PGIM High Yield Fund - Class R2 (PHYEX)
| Fund Assets | 21.17B |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 6.60% |
| Dividend Growth | -4.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 4.780 |
| YTD Return | -0.64% |
| 1-Year Return | 8.19% |
| 5-Year Return | 16.99% |
| 52-Week Low | 4.630 |
| 52-Week High | 4.920 |
| Beta (5Y) | n/a |
| Holdings | 885 |
| Inception Date | Dec 27, 2017 |
About PHYEX
PGIM High Yield Fund - Class R2 is a mutual fund designed to maximize current income through investments primarily in high-yield bonds rated Ba or lower by Moody's or BB or lower by S&P, with capital appreciation as a secondary objective. It normally allocates at least 80% of its assets to these non-investment grade securities, offering exposure to sectors such as health care, telecom, building materials, gaming, energy midstream, and consumer non-cyclical industries. Key portfolio characteristics include an average maturity of 5.1 years, duration of 2.8 years, and a three-year standard deviation of 5.00, reflecting moderate interest rate sensitivity and volatility. The fund maintains a credit quality profile dominated by BB (46.1%) and B (22.3%) rated bonds, with significant U.S. geographic concentration at 88%. Featuring a net expense ratio of 0.91% and low distribution fees, it supports higher income potential for investors tolerant of credit risk, contributing to the high-yield bond segment of fixed income markets. Total net assets for this share class stand around $26 million, part of a larger fund family exceeding $21 billion.
Performance
PHYEX had a total return of 8.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.26%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.0261 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02318 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02523 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02565 | Dec 31, 2025 |
| Dec 19, 2025 | $0.00596 | Dec 19, 2025 |
| Nov 28, 2025 | $0.02521 | Nov 28, 2025 |