PGIM High Yield Fund Class C (PRHCX)

The PGIM High Yield Fund Class C (PRHCX) is a mutual fund that primarily invests in high-yield, or "junk," bonds. These bonds are issued by companies with lower credit ratings, making them riskier but also potentially more lucrative. This fund is managed by PGIM Investments, a global asset management firm, and aims to provide investors with a high level of current income while also seeking capital appreciation. As a Class C fund, it may have higher fees and expenses compared to other classes of the same fund. Overall, PRHCX is a high-risk, high-reward mutual fund option for investors seeking exposure to the high-yield bond market.