About JDYRX
PGIM High Yield Fund Class R is a mutual fund designed to maximize current income, with capital appreciation as a secondary objective. It normally invests at least 80% of its investable assets in high yield bonds, also known as junk bonds, which are lower-rated securities offering higher yields to compensate for increased credit risk. Managed by PGIM Investments since its inception in 1979, the fund features a portfolio turnover of around 42% and a net expense ratio of 1.05%, including 12b-1 fees. Its holdings predominantly consist of domestic bonds (approximately 83.55%), with allocations to non-US bonds (11.17%), preferred securities, and cash equivalents. Top positions include U.S. Treasury notes, PGIM Core Government Money Market holdings, and corporate bonds from issuers like DISH DBS Corporation and Medline Borrower LP, spanning sectors such as telecommunications, healthcare, energy, and consumer services. With total net assets exceeding $20 billion across share classes, the fund pays monthly dividends accrued daily and annual capital gains, playing a key role in high yield bond strategies for income-focused investors in diversified fixed income portfolios.
Fund Family PGIM
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol JDYRX
Share Class Class R
Index Bloomberg US High Yield 1% Issuer TR
JDYRX had a total return of 6.35% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.65%.
