PGIM High Yield Fund - Class R2 (PHYEX)
| Fund Assets | 21.06B |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 6.52% |
| Dividend Growth | -4.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 4.850 |
| YTD Return | 0.32% |
| 1-Year Return | 7.45% |
| 5-Year Return | 21.14% |
| 52-Week Low | 4.380 |
| 52-Week High | 4.860 |
| Beta (5Y) | n/a |
| Holdings | 875 |
| 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 7.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.77%.
Top 10 Holdings
10.19% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 3.5% | T.3.5 10.31.27 | 1.69% |
| United States Treasury Notes 3.875% | T.3.875 11.30.27 | 1.45% |
| PGIM Active High Yield Bond ETF | PHYL | 1.39% |
| United States Treasury Notes 3.625% | T.3.625 08.31.27 | 1.22% |
| DISH DBS Corporation 7.75% | DISH.7.75 07.01.26 | 0.83% |
| PGIM AAA CLO ETF | PAAA | 0.81% |
| Radiate Holdco Llc Pik Term Loan Fifo | n/a | 0.77% |
| Medline Borrower LP 3.875% | MEDIND.3.875 04.01.29 144A | 0.72% |
| Digicel Intl Fin Ltd Common Equity | n/a | 0.67% |
| United States Treasury Notes 4% | T.4 03.31.30 | 0.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Oct 31, 2025 | $0.02677 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02508 | Sep 30, 2025 |