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Overall Morningstar Rating TM
Barron’s Best Fund Families 2024

Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.

Objective

To provide a high level of current income by investing primarily in higher-rated, 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.

Growth of $10,000

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 chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.

FUND INFORMATION
Style: High Yield Bond
Total Net Assets: $5.128 Billion
Dividends (Paid): Monthly
Dividends (Accrued): Daily
Capital Gains: Annually
Fund StatisticS
AS OF 10/31/2025
Name
Weight
Average Maturity (years) 3.40
Duration (years) 2.10
Standard Deviation (3 year) 3.85

Morningstar Ratings

AS OF 10/31/2025
Class A Shares
Overall (Out of 586 Funds)
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3-Year (Out of 586 Funds)
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5-Year (Out of 548 Funds)
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10-Year (Out of 441 Funds)
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Class C Shares
Overall (Out of 586 Funds)
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3-Year (Out of 586 Funds)
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5-Year (Out of 548 Funds)
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10-Year (Out of 441 Funds)
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Class R6 Shares
Overall (Out of 586 Funds)
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3-Year (Out of 586 Funds)
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5-Year (Out of 548 Funds)
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10-Year (Out of 441 Funds)
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Class Z Shares
Overall (Out of 586 Funds)
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3-Year (Out of 586 Funds)
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5-Year (Out of 548 Funds)
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10-Year (Out of 441 Funds)
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Source: Morningstar. The Morningstar Rating may be calculated based on its share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses its oldest class to determine its hypothetical rating for certain periods. The Fund’s Overall, 3-, 5-, and 10-year Star Ratings/Fund are, if applicable: 3/586.0, 2/586.0, 4/548.0 and 3/441.0, respectively. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Comparatively, exchange-traded funds and open-ended mutual funds are considered a single population. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistency, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating period

Barron's Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively.

PGIM Short Duration High Yield Income Fund (Class Z) ipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Short High Yield Funds category were: 43/75, 40/72, 11/61, and 3/50, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. 

Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 9/30/2025: 38/78, 20/70, 20/68, and 4/49, respectively. Past Performance is no guarantee of future results.

*Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.

The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.

Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. High yield (“junk”) bonds are subject to greater credit and market risks. Foreign securities are subject to currency fluctuations and political uncertainty. Derivatives may carry market, credit and liquidity risks. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.

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 Short Duration High Yield Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Short Duration High Yield Income Fund.

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

 

 

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A 1.04 1.00 12/31/2026 2.25
C 1.80 1.75 12/31/2026 1.00
R6 0.72 0.70 12/31/2026
Z 0.81 0.75 12/31/2026

*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. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return 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.

Morningstar High-Yield Bond Category Average: High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher- quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high- income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

Prices

AS OF 12/12/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 8.44 Loss -0.01 -0.12 8.63 413,173,518.89
C 8.44 Loss -0.01 -0.12 134,802,822.90
R6 8.45 Loss -0.01 -0.12 542,433,871.41
Z 8.45 N/C 0.00 0.00 4,105,921,241.02

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 12/12/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 8.55 09/16/2025 8.17 04/08/2025
C 8.55 09/16/2025 8.17 04/08/2025
R6 8.56 09/15/2025 8.18 04/08/2025
Z 8.55 09/16/2025 8.18 04/08/2025

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.

Yields

AS OF 11/30/2025
Class SEC 30-Day Subsidized Yield (%) SEC 30-Day Unsubsidized Yield (%) Offer Distb. Yield (%) NAV Distb. Yield (%) SEC-30 Day Sub Taxable Equivalent Yield (%)
A - View Prospectus 5.02 4.98 5.68 5.81
C - View Prospectus 4.38 4.33 5.06
R6 - View Prospectus 5.43 5.42 6.11
Z - View Prospectus 5.38 5.32 6.06

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 10/31/2025
Top 10 Corporate Issuers (% of Assets)
Top 10 Corporate Holdings
Fund (% of Assets)
Vistra 1.7%
Frontier Communications 1.7%
Next Alt Sarl 1.6%
Tenet Healthcare 1.4%
Charter Communications 1.3%
Medline Borrower 1.2%
Acrisure 1.2%
Venture Global 1.2%
Onemain 1.1%
Davita 1.1%
Credit Quality (% of Assets)
Credit Quality
% of Assets
AAA 7.7%
BBB 7.5%
BB 51.0%
B 23.5%
CCC 6.3%
Not Rated 3.5%
Cash/Equiv 0.5%
Largest Industries (% of Assets)
Largest Industries
% of Assets
Gaming & Lodging & Leisure 7.8%
Building Materials & Home Construction 6.9%
Health Care & Pharmaceutical 6.3%
Telecom 6.0%
Finance Companies 5.6%
Cable & Satellite 5.2%
Technology 5.2%
Retailers & Restaurants 4.5%
Electric & Water 4.1%
Energy - Upstream 3.9%
Geographic Concentration (% of Assets)
Geographic Concentration
% of Assets
United States 85.3%
Canada 5.7%
United Kingdom 2.0%
France 1.4%
Ireland 0.8%
Japan 0.6%
Zambia 0.6%
Switzerland 0.5%
Other 2.5%
Cash/Equiv 0.5%
FUND STATISTICS
AS OF 10/31/2025
Average Maturity
Years
Average Maturity (years) 3.4
Duration (years) 2.1
Standard Deviation (3 year) 3.85

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.

 

Fund Holdings

AS OF 10/31/2025

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 (PIMS), 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, 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. ©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
91282CNK3 United States Treasury Note/bond T 3.88 06/30/2030 211,225,000.00 212,842,191.00 4.14
74440W862 (pipa070) Pgim Core Government Money Mar 4.12 12/01/2099 95,863,462.00 95,863,462.00 1.87
92840VAF9 Vistra Operations Co Llc VST 5.0 07/31/2027 58,096,000.00 58,118,435.00 1.13
91282CMZ1 United States Treasury Note/bond T 3.88 04/30/2030 50,150,000.00 50,541,796.00 0.98
91282CNV9 United States Treasury Note/bond T 3.63 08/31/2027 49,285,000.00 49,294,625.00 0.96
88033GDR8 Tenet Healthcare Corp THC 4.38 01/15/2030 50,175,000.00 48,971,530.00 0.95
69344A834 PGIM Aaa Clo Etf PAAA 925,000.00 47,609,750.00 0.93
62482BAA0 Medline Borrower Lp MEDIND 3.88 04/01/2029 49,255,000.00 47,850,492.00 0.93
23918KAS7 Davita Inc DVA 4.63 06/01/2030 49,138,000.00 47,416,197.00 0.92
443628AJ1 Hudbay Minerals Inc HBMCN 4.5 04/01/2026 43,635,000.00 43,482,277.00 0.85
449691AC8 Iliad Holding Sas ILIADH 7.0 10/15/2028 42,994,000.00 43,609,244.00 0.85
BL5159126 Radiate Holdco Llc RADIAT 7.78 09/25/2029 54,623,027.00 43,152,191.00 0.84
35906ABE7 Frontier Communications Holdings Llc FYBR 5.88 10/15/2027 41,016,000.00 41,017,709.00 0.80
25470XAY1 DISH Dbs Corp DISH 7.75 07/01/2026 38,800,000.00 38,401,096.00 0.75
44267DAD9 Howard Hughes Corp/the HHH 5.38 08/01/2028 38,463,000.00 38,415,508.00 0.75
146869AN2 Carvana Co CVNA 9.0 06/01/2030 35,675,000.00 37,281,066.00 0.73
BL4070472 CSC Holdings Llc CSCHLD 8.53 01/18/2028 36,163,886.00 35,779,645.00 0.70
1248EPBT9 CCO Holdings Llc / Cco Holdings Capital CHTR 5.13 05/01/2027 34,254,000.00 34,058,788.00 0.66
57701RAJ1 Mattamy Group Corp MATHOM 5.25 12/15/2027 33,644,000.00 33,485,873.00 0.65
78410GAD6 SBA Communications Corp SBAC 3.88 02/15/2027 33,534,000.00 33,154,480.00 0.65
BL4883627 Mcafee Corp MCFE 7.09 03/01/2029 34,840,045.00 33,054,492.00 0.64
12769GAA8 Caesars Entertainment Inc CZR 4.63 10/15/2029 34,115,000.00 32,106,703.00 0.63
880349AU9 Tenneco Inc TENINC 8.0 11/17/2028 32,022,000.00 31,950,574.00 0.62
BL4756492 Asurion Llc ASUCOR 8.41 09/19/2030 30,922,279.00 30,844,973.00 0.60
1248EPBR3 CCO Holdings Llc / Cco Holdings Capital CHTR 5.5 05/01/2026 28,951,000.00 28,925,579.00 0.56
91282CNG2 United States Treasury Note/bond T 4.0 05/31/2030 27,650,000.00 28,012,906.00 0.55
629377CH3 NRG Energy Inc NRG 5.25 06/15/2029 27,775,000.00 27,896,734.00 0.54
11283YAB6 Brookfield Residential Properties Inc / BRPCN 6.25 09/15/2027 27,089,000.00 27,013,421.00 0.53
BL4789857 Trident Tpi Holdings Inc TEKNI 7.75 09/15/2028 27,929,034.00 27,205,867.00 0.53
097751BX8 Bombardier Inc BBDBCN 6.0 02/15/2028 26,747,000.00 26,811,192.00 0.52
35906ABF4 Frontier Communications Holdings Llc FYBR 5.0 05/01/2028 26,737,000.00 26,706,923.00 0.52
42704LAA2 HERC Holdings Inc HRI 5.5 07/15/2027 26,641,000.00 26,638,321.00 0.52
92332YAC5 Venture Global Lng Inc VENLNG 9.5 02/01/2029 24,176,000.00 26,030,094.00 0.51
853496AG2 Standard Industries Inc/ny BMCAUS 4.38 07/15/2030 25,225,000.00 24,336,118.00 0.47
78466CAC0 SS&C Technologies Inc SSNC 5.5 09/30/2027 24,250,000.00 24,250,966.00 0.47
143658CB6 Carnival Corp CCL 5.13 05/01/2029 23,590,000.00 23,884,695.00 0.47
89616RAC3 Trident Tpi Holdings Inc TEKNI 12.75 12/31/2028 22,115,000.00 23,612,681.00 0.46
045086AM7 Ashton Woods Usa Llc / Ashton Woods Fina ASHWOO 4.63 08/01/2029 24,382,000.00 23,125,493.00 0.45
16308NAA2 Olympus Water Us Holding Corp SOLEIN 7.13 10/01/2027 22,064,000.00 22,456,959.00 0.44
552953CF6 MGM Resorts International MGM 5.5 04/15/2027 22,250,000.00 22,368,046.00 0.44
77313LAA1 Rocket Mortgage Llc / Rocket Mortgage Co RKT 2.88 10/15/2026 22,619,000.00 22,213,074.00 0.43
88033GDM9 Tenet Healthcare Corp THC 4.25 06/01/2029 22,775,000.00 22,239,745.00 0.43
87265HAF6 TRI Pointe Homes Inc TPH 5.25 06/01/2027 21,693,000.00 21,733,833.00 0.42
90932LAG2 United Airlines Inc UAL 4.38 04/15/2026 21,132,000.00 21,089,365.00 0.41
00653VAA9 Adapthealth Llc ADAHEA 6.13 08/01/2028 20,850,000.00 20,843,496.00 0.41
00081TAK4 ACCO Brands Corp ACCO 4.25 03/15/2029 23,125,000.00 20,565,356.00 0.40
05508WAB1 B&G Foods Inc BGS 5.25 09/15/2027 21,526,000.00 20,712,983.00 0.40
131347CM6 Calpine Corp CPN 4.5 02/15/2028 20,460,000.00 20,397,240.00 0.40
53523LAA8 Lindblad Expeditions Llc LIND 6.75 02/15/2027 20,525,000.00 20,651,662.00 0.40
BL4871903 Acrisure Llc ACRISU 7.16 11/06/2030 20,372,187.00 20,333,989.00 0.40
345397B77 FORD Motor Credit Co Llc F 2.7 08/10/2026 20,425,000.00 20,123,889.00 0.39
131347CN4 Calpine Corp CPN 5.13 03/15/2028 19,970,000.00 19,969,385.00 0.39
12769GAB6 Caesars Entertainment Inc CZR 7.0 02/15/2030 19,499,000.00 20,072,456.00 0.39
07556QBR5 Beazer Homes Usa Inc BZH 5.88 10/15/2027 20,212,000.00 20,190,952.00 0.39
36170JAC0 GGAM Finance Ltd GGAMFI 8.0 02/15/2027 18,905,000.00 19,323,934.00 0.38
364760AP3 GAP Inc/the GAP 3.63 10/01/2029 20,950,000.00 19,699,888.00 0.38
70137TAP0 Parkland Corp PKICN 5.88 07/15/2027 19,798,000.00 19,743,357.00 0.38
92840VAH5 Vistra Operations Co Llc VST 4.38 05/01/2029 19,490,000.00 19,143,461.00 0.37
62886EAY4 NCR Voyix Corp VYX 5.0 10/01/2028 18,655,000.00 18,534,108.00 0.36
20752TAB0 Connect Finco Sarl / Connect Us Finco Ll ISATLN 9.0 09/15/2029 17,596,000.00 18,629,765.00 0.36
BL5117652 Acrisure Llc ACRISU 7.25 06/20/2032 18,520,678.00 18,543,829.00 0.36
335934AV7 First Quantum Minerals Ltd FMCN 9.38 03/01/2029 17,259,000.00 18,223,605.00 0.35
91282CLX7 United States Treasury Note/bond T 4.13 11/15/2027 18,000,000.00 18,184,218.00 0.35
BL4622678 Lumen Technologies Inc LUMN 6.63 04/15/2029 18,165,739.00 18,023,828.00 0.35
BL4645844 Doncasters Finance Us Llc DONCAS 10.5 04/23/2030 17,744,775.00 17,922,222.00 0.35
914906AY8 Univision Communications Inc UVN 8.0 08/15/2028 16,915,000.00 17,422,468.00 0.34
74165HAC2 Prime Healthcare Services Inc PRIHEA 9.38 09/01/2029 16,795,000.00 17,673,040.00 0.34
707569AS8 PENN Entertainment Inc PENN 5.63 01/15/2027 16,883,000.00 16,881,888.00 0.33
98313RAD8 WYNN Macau Ltd WYNMAC 5.5 10/01/2027 17,000,000.00 16,991,500.00 0.33
21873SAB4 Coreweave Inc CRWV 9.25 06/01/2030 16,665,000.00 16,803,378.00 0.33
22303XAA3 Reworld Holding Corp CVA 4.88 12/01/2029 18,180,000.00 17,066,279.00 0.33
BL5176344 Digicel Intl Finance Ltd DLLTD 9.49 07/30/2032 17,580,000.00 17,199,094.00 0.33
292554AQ5 Encore Capital Group Inc ECPG 9.25 04/01/2029 15,625,000.00 16,475,078.00 0.32
651229BF2 Newell Brands Inc NWL 6.38 05/15/2030 17,265,000.00 16,401,750.00 0.32
654744AC5 Nissan Motor Co Ltd NSANY 4.35 09/17/2027 16,930,000.00 16,579,718.00 0.32
85571BAY1 Starwood Property Trust Inc STWD 4.38 01/15/2027 16,420,000.00 16,282,267.00 0.32
BL4417558 CLUE Opco Llc FWRD 8.81 12/19/2030 16,474,196.00 15,921,618.00 0.31
315293308 Ferrellgas Partners Lp FGPRB 100,126.00 16,062,112.00 0.31
35640YAJ6 Freedom Mortgage Corp FREMOR 6.63 01/15/2027 16,050,000.00 16,084,283.00 0.31
57763RAD9 Mauser Packaging Solutions Holding Co BWY 7.88 04/15/2027 15,865,000.00 15,915,305.00 0.31
445587AE8 HUNT Cos Inc HUNTCO 5.25 04/15/2029 16,375,000.00 15,932,931.00 0.31
527298CB7 Level 3 Financing Inc LVLT 4.88 06/15/2029 15,855,000.00 15,216,492.00 0.30
58506DAA6 Medline Borrower Lp/medline Co-issuer In MEDIND 6.25 04/01/2029 14,860,000.00 15,291,056.00 0.30
013092AC5 Albertsons Cos Inc / Safeway Inc / New A ACI 4.63 01/15/2027 15,225,000.00 15,188,731.00 0.30
019579AA9 Allied Universal Holdco Llc/allied Unive UNSEAM 4.63 06/01/2028 15,516,000.00 15,157,425.00 0.30
98379KAA0 XPO Inc XPO 6.25 06/01/2028 14,875,000.00 15,182,998.00 0.30
893830BY4 Transocean International Ltd RIG 8.25 05/15/2029 15,280,000.00 15,356,400.00 0.30
70932MAB3 Pennymac Financial Services Inc PFSI 4.25 02/15/2029 15,600,000.00 15,152,978.00 0.30
63938CAK4 Navient Corp NAVI 5.0 03/15/2027 14,848,000.00 14,764,217.00 0.29
77311WAA9 Rocket Cos Inc RKT 6.13 08/01/2030 14,575,000.00 15,043,542.00 0.29
92332YAF8 Venture Global Lng Inc VENLNG 9.0 03/30/2173 16,175,000.00 15,117,961.00 0.29
59833DAB6 Midwest Gaming Borrower Llc / Midwest Ga MWGAME 4.88 05/01/2029 15,518,000.00 15,066,740.00 0.29
38016LAA3 GO Daddy Operating Co Llc / Gd Finance C GDDY 5.25 12/01/2027 15,010,000.00 14,999,793.00 0.29
303250AF1 FAIR Isaac Corp FAIRIC 4.0 06/15/2028 14,676,000.00 14,345,344.00 0.28
92840JAD1 Vistajet Malta Finance Plc / Vista Manag VSTJET 7.88 05/01/2027 14,033,000.00 14,256,545.00 0.28
B8AC2XVL0 Heritage Pwr Llc 217,638.00 14,472,927.00 0.28
670001AE6 Novelis Corp HNDLIN 4.75 01/30/2030 14,935,000.00 14,417,965.00 0.28
654922AB9 Nissan Motor Co Ltd NSANY 7.5 07/17/2030 13,685,000.00 14,327,373.00 0.28
733174AL0 Popular Inc BPOP 7.25 03/13/2028 13,700,000.00 14,279,373.00 0.28
7846ELAD9 SNF Group Saca SNFF 3.13 03/15/2027 14,392,000.00 14,048,750.00 0.27
963320BD7 Whirlpool Corp WHR 6.13 06/15/2030 13,818,000.00 13,693,505.00 0.27
92676XAF4 Viking Cruises Ltd VIKCRU 7.0 02/15/2029 13,325,000.00 13,382,164.00 0.26
BL4979144 Mavis Tire Express Servi EOCGRO 7.2 05/04/2028 13,252,952.00 13,273,653.00 0.26
682691AC4 Onemain Finance Corp OMF 3.88 09/15/2028 13,619,000.00 13,145,101.00 0.26
552953CH2 MGM Resorts International MGM 4.75 10/15/2028 13,589,000.00 13,505,405.00 0.26
552953CD1 MGM Resorts International MGM 4.63 09/01/2026 13,602,000.00 13,585,130.00 0.26
50190EAA2 LCM Investments Holdings Ii Llc MAGLLC 4.88 05/01/2029 13,511,000.00 13,161,916.00 0.26
12687GAA7 Cablevision Lightpath Llc CVLGHT 3.88 09/15/2027 13,680,000.00 13,392,135.00 0.26
031921AC3 Amwins Group Inc AMWINS 6.38 02/15/2029 12,513,000.00 12,752,980.00 0.25
69331CAH1 PG&E Corp PCG 5.0 07/01/2028 12,904,000.00 12,805,329.00 0.25
70052LAC7 PARK Intermediate Holdings Llc / Pk Dome PK 4.88 05/15/2029 13,050,000.00 12,679,781.00 0.25
62957HAJ4 Nabors Industries Inc NBR 7.38 05/15/2027 12,478,000.00 12,636,885.00 0.25
749571AF2 RHP Hotel Properties Lp / Rhp Finance Co RHP 4.75 10/15/2027 12,902,000.00 12,866,681.00 0.25
86765KAA7 Sunoco Lp / Sunoco Finance Corp SUN 7.0 09/15/2028 12,695,000.00 13,082,177.00 0.25
BL4964625 Boost Newco Borrower Llc WRLDPY 6.0 01/31/2031 12,922,071.00 12,922,071.00 0.25
92769XAP0 Virgin Media Secured Finance Plc VMED 5.5 05/15/2029 13,225,000.00 12,980,337.00 0.25
90932LAH0 United Airlines Inc UAL 4.63 04/15/2029 12,400,000.00 12,280,807.00 0.24
69354NAE6 PRA Group Inc PRAA 8.38 02/01/2028 12,050,000.00 12,227,243.00 0.24
460599AD5 Brightstar Lottery Plc IGT 6.25 01/15/2027 12,025,000.00 12,082,599.00 0.24
29163VAG8 Empire Communities Corp EMPRCC 9.75 05/01/2029 12,045,000.00 12,332,152.00 0.24
SWZ9796YTF ICE: (cdx.na.hy.45.v1) 5.0 12/20/2030 159,970,000.00 12,263,000.00 0.24
BL5258944 Numericable Us Llc SFRFP 10.86 05/30/2031 11,940,000.00 11,910,150.00 0.23
26884LBH1 EQT Corp EQT 7.5 06/01/2027 11,784,000.00 11,990,338.00 0.23
48666KAY5 KB Home KBH 4.8 11/15/2029 11,858,000.00 11,760,204.00 0.23
053773BE6 AVIS Budget Car Rental Llc / Avis Budget CAR 5.75 07/15/2027 12,078,000.00 12,031,419.00 0.23
63938CAL2 Navient Corp NAVI 4.88 03/15/2028 12,240,000.00 11,975,050.00 0.23
638962AA8 NCR Atleos Corp NCRATL 9.5 04/01/2029 11,006,000.00 11,882,624.00 0.23
66977WAV1 NOVA Chemicals Corp NCX 7.0 12/01/2031 11,280,000.00 11,958,604.00 0.23
92921EAA0 Voyager Parent Llc EVRI 9.25 07/01/2032 11,450,000.00 12,012,049.00 0.23
BL4808012 TPC Group Inc TPCG 9.77 11/24/2031 12,611,625.00 11,917,985.00 0.23
BL4680841 Clarios Global Lp POWSOL 6.66 05/06/2030 11,369,349.00 11,355,136.00 0.22
B8AC6L2G5 Hurricane Cleanco Limited 6.25 10/31/2029 8,255,752.00 11,462,695.00 0.22
91832VAA2 VOC Escrow Ltd VIKCRU 5.0 02/15/2028 11,350,000.00 11,304,032.00 0.22
68245XAJ8 1011778 Bc Ulc / New Red Finance Inc BCULC 4.38 01/15/2028 11,244,000.00 11,084,784.00 0.22
04364VAK9 Ascent Resources Utica Holdings Llc / Ar ASCRES 9.0 11/01/2027 9,709,000.00 11,481,781.00 0.22
18064PAC3 Clarivate Science Holdings Corp CLVTSC 3.88 07/01/2028 11,960,000.00 11,526,724.00 0.22
42704LAF1 HERC Holdings Inc HRI 7.0 06/15/2030 10,865,000.00 11,376,172.00 0.22
29365BAA1 Entegris Inc ENTG 4.75 04/15/2029 11,150,000.00 11,073,088.00 0.22
346232AE1 Forestar Group Inc FOR 5.0 03/01/2028 11,400,000.00 11,389,264.00 0.22
BMYGPJ1 Preem Ab PREEM 12.0 06/30/2027 9,360,000.00 11,048,814.00 0.22
05552BAA4 LBM Acquisition Llc USLBMH 6.25 01/15/2029 11,830,000.00 10,793,638.00 0.21
08949LAB6 BIG River Steel Llc / Brs Finance Corp BIGBRS 6.63 01/31/2029 10,701,000.00 10,717,273.00 0.21
65505PAA5 Noble Finance Ii Llc NEFINA 8.0 04/15/2030 10,350,000.00 10,732,828.00 0.21
87724RAA0 Taylor Morrison Communities Inc TMHC 5.88 06/15/2027 10,841,000.00 10,947,038.00 0.21
880779BA0 Terex Corp TEX 5.0 05/15/2029 10,970,000.00 10,767,494.00 0.21
983130AX3 WYNN Las Vegas Llc / Wynn Las Vegas Capi WYNNLV 5.25 05/15/2027 10,800,000.00 10,819,416.00 0.21
B8ADAMRM6 International Park Hldgs Bv 7.29 12/31/2031 9,350,000.00 10,588,675.00 0.21
92564RAH8 VICI Properties Lp / Vici Note Co Inc VICI 4.5 09/01/2026 10,120,000.00 10,123,678.00 0.20
92339LAA0 Veritiv Operating Co VRTV 10.5 11/30/2030 9,775,000.00 10,176,698.00 0.20
861036AB7 STL Holding Co Llc DSLDHM 8.75 02/15/2029 9,587,000.00 10,048,292.00 0.20
854938AA5 STAR Leasing Co Llc TRAILR 7.63 02/15/2030 11,115,000.00 10,516,810.00 0.20
77340RAT4 Rockies Express Pipeline Llc ROCKIE 4.8 05/15/2030 10,745,000.00 10,512,627.00 0.20
82088KAK4 SHEA Homes Lp / Shea Homes Funding Corp SHEAHM 4.75 02/15/2028 10,625,000.00 10,521,360.00 0.20
68622TAA9 Organon & Co / Organon Foreign Debt Co-i OGN 4.13 04/30/2028 10,608,000.00 10,085,180.00 0.20
737446AP9 POST Holdings Inc POST 5.5 12/15/2029 10,010,000.00 10,020,534.00 0.20
00489LAK9 Acrisure Llc / Acrisure Finance Inc ACRISU 8.25 02/01/2029 9,711,000.00 10,120,890.00 0.20
18972EAB1 Clydesdale Acquisition Holdings Inc NOVHOL 8.75 04/15/2030 10,415,000.00 10,441,959.00 0.20
17302XAM8 Citgo Petroleum Corp CITPET 6.38 06/15/2026 10,350,000.00 10,356,364.00 0.20
36168QAP9 GFL Environmental Inc GFLCN 4.38 08/15/2029 10,471,000.00 10,213,622.00 0.20
31556TAC3 Fertitta Entertainment Llc / Fertitta En FRTITA 6.75 01/15/2030 11,339,000.00 10,511,258.00 0.20
25470MAG4 DISH Network Corp DISH 11.75 11/15/2027 10,000,000.00 10,522,551.00 0.20
431318AU8 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 5.75 02/01/2029 10,303,000.00 10,098,201.00 0.20
603051AE3 Mineral Resources Ltd MINAU 9.25 10/01/2028 9,683,000.00 10,147,203.00 0.20
57779EAA6 Maxim Crane Works Holdings Capital Llc CLDCRN 11.5 09/01/2028 9,365,000.00 9,941,865.00 0.19
50050NAA1 Kontoor Brands Inc KTB 4.13 11/15/2029 10,306,000.00 9,804,716.00 0.19
50168AAA8 LABL Inc LABL 10.5 07/15/2027 14,710,000.00 9,600,039.00 0.19
335934AU9 First Quantum Minerals Ltd FMCN 8.63 06/01/2031 9,399,000.00 9,833,703.00 0.19
36170JAA4 GGAM Finance Ltd GGAMFI 8.0 06/15/2028 9,175,000.00 9,713,572.00 0.19
019576AF4 Allied Universal Holdco Llc / Allied Uni UNSEAM 6.88 06/15/2030 9,585,000.00 9,829,886.00 0.19
07556QBT1 Beazer Homes Usa Inc BZH 7.25 10/15/2029 9,592,000.00 9,719,875.00 0.19
097023DG7 Boeing Co/the BA 2.2 02/04/2026 10,000,000.00 9,943,884.00 0.19
69344A206 PGIM Active High Yield Bond Etf PHYL 275,000.00 9,784,500.00 0.19
629377CE0 NRG Energy Inc NRG 5.75 01/15/2028 9,899,000.00 9,936,714.00 0.19
64083YAA9 Nesco Holdings Ii Inc NSCO 5.5 04/15/2029 10,050,000.00 9,825,603.00 0.19
62886HBP5 NCL Corp Ltd NCLH 6.25 03/01/2030 9,715,000.00 9,847,998.00 0.19
92840VAB8 Vistra Operations Co Llc VST 5.63 02/15/2027 9,800,000.00 9,802,280.00 0.19
BL4813269 Trans Union Llc TRUN 5.91 06/24/2031 9,577,967.00 9,561,502.00 0.19
BL4985299 Boxer Parent Co Inc BMC 7.2 07/30/2031 9,866,681.00 9,795,759.00 0.19
92841HAA0 Vistajet Malta Finance Plc / Vista Manag VSTJET 9.5 06/01/2028 8,862,000.00 9,204,959.00 0.18
91327BAB6 Uniti Group Lp / Uniti Group Finance 201 UNIT 4.75 04/15/2028 9,710,000.00 9,487,736.00 0.18
893647BU0 Transdigm Inc TDG 6.38 03/01/2029 8,910,000.00 9,149,349.00 0.18
67111BAN0 OFSI Bsl Ix Ltd OFSBS 5.09 07/15/2031 9,076,559.00 9,076,523.00 0.18
681639AA8 Olympus Water Us Holding Corp SOLEIN 4.25 10/01/2028 9,811,000.00 9,385,857.00 0.18
69356MAA4 PM General Purchaser Llc AMGENE 9.5 10/01/2028 10,375,000.00 9,022,344.00 0.18
70137WAG3 Parkland Corp PKICN 4.5 10/01/2029 9,550,000.00 9,156,253.00 0.18
05508WAC9 B&G Foods Inc BGS 8.0 09/15/2028 9,605,000.00 9,037,238.00 0.18
058498AZ9 BALL Corp BALL 6.0 06/15/2029 8,855,000.00 9,071,631.00 0.18
00653VAE1 Adapthealth Llc ADAHEA 5.13 03/01/2030 9,497,000.00 9,092,351.00 0.18
35641AAA6 Freedom Mortgage Holdings Llc FREMOR 9.25 02/01/2029 9,035,000.00 9,488,607.00 0.18
233104AA6 DCLI Bidco Llc DIRCHA 7.75 11/15/2029 9,025,000.00 9,173,803.00 0.18
431318AS3 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 6.25 11/01/2028 9,249,000.00 9,263,719.00 0.18
475795AD2 Jeld-wen Inc JELD 4.88 12/15/2027 9,270,000.00 9,015,097.00 0.18
536797AG8 Lithia Motors Inc LAD 3.88 06/01/2029 9,550,000.00 9,123,754.00 0.18
62886HBG5 NCL Corp Ltd NCLH 7.75 02/15/2029 8,875,000.00 9,484,801.00 0.18
55305BAS0 M/I Homes Inc MHO 4.95 02/01/2028 8,591,000.00 8,562,537.00 0.17
55342UAH7 MPT Operating Partnership Lp / Mpt Finan MPW 5.0 10/15/2027 9,055,000.00 8,712,439.00 0.17
35908MAB6 Frontier Communications Holdings Llc FYBR 6.0 01/15/2030 8,608,000.00 8,727,018.00 0.17
00810GAD6 Aethon United Br Lp / Aethon United Fina AETUNI 7.5 10/01/2029 8,215,000.00 8,524,663.00 0.17
03969AAN0 Ardagh Packaging Finance Plc / Ardagh Ho ARGID 4.13 08/15/2026 9,453,000.00 8,885,820.00 0.17
126307AQ0 CSC Holdings Llc CSCHLD 5.5 04/15/2027 9,571,000.00 8,901,030.00 0.17
682691AJ9 Onemain Finance Corp OMF 6.75 03/15/2032 8,400,000.00 8,524,118.00 0.17
68245XAH2 1011778 Bc Ulc / New Red Finance Inc BCULC 3.88 01/15/2028 9,082,000.00 8,901,903.00 0.17
68245XAM1 1011778 Bc Ulc / New Red Finance Inc BCULC 4.0 10/15/2030 9,335,000.00 8,843,045.00 0.17
87724RAB8 Taylor Morrison Communities Inc TMHC 5.75 01/15/2028 8,769,000.00 8,873,829.00 0.17
BL5224490 Level 3 Financing Inc LVLT 7.42 03/29/2032 8,745,321.00 8,717,991.00 0.17
G2770C100 Digicel Intl Fin Ltd Common Equity 475,786.00 7,999,390.00 0.16
80874DAA4 Scientific Games Holdings Lp/scientific SCGALO 6.63 03/01/2030 9,175,000.00 8,374,933.00 0.16
74841CAA9 Rocket Mortgage Llc / Rocket Mortgage Co RKT 3.63 03/01/2029 8,350,000.00 8,021,594.00 0.16
896215AH3 Trimas Corp TRS 4.13 04/15/2029 8,565,000.00 8,282,332.00 0.16
92332YAD3 Venture Global Lng Inc VENLNG 9.88 02/01/2032 7,555,000.00 8,067,291.00 0.16
BL4949832 Clarios Global Lp POWSOL 6.91 01/28/2032 8,375,000.00 8,347,086.00 0.16
13323AAB6 Camelot Finance Sa CCC 4.5 11/01/2026 8,254,000.00 8,185,326.00 0.16
17888HAA1 Civitas Resources Inc CIVI 8.38 07/01/2028 7,730,000.00 7,983,340.00 0.16
143658BY7 Carnival Corp CCL 5.75 03/15/2030 7,776,000.00 8,009,280.00 0.16
041242AA6 ARKO Corp ARKO 5.13 11/15/2029 9,750,000.00 8,170,240.00 0.16
049362AA4 Allied Universal Holdco Llc/allied Unive UNSEAM 4.63 06/01/2028 8,410,000.00 8,232,128.00 0.16
25260WAD3 Diamond Foreign Asset Co / Diamond Finan DO 8.5 10/01/2030 7,740,000.00 8,200,917.00 0.16
53219LAU3 Lifepoint Health Inc RGCARE 5.38 01/15/2029 8,275,000.00 8,014,878.00 0.16
50168QAC9 LABL Inc LABL 5.88 11/01/2028 10,900,000.00 7,858,611.00 0.15
55609NAC2 Macquarie Airfinance Holdings Ltd MCAIRH 6.4 03/26/2029 7,100,000.00 7,460,979.00 0.15
235825AF3 DANA Inc DAN 5.38 11/15/2027 7,525,000.00 7,522,145.00 0.15
23918KAT5 Davita Inc DVA 3.75 02/15/2031 8,180,200.00 7,516,144.00 0.15
185899AQ4 Cleveland-cliffs Inc CLF 6.88 11/01/2029 7,485,000.00 7,691,041.00 0.15
12543DBH2 Chs/community Health Systems Inc CYH 6.0 01/15/2029 7,702,000.00 7,625,355.00 0.15
109641AK6 Brinker International Inc EAT 8.25 07/15/2030 7,300,000.00 7,736,992.00 0.15
BL3652478 Skillsoft Finance Ii Inc SKIL 9.53 07/14/2028 9,212,543.00 7,925,661.00 0.15
893830BX6 Transocean International Ltd RIG 8.75 02/15/2030 7,193,250.00 7,525,362.00 0.15
98313RAH9 WYNN Macau Ltd WYNMAC 5.63 08/26/2028 7,841,000.00 7,829,238.00 0.15
74843PAA8 Quikrete Holdings Inc QUIKHO 6.38 03/01/2032 7,470,000.00 7,754,358.00 0.15
71880KAA9 Phinia Inc PHIN 6.75 04/15/2029 7,250,000.00 7,489,823.00 0.15
668771AK4 GEN Digital Inc GEN 6.75 09/30/2027 7,525,000.00 7,643,635.00 0.15
62957HAP0 Nabors Industries Inc NBR 9.13 01/31/2030 7,325,000.00 7,697,020.00 0.15
85172FAR0 Onemain Finance Corp OMF 5.38 11/15/2029 7,600,000.00 7,538,009.00 0.15
81725WAK9 Sensata Technologies Bv ST 4.0 04/15/2029 7,400,000.00 7,205,750.00 0.14
857691AG4 Station Casinos Llc RRR 4.5 02/15/2028 7,175,000.00 7,064,542.00 0.14
BL3543891 Connect Finco Sarl IMASF 7.66 12/11/2026 7,042,003.00 7,022,933.00 0.14
071734AN7 Bausch Health Cos Inc BHCCN 4.88 06/01/2028 7,834,000.00 7,168,266.00 0.14
235825AG1 DANA Inc DAN 5.63 06/15/2028 7,375,000.00 7,374,271.00 0.14
35906ABG2 Frontier Communications Holdings Llc FYBR 6.75 05/01/2029 6,925,000.00 6,994,240.00 0.14
380355AJ6 Goeasy Ltd GSYCN 7.63 07/01/2029 7,040,000.00 7,083,788.00 0.14
55819JAN3 Madison Park Funding Xxxiii Ltd MDPK 5.19 10/15/2032 7,369,848.00 7,374,676.00 0.14
601137AA0 Millrose Properties Inc MRP 6.38 08/01/2030 6,985,000.00 7,084,382.00 0.14
45344LAC7 Crescent Energy Finance Llc CRGYFN 9.25 02/15/2028 6,565,000.00 6,794,820.00 0.13
00253XAA9 American Airlines Inc/aadvantage Loyalty AAL 5.5 04/20/2026 6,471,918.00 6,472,008.00 0.13
143658BQ4 Carnival Corp CCL 4.0 08/01/2028 6,925,000.00 6,803,812.00 0.13
185899AN1 Cleveland-cliffs Inc CLF 6.75 04/15/2030 6,525,000.00 6,670,872.00 0.13
BL3856764 Viasat Inc VSAT 8.78 03/02/2029 6,592,752.00 6,535,065.00 0.13
B8AB393F8 TPC Group Rights 319,092.00 6,488,097.00 0.13
BL4846426 Cimpress Plc CMPR 6.66 05/17/2028 6,897,320.00 6,862,833.00 0.13
BL4622694 Lumen Technologies Inc LUMN 6.63 04/15/2030 6,524,790.00 6,482,378.00 0.13
896522AJ8 Trinity Industries Inc TRN 7.75 07/15/2028 6,635,000.00 6,876,169.00 0.13
86765LAQ0 Sunoco Lp / Sunoco Finance Corp SUN 6.0 04/15/2027 6,575,000.00 6,583,214.00 0.13
88642RAE9 Tidewater Inc TDW 9.13 07/15/2030 6,350,000.00 6,776,683.00 0.13
65480CAK1 Nissan Motor Acceptance Co Llc NSANY 5.63 09/29/2028 6,635,000.00 6,632,615.00 0.13
69354NAF3 PRA Group Inc PRAA 8.88 01/31/2030 6,568,000.00 6,673,105.00 0.13
BL5229192 NCR Atleos Corp NCRATL 7.03 04/16/2029 6,926,933.00 6,916,113.00 0.13
70052LAB9 PARK Intermediate Holdings Llc / Pk Dome PK 5.88 10/01/2028 6,187,000.00 6,178,250.00 0.12
70082LAC1 PARK River Holdings Inc PRIMBP 8.0 03/15/2031 6,210,000.00 6,391,141.00 0.12
62886HBR1 NCL Corp Ltd NCLH 6.75 02/01/2032 5,840,000.00 5,993,300.00 0.12
88830MAM4 Titan International Inc TWI 7.0 04/30/2028 6,000,000.00 6,014,491.00 0.12
85172FAN9 Onemain Finance Corp OMF 7.13 03/15/2026 6,222,000.00 6,264,898.00 0.12
85172FAQ2 Onemain Finance Corp OMF 6.63 01/15/2028 6,036,000.00 6,179,129.00 0.12
BL4799294 Xplore Inc/nb BARXPL 6.0 10/24/2031 9,160,741.00 6,298,009.00 0.12
98927UAA5 Zegona Finance Plc ZEGLN 8.63 07/15/2029 5,580,000.00 5,928,192.00 0.12
143658CA8 Carnival Corp CCL 5.75 08/01/2032 6,000,000.00 6,165,000.00 0.12
097793AE3 Civitas Resources Inc CIVI 5.0 10/15/2026 6,225,000.00 6,193,957.00 0.12
023771T32 American Airlines Inc AAL 7.25 02/15/2028 6,100,000.00 6,240,416.00 0.12
469815AL8 Jacobs Entertainment Inc JACENT 6.75 02/15/2029 6,575,000.00 6,399,246.00 0.12
59155LAA0 Mavis Tire Express Services Topco Corp EOCGRO 6.5 05/15/2029 6,418,000.00 6,353,139.00 0.12
398433AP7 Griffon Corp GFF 5.75 03/01/2028 6,375,000.00 6,371,589.00 0.12
380355AH0 Goeasy Ltd GSYCN 9.25 12/01/2028 5,834,000.00 6,034,514.00 0.12
21979LAB2 Coronado Finance Pty Ltd CRNAU 9.25 10/01/2029 6,600,000.00 5,976,300.00 0.12
27034RAA1 Permian Resources Operating Llc PR 8.0 04/15/2027 5,480,000.00 5,556,291.00 0.11
36168QAL8 GFL Environmental Inc GFLCN 4.0 08/01/2028 6,020,000.00 5,888,884.00 0.11
35640YAL1 Freedom Mortgage Corp FREMOR 12.25 10/01/2030 5,000,000.00 5,571,206.00 0.11
553283AG7 MPH Acquisition Holdings Llc MLTPLN 5.75 12/31/2030 6,187,258.00 5,620,167.00 0.11
47232MAG7 Jefferies Finance Llc / Jfin Co-issuer C JEFFIN 6.63 10/15/2031 5,750,000.00 5,667,944.00 0.11
019576AD9 Allied Universal Holdco Llc UNSEAM 7.88 02/15/2031 5,600,000.00 5,836,577.00 0.11
00687YAB1 Adient Global Holdings Ltd ADNT 7.0 04/15/2028 5,541,000.00 5,667,944.00 0.11
053773BC0 AVIS Budget Car Rental Llc / Avis Budget CAR 5.75 07/15/2027 5,699,000.00 5,680,173.00 0.11
17888HAC7 Civitas Resources Inc CIVI 8.63 11/01/2030 5,450,000.00 5,633,674.00 0.11
92332YAE1 Venture Global Lng Inc VENLNG 7.0 01/15/2030 5,445,000.00 5,508,758.00 0.11
92874BAA3 Voltagrid Llc VOLTAG 7.38 11/01/2030 5,385,000.00 5,476,278.00 0.11
852234AT0 Block Inc XYZ 5.63 08/15/2030 5,580,000.00 5,663,853.00 0.11
853496AD9 Standard Industries Inc/ny BMCAUS 4.75 01/15/2028 5,600,000.00 5,578,426.00 0.11
85571BBB0 Starwood Property Trust Inc STWD 7.25 04/01/2029 5,300,000.00 5,581,624.00 0.11
64828TAC6 Rithm Capital Corp RITM 8.0 07/15/2030 5,785,000.00 5,864,833.00 0.11
70932MAD9 Pennymac Financial Services Inc PFSI 7.88 12/15/2029 4,617,000.00 4,905,746.00 0.10
70932MAE7 Pennymac Financial Services Inc PFSI 7.13 11/15/2030 4,675,000.00 4,887,992.00 0.10
74841CAB7 Rocket Mortgage Llc / Rocket Mortgage Co RKT 3.88 03/01/2031 5,600,000.00 5,263,261.00 0.10
740212AM7 Precision Drilling Corp PDCN 6.88 01/15/2029 5,000,000.00 5,021,000.00 0.10
69306RAB2 P&L Development Llc / Pld Finance Corp PLDEVE 12.0 05/15/2029 4,906,160.00 5,074,286.00 0.10
89157UAA5 Toucan Finco Ltd/toucan Finco Can Inc/to TOUCAN 9.5 05/15/2030 5,725,000.00 5,367,187.00 0.10
87470LAL5 Tallgrass Energy Partners Lp / Tallgrass TEP 7.38 02/15/2029 5,170,000.00 5,328,643.00 0.10
83613HAL1 Sound Point Clo Xxi Ltd SNDPT 5.16 10/26/2031 5,307,509.00 5,312,631.00 0.10
BL3925031 IRIS Holding Inc ITPCN 9.16 06/28/2028 5,267,057.00 5,104,931.00 0.10
B8ADRJ0H5 Clubcorp Holdings Inc 9.16 04/30/2032 5,071,492.00 5,029,905.00 0.10
205768AT1 Comstock Resources Inc CRK 5.88 01/15/2030 5,300,000.00 5,043,580.00 0.10
11283YAD2 Brookfield Residential Properties Inc / BRPCN 4.88 02/15/2030 5,300,000.00 4,894,232.00 0.10
04288BAC4 Arsenal Aic Parent Llc ARNC 11.5 10/01/2031 4,635,000.00 5,151,212.00 0.10
02406PAU4 American Axle & Manufacturing Inc AXL 6.5 04/01/2027 5,040,000.00 5,040,000.00 0.10
34966MAA0 Fortress Intermediate 3 Inc PSDO 7.5 06/01/2031 4,940,000.00 5,153,503.00 0.10
36170JAB2 GGAM Finance Ltd GGAMFI 7.75 05/15/2026 5,075,000.00 5,076,877.00 0.10
380355AN7 Goeasy Ltd GSYCN 7.38 10/01/2030 5,155,000.00 5,143,452.00 0.10
380355AR8 Goeasy Ltd GSYCN 6.88 02/15/2031 5,380,000.00 5,258,950.00 0.10
42704LAE4 HERC Holdings Inc HRI 6.63 06/15/2029 4,935,000.00 5,097,824.00 0.10
BL5118916 Bingo Holdings I Llc AGS 8.75 06/30/2032 5,225,000.00 5,158,057.00 0.10
BMGB6F7 Ardagh Packaging Finance Plc / Ardagh Ho ARGID 2.13 08/15/2026 4,750,000.00 5,313,024.00 0.10
BL4993863 MPH Acquisition Holdings MLTPLN 9.17 12/31/2030 4,731,018.00 4,470,812.00 0.09
BNZHNG3 Bellis Acquisition Co Plc ASSDLN 8.13 05/14/2030 3,607,000.00 4,560,821.00 0.09
39807UAD8 Greystar Real Estate Partners Llc GRSTAR 7.75 09/01/2030 4,309,000.00 4,555,952.00 0.09
36168QAN4 GFL Environmental Inc GFLCN 4.75 06/15/2029 4,500,000.00 4,454,640.00 0.09
432833AP6 Hilton Domestic Operating Co Inc HLT 5.88 04/01/2029 4,320,000.00 4,411,489.00 0.09
603051AC7 Mineral Resources Ltd MINAU 8.0 11/01/2027 4,783,000.00 4,872,585.00 0.09
553283AF9 MPH Acquisition Holdings Llc MLTPLN 11.5 12/31/2030 4,139,160.00 4,454,574.00 0.09
030981AL8 Amerigas Partners Lp / Amerigas Finance APU 5.75 05/20/2027 4,429,000.00 4,443,084.00 0.09
00489LAF0 Acrisure Llc / Acrisure Finance Inc ACRISU 4.25 02/15/2029 5,000,000.00 4,801,896.00 0.09
05480AAA3 Azorra Finance Ltd AZORRA 7.75 04/15/2030 4,365,000.00 4,594,162.00 0.09
12511VAA6 Churchill Downs Inc CHDN 5.75 04/01/2030 4,500,000.00 4,507,890.00 0.09
18060TAE5 Clarios Global Lp / Clarios Us Finance C POWSOL 6.75 09/15/2032 4,585,000.00 4,712,096.00 0.09
165167735 Expand Energy Corp EXE 45,874.00 4,739,242.00 0.09
15089QAW4 Celanese Us Holdings Llc CE 6.85 11/15/2028 4,550,000.00 4,704,821.00 0.09
BL4045797 Tenneco Inc TENINC 9.3 11/17/2028 4,600,000.00 4,520,139.00 0.09
95081QAP9 Wesco Distribution Inc WCC 7.25 06/15/2028 4,602,000.00 4,665,243.00 0.09
92537RAA7 TK Elevator Us Newco Inc THYELE 5.25 07/15/2027 4,425,000.00 4,413,937.00 0.09
983133AA7 WYNN Resorts Finance Llc / Wynn Resorts WYNFIN 5.13 10/01/2029 4,575,000.00 4,576,529.00 0.09
978097AG8 Wolverine World Wide Inc WWW 4.0 08/15/2029 5,265,000.00 4,819,107.00 0.09
98379JAA3 RXO Inc RXO 7.5 11/15/2027 4,745,000.00 4,848,102.00 0.09
91282CKS9 United States Treasury Note/bond T 4.88 05/31/2026 4,489,000.00 4,515,478.00 0.09
82088KAJ7 SHEA Homes Lp / Shea Homes Funding Corp SHEAHM 4.75 04/01/2029 4,500,000.00 4,406,579.00 0.09
893647BR7 Transdigm Inc TDG 6.75 08/15/2028 4,750,000.00 4,850,356.00 0.09
86765KAB5 Sunoco Lp SUN 7.0 05/01/2029 4,295,000.00 4,462,416.00 0.09
66977WAU3 NOVA Chemicals Corp NCX 9.0 02/15/2030 4,370,000.00 4,675,157.00 0.09
68245XAR0 1011778 Bc Ulc / New Red Finance Inc BCULC 6.13 06/15/2029 4,210,000.00 4,323,796.00 0.08
645370AF4 NEW Home Co Inc/the NWHM 9.25 10/01/2029 3,975,000.00 4,173,538.00 0.08
682691AB6 Onemain Finance Corp OMF 3.5 01/15/2027 4,195,000.00 4,126,485.00 0.08
682691AL4 Onemain Finance Corp OMF 6.13 05/15/2030 3,835,000.00 3,879,522.00 0.08
682691AH3 Onemain Finance Corp OMF 6.63 05/15/2029 3,950,000.00 4,065,504.00 0.08
70052LAD5 PARK Intermediate Holdings Llc / Pk Dome PK 7.0 02/01/2030 4,040,000.00 4,139,897.00 0.08
716964AA9 PHH Escrow Issuer Llc/phh Corp PHHESC 9.88 11/01/2029 3,925,000.00 3,938,824.00 0.08
864486AK1 Suburban Propane Partners Lp/suburban En SPH 5.88 03/01/2027 4,008,000.00 4,007,519.00 0.08
845467AS8 Expand Energy Corp EXE 5.38 03/15/2030 4,030,000.00 4,088,835.00 0.08
77311WAC5 Rocket Cos Inc RKT 6.5 08/01/2029 4,145,000.00 4,298,850.00 0.08
893830BZ1 Transocean International Ltd RIG 8.5 05/15/2031 4,150,000.00 4,099,743.00 0.08
92682RAA0 Viking Ocean Cruises Ship Vii Ltd VIKCRU 5.63 02/15/2029 4,000,000.00 3,993,120.00 0.08
B8AC8DDQ7 Venator Fin Sarl 13.89 12/31/2025 5,556,116.00 4,167,087.00 0.08
BL4938413 Venator Finance Sarl VNTR 6.0 07/16/2026 5,586,570.00 4,189,927.00 0.08
BL4063485 Altice Financing Sa ALTICE 8.9 10/31/2027 5,058,965.00 3,983,934.00 0.08
126307AS6 CSC Holdings Llc CSCHLD 5.38 02/01/2028 4,950,000.00 4,101,981.00 0.08
031921AB5 Amwins Group Inc AMWINS 4.88 06/30/2029 4,150,000.00 4,007,452.00 0.08
045086AP0 Ashton Woods Usa Llc / Ashton Woods Fina ASHWOO 4.63 04/01/2030 4,400,000.00 4,143,184.00 0.08
07556QBU8 Beazer Homes Usa Inc BZH 7.5 03/15/2031 4,300,000.00 4,361,101.00 0.08
00489LAM5 Acrisure Llc / Acrisure Finance Inc ACRISU 8.5 06/15/2029 3,870,000.00 4,062,467.00 0.08
00737WAA7 Adtalem Global Education Inc ATGE 5.5 03/01/2028 4,078,000.00 4,080,323.00 0.08
02128LAC0 ALTA Equipment Group Inc ALTG 9.0 06/01/2029 4,665,000.00 4,236,187.00 0.08
552953CK5 MGM Resorts International MGM 6.13 09/15/2029 4,000,000.00 4,072,261.00 0.08
469815AK0 Jacobs Entertainment Inc JACENT 6.75 02/15/2029 4,375,000.00 4,239,500.00 0.08
513272AC8 LAMB Weston Holdings Inc LW 4.88 05/15/2028 4,100,000.00 4,103,920.00 0.08
513272AD6 LAMB Weston Holdings Inc LW 4.13 01/31/2030 4,425,000.00 4,272,685.00 0.08
384701AA6 Graham Packaging Co Inc GRMPAC 7.13 08/15/2028 4,155,000.00 4,138,349.00 0.08
29272WAD1 Energizer Holdings Inc ENR 4.38 03/31/2029 4,300,000.00 4,128,567.00 0.08
BQ0G6D4 Bellis Acquisition Co Plc ASSDLN 8.0 07/01/2031 3,609,000.00 4,201,512.00 0.08
BL5007242 Windsor Holdings Iii Llc UNVR 6.92 08/01/2030 4,028,659.00 4,016,907.00 0.08
BL4993855 MPH Acquisition Holdings MLTPLN 8.06 12/31/2030 3,455,163.00 3,447,965.00 0.07
29362UAC8 Entegris Inc ENTG 4.38 04/15/2028 3,725,000.00 3,658,846.00 0.07
31556TAA7 Fertitta Entertainment Llc / Fertitta En FRTITA 4.63 01/15/2029 3,785,000.00 3,620,383.00 0.07
28228PAC5 EG Global Finance Plc EGBLFN 12.0 11/30/2028 3,300,000.00 3,606,768.00 0.07
38869AAB3 Graphic Packaging International Llc GPK 3.5 03/15/2028 3,550,000.00 3,428,942.00 0.07
44267DAE7 Howard Hughes Corp/the HHH 4.13 02/01/2029 3,624,000.00 3,483,106.00 0.07
536797AJ2 Lithia Motors Inc LAD 5.5 10/01/2030 3,525,000.00 3,531,925.00 0.07
53523LAB6 Lindblad Expeditions Llc LIND 7.0 09/15/2030 3,420,000.00 3,484,502.00 0.07
601137AB8 Millrose Properties Inc MRP 6.25 09/15/2032 3,740,000.00 3,757,848.00 0.07
03690AAF3 Antero Midstream Partners Lp / Antero Mi AM 5.75 01/15/2028 3,624,000.00 3,624,018.00 0.07
00175PAD5 AMN Healthcare Inc AMN 6.5 01/15/2031 3,810,000.00 3,818,948.00 0.07
05464CAC5 AXON Enterprise Inc AXON 6.13 03/15/2030 3,520,000.00 3,628,794.00 0.07
12543DBM1 Chs/community Health Systems Inc CYH 5.25 05/15/2030 3,700,000.00 3,468,046.00 0.07
15853BAA9 Champion Iron Canada Inc CIACN 7.88 07/15/2032 3,345,000.00 3,506,229.00 0.07
18972EAD7 Clydesdale Acquisition Holdings Inc NOVHOL 6.75 04/15/2032 3,350,000.00 3,361,133.00 0.07
BL4587764 Magnera Corp MAGN 8.45 11/04/2031 3,864,919.00 3,623,361.00 0.07
BL4047090 Tenneco Inc TEN 9.05 11/17/2028 3,711,271.00 3,639,034.00 0.07
98877DAH8 ZF North America Capital Inc ZFFNGR 7.5 03/24/2031 3,560,000.00 3,435,400.00 0.07
92332YAA9 Venture Global Lng Inc VENLNG 8.13 06/01/2028 3,625,000.00 3,734,291.00 0.07
97381AAA0 Windstream Services Llc / Windstream Esc WIN 8.25 10/01/2031 3,530,000.00 3,605,694.00 0.07
96350RAA2 White Cap Buyer Llc WHTCAP 6.88 10/15/2028 3,850,000.00 3,850,000.00 0.07
749571AK1 RHP Hotel Properties Lp / Rhp Finance Co RHP 6.5 04/01/2032 3,745,000.00 3,851,512.00 0.07
780153BW1 Royal Caribbean Cruises Ltd RCL 5.63 09/30/2031 3,665,000.00 3,727,274.00 0.07
76884GAA3 Rivers Enterprise Lender Llc / Rivers En RIVLEN 6.25 10/15/2030 3,615,000.00 3,642,942.00 0.07
87470LAD3 Tallgrass Energy Partners Lp / Tallgrass TEP 5.5 01/15/2028 3,765,000.00 3,746,340.00 0.07
87470LAJ0 Tallgrass Energy Partners Lp / Tallgrass TEP 6.0 12/31/2030 3,695,000.00 3,664,999.00 0.07
682691AA8 Onemain Finance Corp OMF 4.0 09/15/2030 4,075,000.00 3,789,100.00 0.07
681639AB6 Olympus Water Us Holding Corp SOLEIN 6.25 10/01/2029 3,650,000.00 3,553,274.00 0.07
645370AG2 NEW Home Co Inc/the NWHM 8.5 11/01/2030 3,055,000.00 3,171,928.00 0.06
64828TAB8 Rithm Capital Corp RITM 8.0 04/01/2029 3,128,000.00 3,193,276.00 0.06
651229BG0 Newell Brands Inc NWL 8.5 06/01/2028 3,180,000.00 3,272,428.00 0.06
64438WAA5 NEW Flyer Holdings Inc NFICN 9.25 07/01/2030 2,825,000.00 3,007,805.00 0.06
893647BP1 Transdigm Inc TDG 4.63 01/15/2029 3,118,000.00 3,067,093.00 0.06
79546VAQ9 Sally Holdings Llc / Sally Capital Inc SBH 6.75 03/01/2032 3,100,000.00 3,229,773.00 0.06
85236FAA1 Smyrna Ready Mix Concrete Llc SMYREA 6.0 11/01/2028 3,135,000.00 3,122,436.00 0.06
963320BE5 Whirlpool Corp WHR 6.5 06/15/2033 3,050,000.00 2,976,405.00 0.06
92840JAB5 Vistajet Malta Finance Plc / Vista Manag VSTJET 6.38 02/01/2030 3,057,000.00 2,950,249.00 0.06
95081QAQ7 Wesco Distribution Inc WCC 6.38 03/15/2029 2,790,000.00 2,878,322.00 0.06
893790AA3 Transocean Aquila Ltd RIG 8.0 09/30/2028 3,217,692.00 3,291,699.00 0.06
91838PAA9 VT Topco Inc VERCOR 8.5 08/15/2030 2,846,000.00 2,959,956.00 0.06
91282CLS8 United States Treasury Note/bond T 4.13 10/31/2026 3,165,000.00 3,176,621.00 0.06
91282CME8 United States Treasury Note/bond T 4.25 12/31/2026 3,200,000.00 3,219,125.00 0.06
BL4295970 Viasat Inc VSAT 8.65 05/30/2030 2,877,975.00 2,841,280.00 0.06
146869AM4 Carvana Co CVNA 9.0 06/01/2031 2,985,300.00 3,324,341.00 0.06
095796AJ7 BLUE Racer Midstream Llc / Blue Racer Fi BLURAC 7.0 07/15/2029 2,990,000.00 3,098,743.00 0.06
097751BZ3 Bombardier Inc BBDBCN 7.5 02/01/2029 2,995,000.00 3,118,483.00 0.06
045086AK1 Ashton Woods Usa Llc / Ashton Woods Fina ASHWOO 6.63 01/15/2028 3,260,000.00 3,257,702.00 0.06
05480AAB1 Azorra Finance Ltd AZORRA 7.25 01/15/2031 3,075,000.00 3,217,649.00 0.06
071734AD9 Bausch Health Cos Inc BHCCN 7.0 01/15/2028 3,468,000.00 3,186,225.00 0.06
00175PAC7 AMN Healthcare Inc AMN 4.0 04/15/2029 3,220,000.00 3,053,713.00 0.06
00653VAC5 Adapthealth Llc ADAHEA 4.63 08/01/2029 3,257,000.00 3,091,552.00 0.06
03881NAJ6 Arbor Realty Sr Inc ABR 7.88 07/15/2030 3,090,000.00 3,143,136.00 0.06
030981AP9 Amerigas Partners Lp / Amerigas Finance APU 9.5 06/01/2030 3,050,000.00 3,210,964.00 0.06
603051AF0 Mineral Resources Ltd MINAU 7.0 04/01/2031 3,030,000.00 3,125,293.00 0.06
629377CQ3 NRG Energy Inc NRG 3.38 02/15/2029 3,125,000.00 2,973,120.00 0.06
431318AY0 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 6.0 04/15/2030 3,175,000.00 3,095,412.00 0.06
428040DC0 Hertz Corp/the HTZ 12.63 07/15/2029 3,100,000.00 3,071,454.00 0.06
278768AC0 Echostar Corp SATS 10.75 11/30/2029 2,800,000.00 3,083,109.00 0.06
29272WAC3 Energizer Holdings Inc ENR 4.75 06/15/2028 3,047,000.00 2,998,114.00 0.06
BL5147105 CP Atlas Buyer Inc AMBATH 9.41 07/08/2030 3,300,000.00 3,250,500.00 0.06
BL5184058 Allied Universal Holdco Llc UNSEAM 7.51 08/20/2032 2,825,000.00 2,834,469.00 0.06
XS27199989 EG Global Finance Plc EGBLFN 11.0 11/30/2028 2,400,000.00 3,005,926.00 0.06
BL5042678 Vista Management Holding VSTJET 7.74 04/01/2031 2,648,250.00 2,663,146.00 0.05
292554AS1 Encore Capital Group Inc ECPG 6.63 04/15/2031 2,525,000.00 2,505,188.00 0.05
25525PAE7 Diversified Healthcare Trust DHC 7.25 10/15/2030 2,535,000.00 2,560,355.00 0.05
26154DAB6 Dream Finders Homes Inc DFH 6.88 09/15/2030 2,555,000.00 2,545,398.00 0.05
389375AN6 GRAY Media Inc GTN 9.63 07/15/2032 2,600,000.00 2,612,841.00 0.05
422704AH9 Hecla Mining Co HL 7.25 02/15/2028 2,754,000.00 2,772,647.00 0.05
428040DA4 Hertz Corp/the HTZ 4.63 12/01/2026 2,485,000.00 2,414,196.00 0.05
53219LAY5 Lifepoint Health Inc RGCARE 8.38 02/15/2032 2,170,000.00 2,343,780.00 0.05
018581AR9 Bread Financial Holdings Inc BFH 6.75 05/15/2031 2,435,000.00 2,451,269.00 0.05
00489LAL7 Acrisure Llc / Acrisure Finance Inc ACRISU 7.5 11/06/2030 2,585,000.00 2,676,252.00 0.05
18453HAF3 Clear Channel Outdoor Holdings Inc CCO 7.88 04/01/2030 2,300,000.00 2,411,924.00 0.05
21925AAQ8 Cornerstone Chemical Co Llc CRNRCH 10.0 05/07/2029 3,268,406.00 2,778,145.00 0.05
105340AT0 Brandywine Operating Partnership Lp BDN 6.13 01/15/2031 2,505,000.00 2,516,503.00 0.05
11135RAA3 Broadstreet Partners Group Llc BROPAR 5.88 04/15/2029 2,500,000.00 2,489,561.00 0.05
BL4766657 Windstream Services Llc UNIT 9.01 10/06/2031 2,588,000.00 2,594,470.00 0.05
BL4990380 Hilcorp Energy I Lp HILCRP 6.03 02/11/2030 2,512,375.00 2,512,375.00 0.05
903522AA8 UWM Holdings Llc UWMC 6.63 02/01/2030 2,430,000.00 2,477,586.00 0.05
903522AB6 UWM Holdings Llc UWMC 6.25 03/15/2031 2,495,000.00 2,491,611.00 0.05
78454LAX8 SM Energy Co SM 6.75 08/01/2029 2,350,000.00 2,344,759.00 0.05
78410GAG9 SBA Communications Corp SBAC 3.13 02/01/2029 2,612,000.00 2,468,948.00 0.05
77340RAR8 Rockies Express Pipeline Llc ROCKIE 4.95 07/15/2029 2,525,000.00 2,499,388.00 0.05
87265HAG4 TRI Pointe Homes Inc TPH 5.7 06/15/2028 2,443,000.00 2,467,001.00 0.05
86765LAT4 Sunoco Lp / Sunoco Finance Corp SUN 4.5 05/15/2029 2,750,000.00 2,695,515.00 0.05
86765KAF6 Sunoco Lp SUN 5.63 03/15/2031 2,590,000.00 2,591,338.00 0.05
85571BBD6 Starwood Property Trust Inc STWD 6.5 07/01/2030 2,350,000.00 2,445,836.00 0.05
85571BBE4 Starwood Property Trust Inc STWD 6.5 10/15/2030 2,555,000.00 2,660,418.00 0.05
63938CAJ7 Navient Corp NAVI 6.75 06/15/2026 2,400,000.00 2,427,146.00 0.05
670001AL0 Novelis Corp HNDLIN 6.88 01/30/2030 2,655,000.00 2,755,891.00 0.05
74743LAA8 Qnity Electronics Inc QNTELE 5.75 08/15/2032 2,660,000.00 2,705,686.00 0.05
68288AAA5 1261229 Bc Ltd BHCCN 10.0 04/15/2032 1,965,000.00 2,053,425.00 0.04
644535AJ5 NEW Gold Inc NGDCN 6.88 04/01/2032 1,855,000.00 1,936,174.00 0.04
85571BBF1 Starwood Property Trust Inc STWD 5.25 10/15/2028 1,875,000.00 1,882,805.00 0.04
78412FAX2 SESI Llc SPN 7.88 09/30/2030 2,000,000.00 1,962,509.00 0.04
810186AW6 Scotts Miracle-gro Co/the SMG 4.38 02/01/2032 2,400,000.00 2,221,153.00 0.04
91282CLP4 United States Treasury Note/bond T 3.5 09/30/2026 1,887,000.00 1,882,651.00 0.04
911365BM5 United Rentals North America Inc URI 3.88 11/15/2027 1,858,000.00 1,834,227.00 0.04
91889FAC5 Valaris Ltd VAL 8.38 04/30/2030 2,200,000.00 2,293,346.00 0.04
92262TAA4 Velocity Vehicle Group Llc VLCYVG 8.0 06/01/2029 2,040,000.00 2,001,224.00 0.04
91327BAA8 Uniti Group Lp / Uniti Group Finance 201 UNIT 6.5 02/15/2029 1,950,000.00 1,824,024.00 0.04
92535UAB0 Vertiv Group Corp VRT 4.13 11/15/2028 2,005,000.00 1,975,351.00 0.04
96467GAC2 White Cap Supply Holdings Llc WHTCAP 7.38 11/15/2030 2,055,000.00 2,077,685.00 0.04
96949VAN3 Williams Scotsman Inc WLSC 6.63 04/15/2030 2,000,000.00 2,069,099.00 0.04
BL4964328 NCR Atleos Corp NCRATL 7.06 09/27/2028 2,058,440.00 2,043,001.00 0.04
BL4799260 Xplore Inc/nb BARXPL 9.28 10/24/2029 2,354,300.00 2,197,338.00 0.04
B8ADQ6J27 Doncasters Us Fin Llc 04/01/2030 1,800,000.00 1,812,006.00 0.04
BL3547827 Asurion Llc ASUCOR 7.53 07/30/2027 1,981,625.00 1,982,657.00 0.04
103304BV2 BOYD Gaming Corp BYD 4.75 06/15/2031 2,375,000.00 2,287,518.00 0.04
118230AQ4 Buckeye Partners Lp BPL 3.95 12/01/2026 2,209,000.00 2,189,781.00 0.04
12597YAC3 CP Atlas Buyer Inc AMBATH 9.75 07/15/2030 2,135,000.00 2,228,563.00 0.04
15089QAM6 Celanese Us Holdings Llc CE 6.67 07/15/2027 2,040,000.00 2,092,235.00 0.04
01309QAC2 Albertsons Cos Inc / Safeway Inc / New A ACI 5.5 03/31/2031 2,010,000.00 2,025,722.00 0.04
01741RAN2 ATI Inc ATI 7.25 08/15/2030 1,761,000.00 1,849,526.00 0.04
02154CAF0 Altice Financing Sa ALTICE 5.0 01/15/2028 2,425,000.00 1,807,837.00 0.04
071734AH0 Bausch Health Cos Inc BHCCN 5.0 01/30/2028 2,150,000.00 1,881,250.00 0.04
07317QAJ4 Baytex Energy Corp BTECN 8.5 04/30/2030 2,205,000.00 2,263,476.00 0.04
527298CD3 Level 3 Financing Inc LVLT 4.5 04/01/2030 2,000,000.00 1,856,687.00 0.04
52109SAB5 LBM Acquisition Llc USLBMH 9.5 06/15/2031 2,096,000.00 2,193,840.00 0.04
427056AU0 Hercules Llc ASH 6.5 06/30/2029 2,005,000.00 2,011,232.00 0.04
55342UAQ7 MPT Operating Partnership Lp / Mpt Finan MPW 8.5 02/15/2032 1,925,000.00 2,022,970.00 0.04
345397E58 FORD Motor Credit Co Llc F 5.8 03/08/2029 2,150,000.00 2,186,489.00 0.04
380355AM9 Goeasy Ltd GSYCN 6.88 05/15/2030 2,040,000.00 2,004,300.00 0.04
33834YAC2 FIVE Point Operating Co Lp FPH 8.0 10/01/2030 1,985,000.00 2,030,583.00 0.04
BL4989184 Quikrete Holdings Inc QUIKHO 8.07 02/10/2032 2,064,625.00 2,066,202.00 0.04
BP816Z6 MPT Operating Partnership Lp / Mpt Finan MPW 0.99 10/15/2026 1,400,000.00 1,532,774.00 0.03
284902AF0 Eldorado Gold Corp ELDCN 6.25 09/01/2029 1,550,000.00 1,549,070.00 0.03
35908MAA8 Frontier Communications Holdings Llc FYBR 5.88 11/01/2029 1,775,000.00 1,795,330.00 0.03
536797AE3 Lithia Motors Inc LAD 4.63 12/15/2027 1,700,000.00 1,685,583.00 0.03
629377CR1 NRG Energy Inc NRG 3.63 02/15/2031 1,825,000.00 1,704,275.00 0.03
62886EBA5 NCR Voyix Corp VYX 5.13 04/15/2029 1,577,000.00 1,561,613.00 0.03
603051AD5 Mineral Resources Ltd MINAU 8.5 05/01/2030 1,700,000.00 1,767,082.00 0.03
50168QAE5 LABL Inc LABL 9.5 11/01/2028 2,075,000.00 1,548,909.00 0.03
50168QAF2 LABL Inc LABL 8.63 10/01/2031 2,645,000.00 1,703,729.00 0.03
02154CAJ2 Altice Financing Sa ALTICE 9.63 07/15/2027 1,900,000.00 1,625,564.00 0.03
185899AP6 Cleveland-cliffs Inc CLF 7.0 03/15/2032 1,495,000.00 1,528,563.00 0.03
18064PAD1 Clarivate Science Holdings Corp CLVTSC 4.88 07/01/2029 1,700,000.00 1,587,005.00 0.03
185899AS0 Cleveland-cliffs Inc CLF 7.5 09/15/2031 1,465,000.00 1,534,936.00 0.03
12008RAN7 Builders Firstsource Inc BLDR 5.0 03/01/2030 1,490,000.00 1,475,321.00 0.03
1248EPBX0 CCO Holdings Llc / Cco Holdings Capital CHTR 5.0 02/01/2028 1,725,000.00 1,707,606.00 0.03
103304BU4 BOYD Gaming Corp BYD 4.75 12/01/2027 1,725,000.00 1,718,162.00 0.03
105340AQ6 Brandywine Operating Partnership Lp BDN 3.95 11/15/2027 1,625,000.00 1,599,816.00 0.03
B8ADVAEX9 NEW Generation Gas Gathering Llc 4.3 09/30/2029 1,459,459.00 1,437,567.00 0.03
B8ADGKST8 NEW Generation Gas Gathering Llc 4.3 09/30/2029 1,751,351.00 1,725,080.00 0.03
B8ACXD562 NEW Generation Gas Gathering Llc 4.04 09/30/2029 1,459,459.00 1,437,567.00 0.03
B8AD64SP3 Xplore Inc 768,379.00 1,690,929.00 0.03
B8AENG7Z6 Radiate Holdco Llc 06/26/2029 1,402,500.00 1,381,462.00 0.03
BL4874717 Calpine Corp CPN 5.91 01/31/2031 1,370,000.00 1,368,887.00 0.03
96949VAM5 Williams Scotsman Inc WLSC 6.63 06/15/2029 1,300,000.00 1,337,915.00 0.03
983793AK6 XPO Inc XPO 7.13 02/01/2032 1,380,000.00 1,452,802.00 0.03
893814AA1 Transocean International Ltd RIG 7.88 10/15/2032 1,625,000.00 1,673,766.00 0.03
812127AA6 Sealed Air Corp/sealed Air Corp Us SEE 6.13 02/01/2028 1,275,000.00 1,290,128.00 0.03
86765LAN7 Sunoco Lp / Sunoco Finance Corp SUN 5.88 03/15/2028 1,490,000.00 1,493,770.00 0.03
876511AG1 Taseko Mines Ltd TKOCN 8.25 05/01/2030 1,545,000.00 1,634,301.00 0.03
87724RAG7 Taylor Morrison Communities Inc TMHC 6.63 07/15/2027 1,450,000.00 1,447,062.00 0.03
88033GDU1 Tenet Healthcare Corp THC 6.75 05/15/2031 1,675,000.00 1,737,730.00 0.03
86765LAZ0 Sunoco Lp / Sunoco Finance Corp SUN 4.5 04/30/2030 1,300,000.00 1,259,487.00 0.02
85571BBC8 Starwood Property Trust Inc STWD 6.0 04/15/2030 775,000.00 791,665.00 0.02
81721MAM1 Diversified Healthcare Trust DHC 4.75 02/15/2028 1,225,000.00 1,167,668.00 0.02
75026JAH3 Radiate Holdco Llc / Radiate Finance Inc RADIAT 9.25 03/25/2030 1,671,239.00 1,055,534.00 0.02
897051AC2 Tronox Inc TROX 4.63 03/15/2029 1,475,000.00 907,333.00 0.02
897051AD0 Tronox Inc TROX 9.13 09/30/2030 1,185,000.00 1,081,507.00 0.02
911365BN3 United Rentals North America Inc URI 4.0 07/15/2030 975,000.00 936,136.00 0.02
911365BG8 United Rentals North America Inc URI 4.88 01/15/2028 1,075,000.00 1,074,004.00 0.02
913229AC4 United Wholesale Mortgage Llc UWMLLC 5.75 06/15/2027 897,000.00 898,183.00 0.02
96926JAC1 William Carter Co/the CRI 5.63 03/15/2027 1,000,000.00 1,000,244.00 0.02
BL4990463 GFL Es Us Llc GFLES 6.67 03/03/2032 959,000.00 958,201.00 0.02
BL4578458 Consolidated Energy Fin Sa CONSEN 8.66 11/15/2030 1,359,067.00 1,131,423.00 0.02
BL4755601 Lifepoint Health Inc RGCARE 7.65 05/16/2031 1,066,938.00 1,066,771.00 0.02
B8A66QXU2 Genon Hldgs Class A 41,315.00 1,239,450.00 0.02
B8A9598C3 Ferrellgas Escrow Llc 3/30/31 Preferred 8.96 03/30/2031 1,125,000.00 1,125,000.00 0.02
B8AC24CC5 Heritage Power Llc 9.8 07/20/2028 1,172,893.00 1,155,299.00 0.02
B8ADX0WW1 Doncasters Us Finance Llc 10.8 04/23/2030 1,194,000.00 1,205,940.00 0.02
105340AS2 Brandywine Operating Partnership Lp BDN 8.88 04/12/2029 900,000.00 978,291.00 0.02
22Q1KTAUKD Eur/usd Fwd 20251105 57918 EUR 11/05/2025 -31,341,065.00 931,498.00 0.02
21873SAC2 Coreweave Inc CRWV 9.0 02/01/2031 1,250,000.00 1,254,187.00 0.02
156431AS7 Century Aluminum Co CENX 6.88 08/01/2032 755,000.00 775,002.00 0.02
17888HAB9 Civitas Resources Inc CIVI 8.75 07/01/2031 1,160,000.00 1,191,900.00 0.02
04288BAB6 Arsenal Aic Parent Llc ARNC 8.0 10/01/2030 825,000.00 876,691.00 0.02
00253XAB7 American Airlines Inc/aadvantage Loyalty AAL 5.75 04/20/2029 800,000.00 806,772.00 0.02
053773BG1 AVIS Budget Car Rental Llc / Avis Budget CAR 4.75 04/01/2028 1,020,000.00 978,015.00 0.02
516806AH9 Vital Energy Inc VTLE 7.75 07/31/2029 1,175,000.00 1,155,341.00 0.02
35641AAC2 Freedom Mortgage Holdings Llc FREMOR 8.38 04/01/2032 1,110,000.00 1,160,389.00 0.02
292554AR3 Encore Capital Group Inc ECPG 8.5 05/15/2030 800,000.00 842,399.00 0.02
345397C92 FORD Motor Credit Co Llc F 6.8 05/12/2028 525,000.00 545,674.00 0.01
516806AJ5 Vital Energy Inc VTLE 9.75 10/15/2030 650,000.00 668,127.00 0.01
527298BT9 Level 3 Financing Inc LVLT 3.75 07/15/2029 710,000.00 630,507.00 0.01
431318BC7 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 8.38 11/01/2033 525,000.00 543,129.00 0.01
071734AQ0 Bausch Health Cos Inc BHCCN 11.0 09/30/2028 250,000.00 261,875.00 0.01
071734AL1 Bausch Health Cos Inc BHCCN 5.25 02/15/2031 630,000.00 424,462.00 0.01
071734AM9 Bausch Health Cos Inc BHCCN 5.0 02/15/2029 330,000.00 256,781.00 0.01
097751BT7 Bombardier Inc BBDBCN 7.88 04/15/2027 707,000.00 707,353.00 0.01
09629EAL5 Bluemountain Fuji Us Clo Ii Ltd BLUEM 5.15 10/20/2030 453,290.00 453,589.00 0.01
18060TAD7 Clarios Global Lp / Clarios Us Finance C POWSOL 6.75 02/15/2030 500,000.00 517,635.00 0.01
18972EAC9 Clydesdale Acquisition Holdings Inc NOVHOL 6.88 01/15/2030 700,000.00 707,861.00 0.01
105340AP8 Brandywine Operating Partnership Lp BDN 4.55 10/01/2029 395,000.00 379,458.00 0.01
126307AY3 CSC Holdings Llc CSCHLD 7.5 04/01/2028 838,000.00 572,547.00 0.01
131347CR5 Calpine Corp CPN 3.75 03/01/2031 550,000.00 527,869.00 0.01
B8AE3VDG0 Clubcorp Hldgs Inc 07/31/2032 330,749.00 328,037.00 0.01
B8AE3VHV3 Clubcorp Hldgs Inc 07/31/2032 551,249.00 546,728.00 0.01
B8AEBG4U3 NEW Generation Gas Gathering Llc 3.85 09/30/2029 437,837.00 431,269.00 0.01
B8AEMK0Z5 Radiate Holdco Llc 06/26/2029 467,500.00 461,656.00 0.01
B8AC2XW47 Heritage Pwr Llc 6,933.00 461,044.00 0.01
B8AC4A3C9 Cornerstone Chem Co 144,561.00 722,805.00 0.01
B8AC5MQN3 Diamond Sports Grp Llc- Cs 87,655.00 641,021.00 0.01
B8ACA1AA8 Digicel Intl Fin Ltd 31,025.00 379,010.00 0.01
BL4985638 Cablevision Lightpath CVLGHT 7.03 11/30/2027 334,738.00 334,737.00 0.01
BL4938314 MAIN Street Sports Group DSPORT 15.0 01/02/2028 626,371.00 466,646.00 0.01
BL4843134 Calpine Corp CPN 5.91 02/15/2032 376,750.00 376,444.00 0.01
98379KAB8 XPO Inc XPO 7.13 06/01/2031 625,000.00 652,409.00 0.01
749571AJ4 RHP Hotel Properties Lp / Rhp Finance Co RHP 7.25 07/15/2028 425,000.00 438,245.00 0.01
829259BH2 Sinclair Television Group Inc SBGI 8.13 02/15/2033 450,000.00 459,121.00 0.01
85571BAU9 Starwood Property Trust Inc STWD 3.63 07/15/2026 700,000.00 694,148.00 0.01
68622TAB7 Organon & Co / Organon Foreign Debt Co-i OGN 5.13 04/30/2031 400,000.00 307,114.00 0.01
SWB8AEEB12 Trswap: Iboxhy Index 12/22/2025 Bnpsw_r 12/22/2025 229,903.00 546,111.00 0.01
QD1NJG9O3S Gbp/usd Fwd 20251105 Mslngb2x GBP 11/05/2025 -9,456,230.00 373,479.00 0.01
S4SIKTHT4C Eur/usd Fwd 20251202 Mslngb2x EUR 12/02/2025 -31,341,065.00 361,169.00 0.01
RXZ5 COMDT Euro-bund Future Dec25 RXZ5 12/08/2025 -2,982,828.00 -19,188.00 0.00
SWB8AEM2V7 Cdx.na.hy.45.v1 5yr Rtp @ 102.5000 01/21/2026 -24,650,000.00 -95,156.00 0.00
SWB8AEBGGQ Trswap: Iboxig Index 12/22/2025 Mslsw_r 12/22/2025 -22,138.00 -156,565.00 0.00
DUZ5 COMDT Euro-schatz Fut Dec25 DUZ5 12/08/2025 370,277.00 -296.00 0.00
FVZ5 COMDT US 5yr Note (cbt) Dec25 FVZ5 12/31/2025 349,911,845.00 238,576.00 0.00
HYBZ5 INDE BBG Hy Credit Fut Dec25 HYBZ5 12/16/2025 18,632,250.00 38,387.00 0.00
L5217E120 Intelsat Emergence Sa 65,330.00 6.00 0.00
OEZ5 COMDT Euro-bobl Future Dec25 OEZ5 12/08/2025 3,953,059.00 4,653.00 0.00
P14LD14H95 Gbp/usd Fwd 20251105 00187 GBP 11/05/2025 9,456,230.00 -196,874.00 0.00
BLFHRK1 Venator Materials Plc VNTRF 26,944.00 2.00 0.00
TUZ5 COMDT US 2yr Note (cbt) Dec25 TUZ5 12/31/2025 379,209,024.00 -123,657.00 0.00
TYZ5 COMDT US 10yr Note (cbt)dec25 TYZ5 12/19/2025 -45,068,750.00 -207,361.00 0.00
USZ5 COMDT US Long Bond(cbt) Dec25 USZ5 12/19/2025 2,580,875.00 78,616.00 0.00
WNZ5 COMDT US Ultra Bond Cbt Dec25 WNZ5 12/19/2025 5,215,094.00 178,544.00 0.00
853191AC8 Standard Building Solutions Inc BMCAUS 6.25 08/01/2033 235,000.00 239,947.00 0.00
BL4454486 Venator Finance Sarl VNTR 5.94 10/12/2028 7,921,289.00 158,425.00 0.00
B8AD73HC5 Xplornet - Contingent Value Rights 40,752.00 4.00 0.00
B8AD9KJQ2 Diamond Sports Grp Llc- Warrants 163,947.00 1.00 0.00
B8AC2XW54 Heritage Pwr Llc 181,423.00 90,711.00 0.00
B8AE1JR66 Mitel Networks Intl Lt 2,915.00 29.00 0.00
BL3572783 First Brands Group Llc TRICGR 13.07 03/30/2028 11,098,000.00 155,372.00 0.00
131347CQ7 Calpine Corp CPN 5.0 02/01/2031 250,000.00 250,284.00 0.00
126307BB2 CSC Holdings Llc CSCHLD 4.13 12/01/2030 200,000.00 123,200.00 0.00
126307BD8 CSC Holdings Llc CSCHLD 4.63 12/01/2030 200,000.00 71,241.00 0.00
126307BF3 CSC Holdings Llc CSCHLD 3.38 02/15/2031 200,000.00 120,964.00 0.00
12687GAB5 Cablevision Lightpath Llc CVLGHT 5.63 09/15/2028 200,000.00 197,222.00 0.00
071734AK3 Bausch Health Cos Inc BHCCN 6.25 02/15/2029 25,000.00 20,500.00 0.00
00191AAD8 ARD Finance Sa ARDFIN 6.5 06/30/2027 3,436,205.00 34,362.00 0.00
021ESCAG3 ALTA Mesa Holdings Lp / Alta Mesa Financ ALTMES 12/15/2025 10,985,000.00 10.00 0.00
629571AB6 Nabors Industries Ltd NBR 7.5 01/15/2028 70,000.00 70,255.00 0.00
2A3T5HRAEF Gbp/usd Fwd 20251202 00187 GBP 12/02/2025 -9,456,230.00 196,696.00 0.00
25470XBB0 DISH Dbs Corp DISH 7.38 07/01/2028 125,000.00 116,780.00 0.00
25470XBD6 DISH Dbs Corp DISH 5.13 06/01/2029 175,000.00 151,128.00 0.00
25381HAD0 Digicel Group Holdings Ltd DLLTD 12/31/2030 552,944.00 55.00 0.00
25381HAM0 Digicel Group Holdings Ltd DLLTD 12/31/2030 364,409.00 0.00 0.00
GO8RT73BEO Eur/usd Fwd 20251105 Mslngb2x EUR 11/05/2025 31,341,065.00 -359,774.00 -0.01
SWB8ADHGQL Trswap: Iboxig Index 12/20/2025 Mslsw_r 12/20/2025 -13,916.00 -329,012.00 -0.01
SWB8ADYKA9 Trswap: Iboxig Index 12/22/2025 Mslsw_r 12/22/2025 -32,867.00 -643,280.00 -0.01
CURRENCY Currency -933,507.00 -878,182.00 -0.02

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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.

Robert Cignarella, Robert Spano, Brian Clapp, Michael Gormally, and Brian Lalli of PGIM Fixed Income are primarily responsible for management of the PGIM Short Duration High Yield Income Fund.

Robert Cignarella, CFA
Robert Cignarella, CFA

Managing Director and Head of U.S. High Yield for PGIM Fixed Income

Robert Cignarella, CFA, is a Managing Director and Head of U.S. High Yield for PGIM Fixed Income.

Robert Spano, CFA
Robert Spano, CFA

Principal and Portfolio Manager for PGIM Fixed Income's U.S. High Yield Bond Team

Robert Spano, CFA, CPA, is a Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team.

Brian Clapp
Brian Clapp

Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Team

Brian Clapp, CFA, is a Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Team.

Michael Gormally
Michael Gormally

Principal, Portfolio Manager, and a Trader for PGIM Fixed Income's U.S. High Yield Bond Team

PGIM Fixed Income

Michael Gormally is a Principal, portfolio manager, and trader for PGIM Fixed Income's U.S. High Yield Bond Team

Brian Lalli
Brian Lalli

Principal and portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team

PGIM Fixed Income

Brian Lalli is a Principal and portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team.

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. Standard Deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. 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.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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 (PIMS), 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, 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. ©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.

4341912    Ed. 03/2025

Fund Literature

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