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PGIM High Yield Fund Scaled Net Operating Assets

: 0.92 (As of May. 2020)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PGIM High Yield Fund's operating assets for the quarter that ended in May. 2020 was $688.89 Mil. PGIM High Yield Fund's operating liabilities for the quarter that ended in May. 2020 was $9.60 Mil. PGIM High Yield Fund's Total Assets for the quarter that ended in Nov. 2019 was $741.50 Mil. Therefore, PGIM High Yield Fund's scaled net operating assets (SNOA) for the quarter that ended in May. 2020 was 0.92.


PGIM High Yield Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PGIM High Yield Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2020 )
=(Operating Assets (A: May. 2020 )-Operating Liabilities (A: May. 2020 ))/Total Assets (A: May. 2019 )
=(688.893-9.605)/728.579
=0.93

where

Operating Assets(A: May. 2020 )
=Total Assets - Cash and cash equivalents
=690.262 - 1.369
=688.893

Operating Liabilities(A: May. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=189.605 - 180 - 0
=9.605

PGIM High Yield Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2020 )
=(Operating Assets (Q: May. 2020 )-Operating Liabilities (Q: May. 2020 ))/Total Assets (Q: Nov. 2019 )
=(688.893-9.605)/741.504
=0.92

where

Operating Assets(Q: May. 2020 )
=Total Assets - Cash and cash equivalents
=690.262 - 1.369
=688.893

Operating Liabilities(Q: May. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=189.605 - 180 - 0
=9.605

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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