdown
% of Assets
High Yield Corporates 41.4%
Bank Loans 40.9%
ABS 19.6%
Commercial MBS 16.0%
Emerging Markets Hard Currency 7.9%
Inv Grade Corp 5.0%
Non Agency MBS 4.0%
U.S. Treasuries 0.9%
Foreign Govt Related 0.2%
Cash/Equiv -35.8%
Fund Statistics
AS OF 07/31/2025
Average Maturity (years) 11.2
Duration (years) 2.5

All data is unaudited and subject to change. Holdings/allocations may vary. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. 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. Negative holdings reflect outstanding trades at period end.

Fund Holdings

AS OF 07/31/2025

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.

© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, 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. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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 | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

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.

4072323 Ed. 12/2024

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares/Notional
Value ($)
% of Portfolio
BKLXG54 Virgin Media Secured Finance Plc VMED 4.25 01/15/2030 2,275,000.00 2,757,510.00 2.46
CURRENCY Currency 2,352,512.00 2,501,895.00 2.24
92840MAC6 Vistra Corp VST 7.0 06/15/2174 2,300,000.00 2,321,472.00 2.07
097751CA7 Bombardier Inc BBDBCN 8.75 11/15/2030 2,000,000.00 2,149,320.00 1.92
88676NBA4 Tikehau Us Clo Iii Ltd TKO 9.48 01/20/2036 2,000,000.00 2,007,818.00 1.79
629377CU4 NRG Energy Inc NRG 10.25 09/15/2173 1,800,000.00 1,985,436.00 1.77
69391NAA9 PMT Credit Risk Transfer Trust 2024-2r PMTCR 7.7 03/29/2027 1,778,953.00 1,796,793.00 1.61
73015AAA5 PMT Credit Risk Transfer Trust 2024-1r PMTCR 7.85 05/25/2033 1,768,770.00 1,789,605.00 1.60
B8AC6L2G5 Hurricane Cleanco Limited 6.25 10/31/2029 1,300,434.00 1,768,940.00 1.58
XS28110889 Monument Clo 1 Dac MNMNT 6.49 05/15/2037 1,500,000.00 1,733,715.00 1.55
36267QAA2 CLUE Opco Llc FWRD 9.5 10/15/2031 1,613,000.00 1,710,463.00 1.53
XS26150064 Monitchem Holdco 3 Sa CABBCO 8.75 05/01/2028 1,445,000.00 1,657,411.00 1.48
25470MAG4 DISH Network Corp DISH 11.75 11/15/2027 1,525,000.00 1,587,846.00 1.42
223929AJ9 CQS Us Clo 2023-3 Ltd CQS 8.52 01/25/2037 1,500,000.00 1,508,709.00 1.35
98877JAG7 Z CApital Credit Partners Bsl Clo 2024-1 ZBSL 7.97 04/16/2036 1,500,000.00 1,512,141.00 1.35
XS27199989 EG Global Finance Plc EGBLFN 11.0 11/30/2028 1,085,000.00 1,367,222.00 1.22
95003EAE6 Wells Fargo Commercial Mortgage Trust 20 WFCM 6.86 05/15/2031 1,300,000.00 1,296,823.00 1.16
983793AK6 XPO Inc XPO 7.13 02/01/2032 1,225,000.00 1,275,309.00 1.14
172967MV0 Citigroup Inc C 3.88 05/18/2174 1,233,000.00 1,218,005.00 1.09
XS27989855 Nassau Euro Clo Iv Dac NGCE 5.97 07/20/2038 1,000,000.00 1,162,074.00 1.04
XS28075106 Carlyle Euro Clo 2022-5 Dac CGMSE 6.09 04/25/2037 1,000,000.00 1,143,173.00 1.02
XS28315261 Barings Euro Clo 2024-1 Dac BABSE 6.52 07/20/2037 1,000,000.00 1,144,791.00 1.02
XS29045637 Hayfin Emerald Clo V Dac HAYEM 6.29 11/17/2037 1,000,000.00 1,142,576.00 1.02
B8ADKYD51 Constellation Automotive Grp Ltd 8.59 02/28/2031 1,000,000.00 1,134,780.00 1.01
B8ADKY7N9 Voodoo Sas 02/28/2030 1,000,000.00 1,114,743.00 1.00
527298BV4 Level 3 Financing Inc LVLT 11.0 11/15/2029 983,670.00 1,117,400.00 1.00
04940AAL6 Atlas Senior Loan Fund Xvi Ltd ATCLO 8.29 01/20/2034 1,100,000.00 1,100,259.00 0.98
552953CH2 MGM Resorts International MGM 4.75 10/15/2028 1,075,000.00 1,061,478.00 0.95
74970WAJ9 ROCK Trust 2024-cntr ROCC 8.82 11/13/2041 1,000,000.00 1,051,900.00 0.94
443628AH5 Hudbay Minerals Inc HBMCN 6.13 04/01/2029 1,050,000.00 1,055,796.00 0.94
12769GAA8 Caesars Entertainment Inc CZR 4.63 10/15/2029 1,100,000.00 1,039,974.00 0.93
BNZHNG3 Bellis Acquisition Co Plc ASSDLN 8.13 05/14/2030 825,000.00 1,034,024.00 0.92
48255UAS3 KKR Clo 43 Ltd KKR 9.27 01/15/2036 1,000,000.00 1,014,990.00 0.91
431318BC7 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 8.38 11/01/2033 975,000.00 1,018,407.00 0.91
92987LAL1 Wharf Commercial Mortgage Trust 2025-dc WHARF 7.72 07/01/2040 1,000,000.00 1,017,188.00 0.91
82811AAJ3 Silver Rock Clo Iii SLVRK 9.38 01/20/2036 1,000,000.00 1,002,411.00 0.90
67118VAJ8 OFSI Bsl Clo Xiii Ltd OFSBS 8.83 04/20/2037 1,000,000.00 1,003,682.00 0.90
37186XAY1 Genesis Sales Finance Master Trust GSFMT 6.26 12/20/2032 1,000,000.00 1,002,291.00 0.90
28623MBA6 Elevation Clo 2021-12 Ltd AWPT 9.69 04/20/2037 1,000,000.00 1,005,794.00 0.90
06875VAJ9 Barrow Hanley Clo Iii Ltd BARHN 8.48 04/20/2037 1,000,000.00 1,009,034.00 0.90
BL5098621 Brookfield Ppty Ret Hld BPYU 7.83 05/28/2030 1,000,000.00 1,002,188.00 0.90
XS30533663 Taurus 2025-3 Uk Designated Activity Co TAURS 07/20/2035 750,000.00 990,808.00 0.89
05613UAJ0 BX Trust 2025-dime BX 7.34 02/15/2030 1,000,000.00 996,755.00 0.89
05592AAL4 BPR Trust 2021-ty BPR 6.81 09/25/2038 1,000,000.00 995,035.00 0.89
67120UAN7 NYC Commercial Mortgage Trust 2025-3bp NYC 7.88 02/15/2042 1,000,000.00 992,496.00 0.89
38144GAG6 Goldman Sachs Group Inc/the GS 3.65 02/10/2173 1,000,000.00 977,806.00 0.87
66858HBG0 Northwoods Capital 22 Ltd WOODS 9.27 09/16/2031 950,000.00 951,441.00 0.85
682413AG4 ONE 2021-park Mortgage Trust ONP 5.96 03/15/2036 1,000,000.00 945,513.00 0.84
123912AJ6 BX Trust 2025-tail BX 7.64 06/15/2035 940,000.00 939,996.00 0.84
12433CAG0 BX Commercial Mortgage Trust 2024-airc BX 7.43 08/15/2039 936,195.00 938,529.00 0.84
05555HAN0 BFLD 2024-wrhs Mortgage Trust BFLD 8.03 08/15/2026 926,997.00 924,679.00 0.83
B8AE093V0 Parfums De Marly 09/01/2028 935,000.00 925,650.00 0.83
91282CLK5 United States Treasury Note/bond T 3.63 08/31/2029 915,000.00 904,777.00 0.81
880349AU9 Tenneco Inc TENINC 8.0 11/17/2028 900,000.00 893,448.00 0.80
23918KAT5 Davita Inc DVA 3.75 02/15/2031 975,000.00 884,477.00 0.79
109641AK6 Brinker International Inc EAT 8.25 07/15/2030 825,000.00 875,358.00 0.78
978097AG8 Wolverine World Wide Inc WWW 4.0 08/15/2029 975,000.00 878,468.00 0.78
77586RAX8 Romanian Government International Bond ROMANI 6.63 05/16/2036 870,000.00 870,000.00 0.78
00834BAK3 Affirm Asset Securitization Trust 2024-a AFFRM 9.17 02/15/2029 850,000.00 857,764.00 0.77
B8ADUQNJ6 Nidda Healthcare Hldg Gmbh 4.75 05/31/2032 650,000.00 858,422.00 0.77
B8ADVZ4C1 Denali Intermediate Hldg Inc 05/31/2032 848,345.00 839,861.00 0.75
845467AT6 Expand Energy Corp EXE 4.75 02/01/2032 850,000.00 825,572.00 0.74
89116CKP1 Toronto-dominion Bank/the TD 7.25 07/31/2084 785,000.00 814,407.00 0.73
780082AR4 Royal Bank Of Canada RY 7.5 05/02/2084 750,000.00 778,125.00 0.70
XS27199998 EG Global Finance Plc EGBLFN 11.0 11/30/2028 625,000.00 788,419.00 0.70
BMYGPJ1 Preem Holdings Ab PREEM 12.0 06/30/2027 656,000.00 769,364.00 0.69
05593VAN3 BX Trust 2025-roic BX 7.28 03/15/2030 747,086.00 733,124.00 0.66
08163XAC7 Benchmark 2024-v5 Mortgage Trust BMARK 2.97 01/01/2057 8,000,000.00 711,112.00 0.64
05555VAC3 BFLD 2024-vict Mortgage Trust BFLD 6.93 07/15/2041 700,000.00 698,253.00 0.62
BRCD5D3 Grifols Sa GRFSM 7.13 05/01/2030 580,000.00 697,549.00 0.62
62886HBN0 NCL Corp Ltd NCLH 8.13 01/15/2029 650,000.00 681,505.00 0.61
983133AA7 WYNN Resorts Finance Llc / Wynn Resorts WYNFIN 5.13 10/01/2029 675,000.00 669,591.00 0.60
XS29305389 LUGO Funding Dac LUGO 4.05 05/26/2066 600,000.00 666,125.00 0.60
BL0HM90 Ivory Coast Government International Bon IVYCST 5.88 10/17/2031 600,000.00 665,248.00 0.59
BL4795565 Hudson River Trading Llc HURVTR 7.31 03/18/2030 643,781.00 645,390.00 0.58
09660QAA2 BMO 2024-5c3 Xd BMO 2.86 02/01/2057 7,250,000.00 632,066.00 0.56
081927AH8 Benchmark 2024-v6 Mortgage Trust BMARK 3.26 03/01/2057 6,000,000.00 611,694.00 0.55
BL5164126 Froneri Us Inc ICECR 2.5 07/16/2032 600,000.00 597,843.00 0.53
B8ADRJ0H5 Clubcorp Holdings Inc 04/30/2032 588,775.00 583,946.00 0.52
B8ACXJ742 Dukes Education Group Ltd 8.12 11/25/2028 443,922.00 586,265.00 0.52
B8ADAMRM6 International Park Hldgs Bv 7.54 12/31/2031 500,000.00 565,585.00 0.51
131347CP9 Calpine Corp CPN 4.63 02/01/2029 575,000.00 565,172.00 0.51
445545AX4 Hungary Government International Bond REPHUN 6.75 09/23/2055 565,000.00 572,169.00 0.51
BL5083276 Voyager Parent Llc EVRI 9.04 07/01/2032 575,000.00 574,820.00 0.51
BNXM9K6 Herens Midco Sarl LNZING 5.25 05/15/2029 710,000.00 567,176.00 0.51
BL5040797 Asterix Acquico Gmbh ASACQG 6.94 03/29/2032 500,000.00 569,886.00 0.51
BL3572783 First Brands Group Llc TRICGR 13.04 03/30/2028 600,000.00 561,000.00 0.50
44267DAE7 Howard Hughes Corp/the HHH 4.13 02/01/2029 575,000.00 548,597.00 0.49
221625AV8 Ivory Coast Government International Bon IVYCST 8.08 04/01/2036 550,000.00 541,200.00 0.48
579063AB4 Mcafee Corp MCFE 7.38 02/15/2030 575,000.00 533,654.00 0.48
603051AE3 Mineral Resources Ltd MINAU 9.25 10/01/2028 500,000.00 521,250.00 0.47
BL5018603 Alltech Inc ALLTEC 8.69 08/13/2030 522,982.00 524,289.00 0.47
63861CAE9 Nationstar Mortgage Holdings Inc COOP 5.75 11/15/2031 500,000.00 504,291.00 0.45
12433FAG3 BX Commercial Mortgage Trust 2025-spot BX 6.83 04/15/2040 500,000.00 500,003.00 0.45
12433FAJ7 BX Commercial Mortgage Trust 2025-spot BX 8.03 04/15/2040 500,000.00 500,168.00 0.45
1248EPCK7 CCO Holdings Llc / Cco Holdings Capital CHTR 4.25 02/01/2031 548,000.00 500,072.00 0.45
BL4766582 Action Environmental Gro ACTENV 8.05 10/24/2030 490,297.00 489,070.00 0.44
BL4940195 J&J Ventures Gaming Llc JJVEGA 7.83 04/26/2030 500,000.00 495,000.00 0.44
BL4673614 Harbor Freight Tools HARFRE 6.58 06/11/2031 495,000.00 484,000.00 0.43
172967PK1 Citigroup Inc C 7.13 11/15/2173 470,000.00 480,994.00 0.43
80874DAA4 Scientific Games Holdings Lp/scientific SCGALO 6.63 03/01/2030 500,000.00 481,997.00 0.43
92676XAD9 Viking Cruises Ltd VIKCRU 5.88 09/15/2027 475,000.00 472,625.00 0.42
BL5035177 IVC Acquisition Ltd INDVET 9.33 12/12/2028 350,000.00 462,869.00 0.41
BL4990463 GFL Es Us Llc GFLCN 6.82 03/03/2032 450,000.00 450,000.00 0.40
BL4949832 Clarios Global Lp POWSOL 7.08 01/28/2032 425,000.00 425,177.00 0.38
BL4843290 Sandisk Corp SNDK 7.32 02/23/2032 427,500.00 425,896.00 0.38
98313RAH9 WYNN Macau Ltd WYNMAC 5.63 08/26/2028 425,000.00 420,367.00 0.38
92332YAF8 Venture Global Lng Inc VENLNG 9.0 03/30/2173 420,000.00 419,941.00 0.38
57779EAA6 Maxim Crane Works Holdings Capital Llc CLDCRN 11.5 09/01/2028 400,000.00 424,244.00 0.38
21979LAB2 Coronado Finance Pty Ltd CRNAU 9.25 10/01/2029 550,000.00 420,062.00 0.38
039955AJ8 ARES Trust 2025-ind3 ARES1 6.89 04/15/2027 420,000.00 419,737.00 0.38
BF2D3D5 Eskom Holdings Soc Ltd ESKOM 8.45 08/10/2028 404,000.00 426,220.00 0.38
B8ADQ6J27 Doncasters Us Fin Llc 04/01/2030 420,000.00 424,200.00 0.38
B8AE266B5 Envision Healthcare Operating Inc 12/31/2030 419,492.00 421,853.00 0.38
BL4803666 Qualitytech Lp QTS 7.83 11/04/2031 399,000.00 399,997.00 0.36
105756CM0 Brazilian Government International Bond BRAZIL 5.5 11/06/2030 400,000.00 400,700.00 0.36
BL5173515 Amneal Pharmaceuticals Llc AMNPHA 4.0 07/23/2032 400,000.00 399,500.00 0.36
BL3679885 Upstream Newco Inc UPSREH 8.79 11/20/2026 498,964.00 385,449.00 0.34
B8AE7TEL9 Savage Enterprises Llc 08/31/2032 375,000.00 375,000.00 0.34
74440E201 PGIM Core Ultra Short Bond Fund 4.51 12/01/2099 374,556.00 374,556.00 0.33
BL4985299 Boxer Parent Co Inc BMC 7.33 07/30/2031 370,946.00 370,772.00 0.33
96MJO2Q542 Eur/usd Fwd 20250902 955 EUR 09/02/2025 -14,374,391.00 361,533.00 0.32
BL4643443 Entain Plc ENTLN 7.02 10/31/2029 346,500.00 346,623.00 0.31
BL4985935 Focus Financial Partners Llc FOCS 7.08 09/15/2031 348,250.00 348,250.00 0.31
BL5019718 RED Spv Llc NWFOOD 6.56 03/15/2032 350,000.00 349,125.00 0.31
BL4938967 Gloves Buyer Inc PROINP 8.32 05/21/2032 350,000.00 342,125.00 0.31
BL4978765 Alliance Laundry Systems ALH 6.83 08/19/2031 350,000.00 349,875.00 0.31
BL5042678 Vista Management Holding VSTJET 8.04 03/18/2031 350,000.00 350,437.00 0.31
BL4808012 TPC Group Inc TPCG 9.95 11/21/2031 349,125.00 335,160.00 0.30
BFB5ML3 Mexico City Airport Trust MEXCAT 5.5 07/31/2047 400,000.00 335,072.00 0.30
BL4630911 NEON Maple Us Debt Merge NVEICN 7.33 11/17/2031 324,188.00 324,187.00 0.29
BL4765923 Belron Finance 2019 Llc BELRON 7.05 10/16/2031 322,563.00 323,268.00 0.29
854938AA5 STAR Leasing Co Llc TRAILR 7.63 02/15/2030 325,000.00 320,744.00 0.29
05593RAJ1 BMO 2024-5c5 Mortgage Trust BMO 2.48 02/01/2057 3,975,000.00 329,013.00 0.29
BL5101953 Gategroup Us Finance Inc GATESW 4.25 05/28/2032 325,000.00 324,593.00 0.29
BL5017431 TK Elevator Us Newco Inc THYELE 7.24 04/30/2030 317,182.00 318,767.00 0.28
BQC5P76 Braskem Netherlands Finance Bv BRASKM 8.5 01/12/2031 400,000.00 313,000.00 0.28
BZ97T10 Angolan Government International Bond ANGOL 9.5 11/12/2025 310,000.00 311,745.00 0.28
31556TAA7 Fertitta Entertainment Llc / Fertitta En FRTITA 4.63 01/15/2029 325,000.00 308,850.00 0.28
71654QDL3 Petroleos Mexicanos PEMEX 8.75 06/02/2029 300,000.00 315,687.00 0.28
BL4649028 GEON Performance Solutio GEPESO 8.81 08/18/2028 345,086.00 312,302.00 0.28
BL4417558 CLUE Opco Llc FWRD 8.78 12/19/2030 314,444.00 314,275.00 0.28
BL4587764 Magnera Corp MAGN 8.58 11/04/2031 299,250.00 296,912.00 0.27
BL4583441 Trulite Glass & Aluminum Solutions Llc TRUGLA 10.29 03/01/2030 317,969.00 303,660.00 0.27
BL4760684 Crosby Us Acquisition Corp CROSBY 7.83 08/16/2029 295,515.00 296,676.00 0.27
BL4769248 Jefferies Finance Llc JEFFIN 7.32 10/21/2031 298,500.00 298,873.00 0.27
BL5024205 Rockpoint Gas Storage Pa ROCGAS 7.3 09/18/2031 304,968.00 305,635.00 0.27
BL5118916 Bingo Holdings I Llc AGS 4.75 06/14/2032 300,000.00 300,249.00 0.27
BL4986859 ECO Material Tech Inc ECOMAT 7.47 02/12/2032 290,000.00 290,725.00 0.26
BL4811750 Grinding Media Inc GRIMED 7.83 10/12/2028 297,750.00 294,028.00 0.26
BG206C3 Angolan Government International Bond ANGOL 8.25 05/09/2028 300,000.00 290,250.00 0.26
146869AN2 Carvana Co CVNA 11.0 06/01/2030 275,000.00 287,674.00 0.26
11283YAG5 Brookfield Residential Properties Inc / BRPCN 5.0 06/15/2029 300,000.00 278,340.00 0.25
BL4653624 CPI Holdco B Llc CPIHLB 6.33 05/17/2031 275,000.00 274,656.00 0.25
B8ADX0WW1 Doncasters Us Finance Llc 10.8 04/23/2030 279,300.00 282,093.00 0.25
BL4985588 Athenahealth Group Inc ATHENA 7.08 02/15/2029 275,765.00 275,222.00 0.25
BL5049814 Madison Iaq Llc MADIAQ 7.51 05/06/2032 275,000.00 275,458.00 0.25
BL5133691 Nourish Buyer I Inc NOUBUY 4.5 07/08/2032 275,000.00 268,125.00 0.24
BL5133808 Inmar Inc INMARI 5.0 10/30/2031 272,440.00 273,291.00 0.24
BL4990398 Arsenal Aic Parent Llc ARNC 7.08 08/18/2030 265,490.00 265,600.00 0.24
BL4978666 Genesys Cloud Services GCTI 6.83 01/30/2032 272,752.00 272,343.00 0.24
BL4845451 TEI Holdings Inc CRIPRE 8.3 04/09/2031 274,000.00 272,287.00 0.24
BL4871903 Acrisure Llc ACRISU 7.33 11/06/2030 271,527.00 271,017.00 0.24
B8ADGKST8 NEW Generation Gas Gathering Llc 4.34 09/30/2029 275,675.00 271,539.00 0.24
BL4645844 Doncasters Finance Us Llc DONCAS 10.8 04/23/2030 266,625.00 269,291.00 0.24
BL4584548 Assuredpartners Inc ASSPAR 7.83 02/14/2031 265,391.00 265,817.00 0.24
BL4622678 Lumen Technologies Inc LUMN 6.79 04/15/2029 274,301.00 272,586.00 0.24
04433LAA0 Ashland Inc ASH 3.38 09/01/2031 300,000.00 263,694.00 0.24
278768AC0 Echostar Corp SATS 10.75 11/30/2029 250,000.00 263,433.00 0.24
67091TAF2 OCP Sa OCPMR 6.75 05/02/2034 260,000.00 270,375.00 0.24
BL3973320 Patagonia Holdco Llc PATAGO 10.05 08/01/2029 309,432.00 256,441.00 0.23
BL4763795 DAVE & Buster's Inc PLAY 7.56 11/01/2031 272,314.00 261,567.00 0.23
BL4922748 Graftech Global Enterpri EAF 10.32 11/11/2029 254,545.00 259,636.00 0.23
BL4843258 Discovery Energy Holding DISENE 8.05 05/01/2031 251,886.00 252,987.00 0.23
BL4978534 Belfor Holdings Inc BELFUS 7.33 11/01/2030 244,463.00 244,462.00 0.22
BL4978641 Recess Holdings Inc RECESS 8.03 02/20/2030 247,880.00 248,654.00 0.22
BL4985356 Azuria Water Solutn Inc AEGN 7.33 05/17/2028 246,269.00 246,730.00 0.22
BL5125440 Cinemark Usa Inc CNK 6.57 05/24/2030 246,266.00 247,035.00 0.22
BL5024569 Loire Finco Luxembourg LGCLTD 8.33 01/31/2030 249,375.00 250,933.00 0.22
BL4842664 Phoenix Guarantor Inc BRIHEA 6.83 02/21/2031 246,884.00 246,884.00 0.22
BL4778090 Azorra Soar Tlb Finance AZORRA 7.82 10/18/2029 248,125.00 248,125.00 0.22
BL4789972 MRC Global Us Inc MRC 7.8 10/29/2031 249,375.00 248,128.00 0.22
BL4045797 Tenneco Inc TENINC 9.42 11/17/2028 250,000.00 246,651.00 0.22
BL4070472 CSC Holdings Llc CSCHLD 8.81 01/18/2028 245,592.00 244,901.00 0.22
BL3425255 Gainwell Acquisition Corp MILACQ 8.4 10/01/2027 250,411.00 246,029.00 0.22
BDGLXV9 Autopistas Del Sol Sa/costa Rica AUTSOL 7.38 12/30/2030 244,936.00 242,983.00 0.22
BL3764356 AMG Nv AMGNA 7.94 11/30/2028 246,803.00 241,249.00 0.22
BL3624808 Hyster-yale Group Inc HY 7.94 05/26/2028 244,875.00 243,650.00 0.22
70932MAC1 Pennymac Financial Services Inc PFSI 5.75 09/15/2031 250,000.00 244,350.00 0.22
59284MAD6 Mexico City Airport Trust MEXCAT 5.5 07/31/2047 300,000.00 251,304.00 0.22
16115QAF7 Chart Industries Inc GTLS 7.5 01/01/2030 225,000.00 235,706.00 0.21
44644NAD1 Huntington Bank Auto Credit-linked Notes HACLN 9.6 05/20/2032 224,330.00 229,560.00 0.21
BL3910884 Lightstone Holdco Llc LGHTGN 10.03 01/29/2027 235,936.00 235,567.00 0.21
BKRZ847 Globo Comunicacao E Participacoes Sa GLOPAR 4.88 01/22/2030 250,000.00 235,875.00 0.21
BL4569150 Imagine Learning Llc/az WELDNE 7.83 12/21/2029 246,875.00 235,457.00 0.21
BL5011400 WIN Waste Innovations Ho WHETEC 8.19 03/24/2028 234,413.00 234,998.00 0.21
BL5126513 Bausch + Lomb Corp BLCOCN 8.57 01/15/2031 225,000.00 225,749.00 0.20
BMZ6D52 Colombia Telecomunicaciones Sa Esp COLTEL 4.95 07/17/2030 250,000.00 220,000.00 0.20
BL5164258 SGH2 Llc COLCAP 4.5 07/16/2032 225,000.00 225,000.00 0.20
BL5144268 Fortress Intermediate PSDO 7.32 06/27/2031 227,028.00 227,311.00 0.20
BL4994770 Covia Holdings Llc CVIA 7.55 02/26/2032 225,000.00 225,562.00 0.20
BL4883627 Mcafee Corp MCFE 7.33 03/01/2029 234,679.00 224,998.00 0.20
BL3643378 TGP Holdings Iii Llc TGPHLD 7.68 06/29/2028 249,768.00 228,615.00 0.20
BL4684736 Emrld Borrower Lp EMECLI 6.83 08/04/2031 222,066.00 222,065.00 0.20
B8ACXD562 NEW Generation Gas Gathering Llc 4.32 09/30/2029 229,730.00 226,283.00 0.20
B8ADVAEX9 NEW Generation Gas Gathering Llc 4.34 09/30/2029 229,729.00 226,283.00 0.20
BD35RT0 Ivory Coast Government International Bon IVYCST 5.25 03/22/2030 201,000.00 223,288.00 0.20
143658BR2 Carnival Corp CCL 6.0 05/01/2029 225,000.00 226,163.00 0.20
143658BY7 Carnival Corp CCL 5.75 03/15/2030 225,000.00 228,234.00 0.20
810186AW6 Scotts Miracle-gro Co/the SMG 4.38 02/01/2032 250,000.00 227,078.00 0.20
147918AC0 Cassa Depositi E Prestiti Spa CDEP 5.88 04/30/2029 200,000.00 207,936.00 0.19
50206BAA0 LD Celulose International Gmbh LNZAV 7.95 01/26/2032 200,000.00 209,100.00 0.19
BL5147105 CP Atlas Buyer Inc AMBATH 5.25 07/08/2030 225,000.00 213,750.00 0.19
BL5143047 Crown Finance Us Inc CINELN 8.83 12/02/2031 200,000.00 199,250.00 0.18
BL4950392 INDY Us Holdco Llc INDYUS 7.83 03/06/2028 206,819.00 206,948.00 0.18
BL4979144 Mavis Tire Express Servi EOCGRO 7.33 05/04/2028 199,001.00 199,213.00 0.18
36273XAA9 GS Mortgage Securities Corp Trust 2025-8 GSMS 7.0 11/25/2041 205,000.00 205,386.00 0.18
25381MAA5 Digicel International Finance Ltd / Difl DIGDIF 8.63 08/01/2032 200,000.00 201,460.00 0.18
05508WAB1 B&G Foods Inc BGS 5.25 09/15/2027 225,000.00 199,605.00 0.18
817477AJ1 Serbia International Bond SERBIA 6.0 06/12/2034 200,000.00 203,562.00 0.18
707569AS8 PENN Entertainment Inc PENN 5.63 01/15/2027 200,000.00 199,012.00 0.18
68560EAC2 Orbia Advance Corp Sab De Cv ORBIA 6.8 05/13/2030 200,000.00 204,536.00 0.18
35906ABG2 Frontier Communications Holdings Llc FYBR 6.75 05/01/2029 200,000.00 201,961.00 0.18
90932LAG2 United Airlines Inc UAL 4.38 04/15/2026 200,000.00 198,790.00 0.18
BL4687465 APRO Llc UNIPAC 8.06 07/09/2031 198,500.00 197,507.00 0.18
BL4766871 Tidal Waste & Recycling TIWARE 7.3 10/24/2031 199,500.00 200,623.00 0.18
BL4780815 Jupiter Buyer Inc ARCHKE 9.05 11/01/2031 201,220.00 202,225.00 0.18
BL3925031 IRIS Holding Inc ITPCN 9.13 06/28/2028 211,199.00 205,274.00 0.18
BL3493089 LBM Acquisition Llc USLBMH 8.18 12/17/2027 199,480.00 198,482.00 0.18
BL3473057 Trugreen Lp SVMSTR 8.43 11/02/2027 201,311.00 193,510.00 0.17
BL4047090 Tenneco Inc TENINC 9.17 11/17/2028 197,468.00 194,382.00 0.17
BL4124436 Asurion Llc ASUCOR 8.68 08/21/2028 196,482.00 194,599.00 0.17
BL4778223 Nouryon Finance Bv SPCHEM 7.51 04/03/2028 187,779.00 187,661.00 0.17
BL4789840 Sharp Services Llc SHPCOL 7.55 12/31/2028 191,592.00 192,550.00 0.17
BL4789857 Trident Tpi Holdings Inc TEKNI 8.05 09/15/2028 197,502.00 193,157.00 0.17
BL4811875 Cotiviti Inc VCVHHO 7.08 05/01/2031 196,015.00 195,524.00 0.17
BL4810455 Caesars Entertain Inc CZR 6.58 02/06/2031 196,004.00 195,819.00 0.17
BL4759843 Pegasus Bidco Bv REFRLN 7.58 07/12/2029 191,602.00 191,682.00 0.17
BL4666196 Univision Communications UVN 7.94 01/31/2029 196,000.00 194,897.00 0.17
749571AK1 RHP Hotel Properties Lp / Rhp Finance Co RHP 6.5 04/01/2032 190,000.00 194,110.00 0.17
513272AD6 LAMB Weston Holdings Inc LW 4.13 01/31/2030 200,000.00 190,043.00 0.17
BMVBZ33 Aydem Yenilenebilir Enerji As AYDEMT 7.75 02/02/2027 189,000.00 186,924.00 0.17
USP9190PAM Total Play Telecomunicaciones Sa De Cv TOTALP 11.13 12/31/2032 200,000.00 192,114.00 0.17
BL5004397 A-AP Buyer Inc AUSPOW 7.08 09/09/2031 174,125.00 174,995.00 0.16
BL5023736 PEER Holding Iii Bv ACTINA 6.8 10/26/2030 174,118.00 174,408.00 0.16
BL4979052 Great Outdoors Group Llc BASSPR 7.58 01/23/2032 176,438.00 176,349.00 0.16
BL4850956 VT Topco Inc VERCOR 7.33 08/09/2030 174,560.00 175,069.00 0.16
BL3911858 Blackstone Mortgage Tr BXMT 7.83 05/09/2029 180,423.00 180,422.00 0.16
BL4583235 Summer Bc Holdco B Sarl KANGRP 9.56 02/15/2029 174,559.00 171,940.00 0.15
BL4691277 Kronos Acquisition Holdi KIKCN 8.3 07/08/2031 196,967.00 168,735.00 0.15
21873SAB4 Coreweave Inc CRWV 9.25 06/01/2030 165,000.00 165,838.00 0.15
33834YAB4 FIVE Point Operating Co Lp / Five Point FPH 10.5 01/15/2028 150,000.00 151,516.00 0.14
13323NAA0 Camelot Return Merger Sub Inc CNR 8.75 08/01/2028 175,000.00 160,917.00 0.14
10554TAH8 Braskem Netherlands Finance Bv BRASKM 8.5 01/12/2031 200,000.00 156,500.00 0.14
55342UAM6 MPT Operating Partnership Lp / Mpt Finan MPW 3.5 03/15/2031 225,000.00 153,719.00 0.14
682691AH3 Onemain Finance Corp OMF 6.63 05/15/2029 150,000.00 153,175.00 0.14
B8AD3A2S4 Dukes Education Grp Ltd 11/27/2028 133,675.00 152,550.00 0.14
PIQESL6KPR Gbp/usd Fwd 20250804 5 GBP 08/04/2025 -3,832,362.00 153,010.00 0.14
BL4922755 Graftech Global Enterpri EAF 8.0 12/21/2029 145,455.00 148,363.00 0.13
BL4874147 Grant Thornton Advisors GRATHO 7.08 06/02/2031 148,877.00 148,938.00 0.13
BL4998375 Cppib Ovm Member Us Llc CPPOVM 7.05 08/20/2031 148,875.00 149,340.00 0.13
BL4990430 Veritiv Operating Co VRTV 8.3 11/30/2030 149,248.00 149,683.00 0.13
BL5116852 Apollo Cmmrl Real Est Fin In ARI 7.56 06/13/2030 150,000.00 148,875.00 0.13
BL5018546 Madison Safety & Flow MADSAF 7.08 09/26/2031 148,875.00 149,526.00 0.13
BL4687226 Brown Group Holding Llc SIGLN 6.81 07/01/2031 149,835.00 150,069.00 0.13
BL4789873 LC Ahab Us Bidco Llc AMAWAT 7.33 05/01/2031 148,498.00 148,219.00 0.13
BL4263655 MH Sub I Llc INET 8.58 05/03/2028 155,429.00 147,734.00 0.13
BL4485100 DS Parent Inc DAVSTA 9.8 01/31/2031 148,500.00 134,516.00 0.12
BL4783108 NCR Atleos Corp NCRATL 8.03 04/16/2029 134,400.00 135,340.00 0.12
315293308 Ferrellgas Partners Lp FGPRB 1,029.00 136,033.00 0.12
69331CAM0 PG&E Corp PCG 7.38 03/15/2055 125,000.00 120,595.00 0.11
91327TAA9 Uniti Group Lp / Uniti Group Finance 201 UNIT 10.5 02/15/2028 118,000.00 124,666.00 0.11
B0G1ND27S7 Gbp/usd Fwd 20250902 2568 GBP 09/02/2025 -4,994,298.00 117,898.00 0.11
BL4842698 Innio North America Hold ADVPW 6.76 11/02/2028 123,438.00 123,437.00 0.11
BL5055217 Herschend Entertainment HERFAM 7.57 05/27/2032 125,000.00 125,937.00 0.11
XS28092182 Lorca Telecom Bondco Sa LORCAT 5.75 04/30/2029 100,000.00 119,101.00 0.11
BMYD8L5 Ivory Coast Government International Bon IVYCST 4.88 01/30/2032 104,000.00 109,219.00 0.10
B8AD38TW1 NEW Generation Gas - Unfunded 09/30/2029 114,865.00 113,142.00 0.10
25470XAY1 DISH Dbs Corp DISH 7.75 07/01/2026 125,000.00 111,097.00 0.10
15853BAA9 Champion Iron Canada Inc CIACN 7.88 07/15/2032 110,000.00 112,304.00 0.10
11283YAB6 Brookfield Residential Properties Inc / BRPCN 6.25 09/15/2027 100,000.00 99,750.00 0.09
233104AA6 DCLI Bidco Llc DIRCHA 7.75 11/15/2029 95,000.00 96,905.00 0.09
469815AK0 Jacobs Entertainment Inc JACENT 6.75 02/15/2029 100,000.00 97,457.00 0.09
BL4752996 Paint Intermediate Iii PAIIII 7.3 10/09/2031 99,750.00 99,542.00 0.09
BL4687218 Brown Group Holding Llc SIGLN 6.83 07/01/2031 98,977.00 99,030.00 0.09
BL4071538 First Brands Group Llc TRICGR 9.54 03/30/2027 106,073.00 103,509.00 0.09
BL5162617 Crown Subsea Communicati SUBCOM 4.25 01/30/2031 99,748.00 100,184.00 0.09
BL5023744 PEER Holding Iii Bv ACTINA 6.8 07/01/2031 99,500.00 99,707.00 0.09
BL4845816 MH Sub I Llc INET 8.58 12/31/2031 105,197.00 93,519.00 0.08
B8ACYS253 Dukes Education Group Ltd 9.81 11/25/2028 67,561.00 89,224.00 0.08
B8ADVZ6S4 Denali Intermediate Hldg Inc 05/31/2032 84,834.00 83,986.00 0.08
146869AL6 Carvana Co CVNA 9.0 12/01/2028 85,941.00 88,033.00 0.08
04364VAK9 Ascent Resources Utica Holdings Llc / Ar ASCRES 9.0 11/01/2027 75,000.00 91,253.00 0.08
651229BG0 Newell Brands Inc NWL 8.5 06/01/2028 85,000.00 89,166.00 0.08
55342UAH7 MPT Operating Partnership Lp / Mpt Finan MPW 5.0 10/15/2027 100,000.00 91,736.00 0.08
97381AAA0 Windstream Services Llc / Windstream Esc WIN 8.25 10/01/2031 70,000.00 73,339.00 0.07
B8ACYS1X3 Dukes Education Group Ltd 9.85 11/25/2028 60,913.00 80,444.00 0.07
BL4431708 Jfl-tiger Acquisition Co HCCI 8.07 10/17/2030 74,433.00 74,433.00 0.07
BL4766657 Windstream Services Llc WIN 9.18 10/01/2031 75,000.00 75,281.00 0.07
BL4781086 Closure Systems Internat CAINGR 7.83 03/13/2029 74,251.00 74,437.00 0.07
B8AE3VHV3 Clubcorp Hldgs Inc 07/31/2032 63,997.00 63,472.00 0.06
05508WAC9 B&G Foods Inc BGS 8.0 09/15/2028 75,000.00 70,143.00 0.06
50106GAJ1 Kronos Acquisition Holdings Inc KIKCN 10.75 06/30/2032 100,000.00 66,765.00 0.06
XS29662403 Talktalk Telecom Group Ltd TALKLN 11.75 03/01/2028 401,774.00 53,060.00 0.05
V15H8O0KMR Gbp/usd Fwd 20250804 00187 GBP 08/04/2025 -1,336,827.00 58,885.00 0.05
02128LAC0 ALTA Equipment Group Inc ALTG 9.0 06/01/2029 45,000.00 42,741.00 0.04
B8AD39VG1 Dukes Education Grp Ltd 11/27/2028 34,427.00 39,287.00 0.04
B8ACYP7L9 Dukes Education Group Ltd 9.71 11/25/2028 25,178.00 33,251.00 0.03
B8AE3VDG0 Clubcorp Hldgs Inc 07/31/2032 38,398.00 38,083.00 0.03
FVU5 COMDT US 5yr Note (cbt) Sep25 FVU5 09/30/2025 8,329,234.00 34,970.00 0.03
BL4781144 Jupiter Buyer Inc ARCHKE 4.75 11/01/2031 23,276.00 23,392.00 0.02
25470XBB0 DISH Dbs Corp DISH 7.38 07/01/2028 25,000.00 19,183.00 0.02
25470XBD6 DISH Dbs Corp DISH 5.13 06/01/2029 25,000.00 18,235.00 0.02
B8A9598C3 Ferrellgas Escrow Llc 3/30/31 Preferred 8.96 03/30/2031 25,000.00 25,000.00 0.02
55342UAQ7 MPT Operating Partnership Lp / Mpt Finan MPW 8.5 02/15/2032 25,000.00 26,006.00 0.02
BL3910900 Lightstone Holdco Llc LGHTGN 10.03 01/29/2027 13,346.00 13,325.00 0.01
B8ACYS2F1 Dukes Education Group Ltd 8.43 11/25/2028 7,402.00 9,775.00 0.01
IQBU5 INDE BBG Ig Credit Fut Sep25 IQBU5 09/16/2025 4,133,400.00 15,836.00 0.01
SWB8ADG4K3 Scds: (pemex) 4.10000 Mar 23, 2026 4.1 03/23/2026 450,000.00 5,622.00 0.01
SWB8ADJ71C Scds: (pemex) 4.75.00000 07 May, 2026 4.75 05/07/2026 607,200.00 13,610.00 0.01
SWB8ADKUTC Scds: (argent) 5.0 09/20/2025 140,000.00 268.00 0.00
SWB8ADLSJ2 Scds: (argent) 5.00000 Sep 20, 2025 5.0 09/20/2025 121,000.00 232.00 0.00
SWB8ADQ1J2 Scds: (softbk) 1.0 06/22/2026 95,000.00 90.00 0.00
SWB8ADBQLQ Petroleos Mexicanos Cds 20251220 1.0 12/20/2025 156,000.00 -384.00 0.00
SWB8ADD5V2 Petroleos Mexicanos Cds 20251224 3.75 12/24/2025 166,760.00 1,334.00 0.00
JBQC12DDB7 Eur/usd Fwd 20250804 5 EUR 08/04/2025 -91,476.00 3,191.00 0.00
RKDJ64MB66 Gbp/usd Fwd 20250902 Bnpafrpp GBP 09/02/2025 -86,654.00 965.00 0.00
SWB8ACX1VG CDS: (gs_24-pc-a Jul 24) 1.65 08/02/2027 1,999,954.00 5,194.00 0.00
D4HJR5EOBR Eur/usd Fwd 20250804 Bnpafrpp EUR 08/04/2025 -20,158.00 594.00 0.00
5K7L22H4D2 Eur/usd Fwd 20250804 955 EUR 08/04/2025 -2,062,666.00 1,820.00 0.00
815DQBTEQ1 Eur/usd Fwd 20250902 00187 EUR 09/02/2025 9,532.00 -291.00 0.00
SWB8AD0RLA Scds: (pkstan) 1.0 09/20/2025 1,400,000.00 -7,236.00 -0.01
SWB8ADQQCR Scds: (ivycst) 1.0 06/20/2027 500,000.00 -11,861.00 -0.01
TUU5 COMDT US 2yr Note (cbt) Sep25 TUU5 09/30/2025 7,451,438.00 -7,467.00 -0.01
JRQCM0MFUI Eur/usd Fwd 20250804 Mslngb2x EUR 08/04/2025 2,174,300.00 -72,193.00 -0.06
B8ADN7NC1 RRP Mpt Operating Partnership Lp 4.75 12/31/2222 -112,750.00 -112,750.00 -0.10
70FL1TMK7Q Gbp/usd Fwd 20250804 2568 GBP 08/04/2025 5,169,189.00 -124,527.00 -0.11
B8ADN7ND9 RRP Lamb Weston Hldgs Inc 4.72 12/31/2222 -168,750.00 -168,750.00 -0.15
B8AE05Z01 RRP B&g Foods Inc 4.72 12/31/2222 -173,250.00 -173,250.00 -0.15
B8AE05Z27 RRP United Airlines Inc 4.68 12/31/2222 -183,750.00 -183,750.00 -0.16
B8ADV5E10 RRP Penn Entertainment Inc 4.72 12/31/2222 -180,750.00 -180,750.00 -0.16
B8ACXKV59 RRP Cassa Depositi E Prestiti Spa 4.79 12/31/2222 -181,750.00 -181,750.00 -0.16
B8ADV5E02 RRP Scotts Miracle Gro Co 4.72 12/31/2222 -199,063.00 -199,062.00 -0.18
B8AE05YZ5 RRP Carnival Corp 4.68 12/31/2222 -205,313.00 -205,312.00 -0.18
B8AE05Z43 RRP Carnival Corp 4.68 12/31/2222 -207,281.00 -207,281.00 -0.19
B8AE05Z50 RRP Echostar Corp 4.68 12/31/2222 -214,375.00 -214,375.00 -0.19
B8ADV5E28 RRP Chart Industries Inc 4.72 12/31/2222 -215,719.00 -215,718.00 -0.19
B8ADYVQS8 RRP Fertitta Entertainment 4.7 12/31/2222 -227,219.00 -227,218.00 -0.20
B8AD52FL1 RRP Pennymac Fin Svcs Inc 4.7 12/31/2222 -220,313.00 -220,312.00 -0.20
B8ADLT2P9 RRP Mexico City Arpt Tr 4.55 12/31/2222 -222,000.00 -222,000.00 -0.20
B8ACVHT10 RRP Ashland Llc 4.79 12/31/2222 -235,500.00 -235,500.00 -0.21
B8AD52FM9 RRP Ocp Sa 4.7 12/31/2222 -256,750.00 -256,750.00 -0.23
B8ADN7NE7 RRP Brookfield Residential Propert 4.72 12/31/2222 -252,375.00 -252,375.00 -0.23
B8AE05Z35 RRP Carvana Co 4.68 12/31/2222 -261,594.00 -261,593.00 -0.23
B8AE05Z19 RRP Star Leasing Co Llc 4.68 12/31/2222 -266,906.00 -266,906.00 -0.24
B8ADN7NG2 RRP Petroleos Mexicanos 4.72 12/31/2222 -265,500.00 -265,500.00 -0.24
B8AE80R11 RRP Venture Global Lng Inc 4.71 12/31/2222 -354,500.00 -354,500.00 -0.32
B8ACJD253 RRP Wynn Macau Ltd 4.82 12/31/2222 -363,906.00 -363,906.00 -0.33
B8ADLT2R5 RRP Maxim Crane Works Hldgs Cap 4.7 12/31/2222 -378,500.00 -378,500.00 -0.34
B8ACTHLL7 RRP Cco Hldgs Llc Cco Hldgs Cap Co 4.79 12/31/2222 -383,400.00 -383,400.00 -0.34
B8ADUQDZ1 RRP Ivory Coast 4.74 12/31/2222 -404,938.00 -404,937.00 -0.36
B8ACVHT02 RRP Citigroup Inc 4.79 12/31/2222 -415,363.00 -415,362.00 -0.37
B8ADLT2S3 RRP Mcafee Corp 4.7 12/31/2222 -418,750.00 -418,750.00 -0.37
B8ACZNPC3 RRP Nationstar Mtg Hldgs Inc 4.77 12/31/2222 -436,250.00 -436,250.00 -0.39
B8ADUQE23 RRP Citigroup Inc 4.74 12/31/2222 -435,000.00 -435,000.00 -0.39
B8ADUQDA6 RRP Viking Cruises Ltd 4.67 12/31/2222 -438,781.00 -438,781.00 -0.39
B8ADLT2N4 RRP Scientific Games Hldgs Lp 4.7 12/31/2222 -446,875.00 -446,875.00 -0.40
B8ADLT2U8 RRP Mineral Resources Ltd 4.67 12/31/2222 -467,500.00 -467,500.00 -0.42
B8ACZNPB5 RRP Calpine Corp 4.77 12/31/2222 -475,063.00 -475,062.00 -0.42
B8ACVHT28 RRP Howard Hughes Corp 4.79 12/31/2222 -470,063.00 -470,062.00 -0.42
B8AD52FN7 RRP Coronado Fin Pty Ltd 4.7 12/31/2222 -488,125.00 -488,125.00 -0.44
B8AE80R03 RRP Hungary Rep Of 4.57 12/31/2222 -520,800.00 -520,800.00 -0.47
B8ACVHT36 RRP Citigroup Inc 4.79 12/31/2222 -607,725.00 -607,725.00 -0.54
B8ACDQGX4 RRP Wynn Resorts Fin Llc 4.75 12/31/2222 -608,344.00 -608,343.00 -0.54
B8ACHL273 RRP Ncl Corp Ltd 4.79 12/31/2222 -637,813.00 -637,812.00 -0.57
B8ADN7NF4 RRP Brinker Intl Inc 4.72 12/31/2222 -679,000.00 -679,000.00 -0.61
B8ACMTHR0 RRP Davita Inc 4.68 12/31/2222 -711,750.00 -711,750.00 -0.64
B8ACBPEV4 RRP Southwestern Energy Co 4.79 12/31/2222 -743,750.00 -743,750.00 -0.66
B8ADLT2Q7 RRP Wolverine World Wide Inc 4.7 12/31/2222 -753,188.00 -753,187.00 -0.67
B8ACMTHQ2 RRP Tenneco Inc 4.68 12/31/2222 -766,125.00 -766,125.00 -0.68
B8AE80R29 RRP Romania Rep Of 4.57 12/31/2222 -802,575.00 -802,575.00 -0.72
B8ACJD2C8 RRP Hudbay Minerals Inc 4.82 12/31/2222 -836,250.00 -836,250.00 -0.75
B8ADUQE31 RRP Goldman Sachs Grp Inc 4.74 12/31/2222 -861,250.00 -861,250.00 -0.77
B8ACCS547 RRP Mgm Resorts Intl 4.75 12/31/2222 -907,031.00 -907,031.00 -0.81
B8ACJD246 RRP Caesars Entertainment Inc 4.82 12/31/2222 -915,750.00 -915,750.00 -0.82
B8ACBPEY8 RRP Hilcorp Energy I Hilcorp Fin C 4.79 12/31/2222 -1,012,781.00 -1,012,781.00 -0.90
B8AE3B5J7 RRP Level 3 Fin Inc 4.72 12/31/2222 -1,029,165.00 -1,029,164.00 -0.92
B8ACCS554 RRP Xpo Inc 4.75 12/31/2222 -1,148,438.00 -1,148,437.00 -1.03
B8ADV7P55 RRP Montichem Holdco 3 Sa 2.52 12/31/2222 -1,155,000.00 -1,318,086.00 -1.18
B8ADEFRN5 RRP Dish Network Corp 4.69 12/31/2222 -1,385,625.00 -1,385,625.00 -1.24
B8ACFX6U4 RRP Nrg Energy Inc 4.79 12/31/2222 -1,685,250.00 -1,685,250.00 -1.51
B8ACFX6V2 RRP Vistra Corp 4.79 12/31/2222 -2,072,875.00 -2,072,875.00 -1.85
B8ACG8CH0 RRP Bombardier Inc 4.79 12/31/2222 -2,085,000.00 -2,085,000.00 -1.86
B8ADV7P48 RRP Virgin Media Sec Fin Plc 4.77 12/31/2222 -1,680,250.00 -2,219,022.00 -1.98

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

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ABOUT

PGIM Fixed Income, with $862 billion in assets under management as of March 31, 2025, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach. PGIM Limited is also a subadvisor on this fund. 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.

Richard Piccirillo, Tyler Thorn, Edwin Wilches, and Brian Juliano of PGIM Fixed Income are primarily responsible for management of the PGIM Credit Income Fund (Interval Fund).

Richard Piccirillo
Richard Piccirillo

Managing Director and Co-head on PGIM Fixed Income's Multi-Sector Team

Richard Piccirillo is a Managing Director and one of the co-heads on the Multi-Sector Team at PGIM Fixed Income.

Tyler Thorn
Tyler Thorn

Principal and Portfolio Manager for PGIM Fixed Income's Multi-Sector Team

Tyler Thorn is a Principal and a portfolio manager on the Multi-Sector Team at PGIM Fixed Income.

Edwin Wilches, CFA
Edwin Wilches, CFA

Managing Director and Co-Head of PGIM Fixed Income Securitized Products team

Edwin Wilches, CFA, is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products team.

Brian Juliano
Brian Juliano

Managing Director and Head of the U.S. Leveraged Loan Team

PGIM Fixed Income

Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.

Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. 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: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, 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. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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 | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

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.

4746810   Ed. 8/2025

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