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Trending ETFs

PGIM High Yield Fund

mutual fund
PHYEX
Dividend policy
Active
Price as of:
$5.6 +0.01 +0%
primary theme
High Yield Bond
PHYEX (Mutual Fund)

PGIM High Yield Fund

Dividend policy
Active
Price as of:
$5.6 +0.01 +0%
primary theme
High Yield Bond
PHYEX (Mutual Fund)
PGIM High Yield Fund
Dividend policy
Active
Price as of:
$5.6 +0.01 +0%
primary theme
High Yield Bond

PHYEX - Snapshot

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 7.4%
  • Net Assets $22.7 B
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$5.59
$5.27
$5.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.92%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 45.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Bond
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare PHYEX to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$6.00

0.00%

$29.65 B

4.29%

$0.26

blocked
blocked
blocked

0.33%

0.23%

$7.91

0.00%

$23.58 B

4.81%

$0.38

blocked
blocked
blocked

1.54%

0.62%

$5.59

0.00%

$22.71 B

5.38%

$0.30

blocked
blocked
blocked

1.45%

0.80%

$10.55

+0.10%

$19.41 B

5.01%

$0.53

blocked
blocked
blocked

4.04%

0.73%

$11.29

+0.27%

$14.99 B

3.14%

$0.35

blocked
blocked
blocked

5.32%

0.68%

Compare PHYEX to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.95

+0.19%

$20.37 B

4.44%

$3.89

blocked
blocked
blocked

0.60%

0.48%

$109.88

+0.19%

$9.78 B

4.57%

$5.01

blocked
blocked
blocked

0.73%

0.40%

$40.30

+0.20%

$6.88 B

4.75%

$1.91

blocked
blocked
blocked

-19.66%

0.15%

$45.89

+0.15%

$5.30 B

4.98%

$2.28

blocked
blocked
blocked

0.92%

0.30%

$27.47

+0.11%

$5.12 B

4.59%

$1.26

blocked
blocked
blocked

1.93%

0.40%

PHYEX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.83%
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM High Yield Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Dec 27, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Spano

Fund Description

The fund normally invests at least 80% of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by S&P Global Ratings (Standard & Poor's), and instruments either rated by another nationally recognized statistical rating organization (NRSRO), or considered to be of comparable quality, that is, junk bonds.


PHYEX - Performance

Return Ranking - Trailing

Period PHYEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -69.0% 13.3% 31.04%
1 Yr 15.8% -14.1% 50.8% 37.93%
3 Yr 7.4%* -11.6% 17.7% 18.54%
5 Yr 7.4%* -5.3% 13.9% 14.81%
10 Yr 6.5%* 1.4% 9.9% 14.00%

* Annualized

Return Ranking - Calendar

Period PHYEX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.4% -75.1% 399.1% 69.08%
2019 9.0% -56.9% 226.1% 23.22%
2018 -7.1% -61.3% -0.4% 21.19%
2017 N/A -49.0% 18.8% N/A
2016 N/A -25.2% 28.6% N/A

Total Return Ranking - Trailing

Period PHYEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -69.0% 13.3% 31.17%
1 Yr 15.8% -16.7% 57.3% 33.46%
3 Yr 7.4%* -11.6% 16.5% 17.65%
5 Yr 7.4%* -5.3% 13.2% 15.06%
10 Yr 6.5%* 1.4% 9.9% 12.60%

* Annualized

Total Return Ranking - Calendar

Period PHYEX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.4% -75.1% 399.1% 69.08%
2019 9.0% -56.9% 23.9% 25.31%
2018 -7.1% -61.3% 1.3% 35.41%
2017 N/A -49.0% 18.8% N/A
2016 N/A -25.2% 39.0% N/A

NAV & Total Return History


PHYEX - Holdings

Concentration Analysis

PHYEX Category Low Category High PHYEX % Rank
Net Assets 22.7 B 3.71 M 29.6 B 1.49%
Number of Holdings 817 1 2442 9.80%
Net Assets in Top 10 2.55 B -493 M 3.93 B 0.74%
Weighting of Top 10 11.32% 2.5% 100.0% 55.00%

Top 10 Holdings

  1. Prudential Invt Portfolios 2 4.78%
  2. Chesapeake Energy Corp Ordinary Shares - New 1.12%
  3. Calpine Corporation 5.12% 0.77%
  4. Tempo Acquisition LLC / Tempo Acquisition Fin Corp 6.75% 0.74%
  5. Bombardier Inc. 7.88% 0.72%
  6. Refinitiv US Holdings Inc 8.25% 0.68%
  7. Digicel Limited 6.75% 0.67%
  8. Ford Motor Company 4.75% 0.65%
  9. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 0.64%
  10. Lumen Technologies Inc 8% 0.63%

Asset Allocation

Weighting Return Low Return High PHYEX % Rank
Bonds
91.33% 0.00% 147.88% 74.19%
Other
4.90% -52.60% 32.06% 0.99%
Stocks
1.96% -10.91% 31.60% 16.87%
Convertible Bonds
0.87% 0.00% 19.02% 75.43%
Preferred Stocks
0.61% 0.00% 19.22% 22.83%
Cash
0.33% -44.84% 100.00% 79.53%

Stock Sector Breakdown

Weighting Return Low Return High PHYEX % Rank
Energy
95.97% 0.00% 100.00% 18.25%
Utilities
1.49% 0.00% 100.00% 23.28%
Basic Materials
1.49% 0.00% 100.00% 34.64%
Consumer Cyclical
1.05% 0.00% 100.00% 33.52%
Technology
0.00% 0.00% 61.28% 73.18%
Real Estate
0.00% 0.00% 100.00% 72.07%
Industrials
0.00% 0.00% 100.00% 78.40%
Healthcare
0.00% 0.00% 60.00% 77.09%
Financial Services
0.00% 0.00% 100.00% 76.54%
Communication Services
0.00% 0.00% 100.00% 83.43%
Consumer Defense
0.00% 0.00% 100.00% 72.25%

Stock Geographic Breakdown

Weighting Return Low Return High PHYEX % Rank
US
1.96% -13.16% 30.16% 16.25%
Non US
0.00% 0.00% 14.47% 79.40%

Bond Sector Breakdown

Weighting Return Low Return High PHYEX % Rank
Corporate
99.06% 0.00% 100.00% 11.43%
Cash & Equivalents
0.48% 0.00% 100.00% 87.83%
Derivative
0.43% 0.00% 46.55% 17.02%
Government
0.03% 0.00% 71.25% 35.28%
Securitized
0.00% 0.00% 95.33% 83.98%
Municipal
0.00% 0.00% 11.44% 70.56%

Bond Geographic Breakdown

Weighting Return Low Return High PHYEX % Rank
US
80.19% 0.00% 123.46% 50.62%
Non US
11.14% 0.00% 97.21% 65.63%

PHYEX - Expenses

Operational Fees

PHYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.01% 4.79% 44.13%
Management Fee 0.37% 0.00% 1.84% 10.20%
12b-1 Fee 0.25% 0.00% 1.00% 44.93%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PHYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

PHYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PHYEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 0.00% 349.00% 18.64%

PHYEX - Distributions

Dividend Yield Analysis

PHYEX Category Low Category High PHYEX % Rank
Dividend Yield 5.24% 0.00% 3.95% 69.51%

Dividend Distribution Analysis

PHYEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PHYEX Category Low Category High PHYEX % Rank
Net Income Ratio 5.83% -2.17% 10.53% 14.27%

Capital Gain Distribution Analysis

PHYEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PHYEX - Fund Manager Analysis

Managers

Robert Spano


Start Date

Tenure

Tenure Rank

Oct 16, 2007

13.72

13.7%

Robert Spano, CFA, CPA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2007, Mr. Spano was a high yield credit analyst for 10 years in Prudential Fixed Income's Credit Research Group, covering the health, lodging, consumer, gaming, restaurants, and chemical industries. Earlier, he worked as an investment analyst in the Project Finance Unit of Prudential Financial’s private placement group. Mr. Spano also held positions in the internal audit and risk management units of Prudential Securities. He received a BS in Accounting from the University of Delaware and an MBA from New York University. Mr. Spano holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.

Ryan Kelly


Start Date

Tenure

Tenure Rank

Feb 29, 2012

9.34

9.3%

Ryan Kelly, CFA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2012, Mr. Kelly was a high yield credit analyst for nearly 10 years in Prudential Fixed Income's Credit Research Group, covering the automotive, energy, and finance sectors. Previously, Mr. Kelly was a senior high yield bond analyst at Muzinich & Company. Earlier, he was a senior associate at PNC Capital Markets/PNC Bank where he worked in the high yield bond, mergers and acquisition (M&A) and loan syndication groups. Mr. Kelly began his career as an investment banker at Chase Manhattan Bank, working on project finance transactions and M&A advisory mandates for the electric power sector. He earned a BA in Economics from Michigan State University and holds the Chartered Financial Analyst (CFA) designation.

Brian Clapp


Start Date

Tenure

Tenure Rank

Jun 01, 2013

8.08

8.1%

Brian Clapp, CFA, is Principal and high yield portfolio manager for PGIM Fixed Income's High Yield Team. Previously, Mr. Clapp was a senior high yield credit analyst on PGIM Fixed Income’s Credit Research team. He joined Prudential Financial in 2006 from Muzinich & Co. While there, Mr. Clapp held several positions, including portfolio manager for a high yield bond based hedge fund, hedge fund credit analyst, and credit analyst covering the chemical, industrial, and transportation sectors. Earlier at Triton Partners, an institutional high yield fund manager, Mr. Clapp was a credit analyst covering the metals and mining, healthcare, homebuilding, building products and transportation sectors. He received a BS in Finance from Bryant College, and an MS in Computational Finance, and an MBA from Carnegie Mellon. Mr. Clapp holds the Chartered Financial Analyst (CFA) designation.

Daniel Thorogood


Start Date

Tenure

Tenure Rank

Mar 05, 2014

7.33

7.3%

Daniel Thorogood, CFA, is a Principal and a high yield portfolio manager for PGIM Fixed Income’s High Yield Team. Mr. Thorogood is also responsible for portfolio strategy and managing high yield bond allocations in multi-sector portfolios. Prior to joining the High Yield Team, Mr. Thorogood was a member of PGIM Fixed Income’s Quantitative Research and Risk Management Group. Mr. Thorogood was the head of a team of portfolio analysts who support the firm's credit-related strategies, including investment grade corporate, high yield corporate, and emerging market debt sectors. The team was primarily responsible for performing detailed portfolio analysis relative to benchmarks, monitoring portfolio risk exposures, and analyzing performance through proprietary return attribution models. Prior to joining the Quantitative Research and Risk Management Group in 1996, Mr. Thorogood was Associate Manager in PGIM Fixed Income's Trade Support and Operations Unit. He received a BS in Finance from Florida State University and an MBA in Finance from Rutgers University. Mr. Thorogood holds the Chartered Financial Analyst (CFA) designation.

Robert Cignarella


Start Date

Tenure

Tenure Rank

Mar 05, 2014

7.33

7.3%

Robert Cignarella, CFA, is a Managing Director and Head of PGIM Fixed Income's Leveraged Finance Team, which includes the US and European High Yield Bond and Bank Loan sector teams. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago, and a bachelor’s degree in operations research and industrial engineering from Cornell University. He holds the Chartered Financial Analyst (CFA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 36.88 6.8 2.0