PGIM Strategic Bond Fund Class Z

Under typical market conditions, the fund allocates a minimum of 80% of its investable assets to debt instruments featuring a variety of repayment dates. These fixed income holdings may include a broad spectrum of assets such as corporate bonds, debentures, promissory notes, commercial paper, and other comparable debt obligations. The portfolio can also incorporate mortgage-backed securities, asset-backed securities, government-issued municipal bonds, syndicated loan assignments and participations, short-term money market instruments, and various derivatives linked to or referencing these security types.