Key stats
About PGIM Active High Yield Bond ETF
Expense ratio
0.53%
Home page
Inception date
Sep 24, 2018
PHYL mainly holds USD-denominated corporate bonds, though up to 20% of the portfolio may be foreign-denominated with a currency hedge applied. However, note that this fund may hold unlimited amounts of high-yield USD bonds from any issuer or geography, including sovereign and/or emerging-market debt. In addition, the funds mandate allows it to hold nearly any type of debt, including variable-rate, convertible, municipal, or MBS/ABS. PHYLs active manager applies both top-down economic analysis and bottom-up, fundamental research to identify issuers with improving credit profiles. The fund manages ongoing portfolio credit risk with daily risk assessments.
Classification
What's in the fund
Exposure type
Corporate
Stocks0.94%
Utilities0.65%
Finance0.17%
Energy Minerals0.12%
Bonds, Cash & Other99.06%
Corporate84.58%
Miscellaneous7.60%
Securitized4.05%
Cash1.96%
Government0.51%
Loans0.35%