About PHYGX
PGIM High Yield Fund R4 is a mutual fund share class designed to maximize current income through investments primarily in high-yield bonds. These bonds are rated Ba or lower by Moody's or BB or lower by Standard & Poor's, with capital growth as a secondary objective. The fund targets higher current income and potential capital appreciation for investors willing to accept elevated risk levels. It features a portfolio with an average maturity of about 5.1 years and duration of approximately 2.9 years, focusing on sectors such as telecom, building materials, gaming, lodging, leisure, health care, pharmaceuticals, and energy. Credit quality allocation emphasizes BB (45.3%) and B (21.4%) rated bonds, alongside smaller portions in investment-grade and lower-rated categories. Geographically, it is predominantly U.S.-focused at 87.7%, with exposure to Canada, the United Kingdom, and other regions. The fund pays dividends monthly, accrued daily, and distributes capital gains annually. Managed by PGIM Fixed Income's U.S. High Yield team, including Robert Cignarella as Head of U.S. High Yield, it plays a key role in providing income-oriented fixed income solutions within the high yield bond category.
Fund Family PGIM
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PHYGX
Share Class Class R4
Index Bloomberg US High Yield 1% Issuer TR
PHYGX had a total return of 1.70% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.31%.
