Key stats
About PGIM Active High Yield Bond ETF
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Inception date
Sep 24, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A2069
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.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PHYL assets under management is 425.11 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PHYL invests in bonds. See more details in our Analysis section.
PHYL expense ratio is 0.39%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PHYL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, PHYL pays dividends to its holders with the dividend yield of 7.56%.
PHYL shares are issued by Prudential Financial, Inc.
PHYL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 24, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.