PHYL: PGIM Active High Yield Bond ETF - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$41.44

-

5.38%

$2.23

0.53%

Vitals

YTD Return

2.2%

1 yr return

11.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$87 M

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$41.42
$39.33
$41.47

Expenses

OPERATING FEES

Expense Ratio 0.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$41.44

-

5.38%

$2.23

0.53%

PHYL - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.37%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Active High Yield Bond ETF
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Sep 24, 2018
  • Shares Outstanding
    2100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Clapp

Fund Description

Under normal market conditions, the fund invests at least 80% of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments (including derivatives) with similar economic characteristics. It may invest in securities which are the subject of bankruptcy proceedings or otherwise in default as to the repayment of principal and/or interest at the time of acquisition by the fund or are rated in the lower rating categories or, if unrated, are in the judgment of the Subadviser of equivalent quality.


PHYL - Performance

Return Ranking - Trailing

Period PHYL Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -69.1% 11.5% 25.62%
1 Yr 11.0% -16.2% 44.9% 32.09%
3 Yr N/A* -12.1% 17.4% N/A
5 Yr N/A* -5.6% 13.4% N/A
10 Yr N/A* 1.8% 10.9% N/A

* Annualized

Return Ranking - Calendar

Period PHYL Return Category Return Low Category Return High Rank in Category (%)
2020 -1.6% -75.1% 399.1% 71.37%
2019 8.5% -56.9% 226.1% 36.91%
2018 N/A -61.3% -0.4% N/A
2017 N/A -49.0% 18.8% N/A
2016 N/A -25.2% 28.6% N/A

Total Return Ranking - Trailing

Period PHYL Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -69.1% 11.5% 27.57%
1 Yr 11.0% -18.7% 52.4% 28.09%
3 Yr N/A* -12.1% 16.3% N/A
5 Yr N/A* -5.6% 12.7% N/A
10 Yr N/A* 1.8% 10.9% N/A

* Annualized

Total Return Ranking - Calendar

Period PHYL Return Category Return Low Category Return High Rank in Category (%)
2020 -1.6% -75.1% 399.1% 71.37%
2019 8.5% -56.9% 23.9% 39.77%
2018 N/A -61.3% 0.9% N/A
2017 N/A -49.0% 18.8% N/A
2016 N/A -25.2% 39.0% N/A

PHYL - Holdings

Concentration Analysis

PHYL Category Low Category High PHYL % Rank
Net Assets 87 M 2.66 M 30.1 B 84.06%
Number of Holdings 533 1 2534 25.19%
Net Assets in Top 10 14.4 M -557 M 4.07 B 72.57%
Weighting of Top 10 20.73% 3.1% 100.0% 25.25%

Top 10 Holdings

  1. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  2. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  3. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  4. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  5. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  6. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  7. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  8. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  9. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%
  10. Future Contract On Us 5yr Note (Cbt) Mar21 7.26%

Asset Allocation

Weighting Return Low Return High PHYL % Rank
Bonds
94.23% 0.00% 147.88% 50.25%
Other
3.42% -52.60% 32.06% 2.62%
Stocks
1.15% 0.00% 38.15% 28.80%
Cash
0.74% -46.64% 100.00% 74.56%
Preferred Stocks
0.38% 0.00% 13.89% 31.42%
Convertible Bonds
0.09% 0.00% 19.02% 90.77%

Stock Sector Breakdown

Weighting Return Low Return High PHYL % Rank
Energy
100.00% 0.00% 100.00% 8.82%
Utilities
0.00% 0.00% 100.00% 60.23%
Technology
0.00% 0.00% 60.77% 60.23%
Real Estate
0.00% 0.00% 100.00% 55.72%
Industrials
0.00% 0.00% 100.00% 68.67%
Healthcare
0.00% 0.00% 42.19% 60.23%
Financial Services
0.00% 0.00% 100.00% 66.98%
Communication Services
0.00% 0.00% 100.00% 74.67%
Consumer Defense
0.00% 0.00% 100.00% 56.29%
Consumer Cyclical
0.00% 0.00% 100.00% 65.85%
Basic Materials
0.00% 0.00% 100.00% 68.67%

Stock Geographic Breakdown

Weighting Return Low Return High PHYL % Rank
US
1.15% -1.89% 35.96% 27.56%
Non US
0.00% -0.04% 5.61% 67.33%

Bond Sector Breakdown

Weighting Return Low Return High PHYL % Rank
Corporate
88.00% 0.00% 100.00% 79.40%
Government
10.95% 0.00% 99.67% 5.37%
Cash & Equivalents
1.05% 0.00% 100.00% 80.77%
Derivative
0.00% 0.00% 46.55% 62.17%
Securitized
0.00% 0.00% 95.35% 71.91%
Municipal
0.00% 0.00% 11.44% 51.06%

Bond Geographic Breakdown

Weighting Return Low Return High PHYL % Rank
US
82.73% 0.00% 135.78% 35.66%
Non US
11.50% 0.00% 96.89% 62.09%

PHYL - Expenses

Operational Fees

PHYL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.03% 4.79% 82.48%
Management Fee 0.53% 0.00% 1.84% 41.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PHYL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

PHYL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PHYL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 349.00% 35.04%

PHYL - Distributions

Dividend Yield Analysis

PHYL Category Low Category High PHYL % Rank
Dividend Yield 5.38% 0.00% 34.04% 53.03%

Dividend Distribution Analysis

PHYL Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PHYL Category Low Category High PHYL % Rank
Net Income Ratio 6.37% -2.17% 10.53% 6.19%

Capital Gain Distribution Analysis

PHYL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History

View More +

PHYL - Fund Manager Analysis

Managers

Brian Clapp


Start Date

Tenure

Tenure Rank

Sep 24, 2018

2.94

2.9%

Brian Clapp, CFA, is Principal and high yield portfolio manager for PGIM Fixed Income's High Yield Team. Previously, Mr. Clapp was a senior high yield credit analyst on PGIM Fixed Income’s Credit Research team. He joined Prudential Financial in 2006 from Muzinich & Co. While there, Mr. Clapp held several positions, including portfolio manager for a high yield bond based hedge fund, hedge fund credit analyst, and credit analyst covering the chemical, industrial, and transportation sectors. Earlier at Triton Partners, an institutional high yield fund manager, Mr. Clapp was a credit analyst covering the metals and mining, healthcare, homebuilding, building products and transportation sectors. He received a BS in Finance from Bryant College, and an MS in Computational Finance, and an MBA from Carnegie Mellon. Mr. Clapp holds the Chartered Financial Analyst (CFA) designation.

Ryan Kelly


Start Date

Tenure

Tenure Rank

Sep 24, 2018

2.94

2.9%

Ryan Kelly, CFA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2012, Mr. Kelly was a high yield credit analyst for nearly 10 years in Prudential Fixed Income's Credit Research Group, covering the automotive, energy, and finance sectors. Previously, Mr. Kelly was a senior high yield bond analyst at Muzinich & Company. Earlier, he was a senior associate at PNC Capital Markets/PNC Bank where he worked in the high yield bond, mergers and acquisition (M&A) and loan syndication groups. Mr. Kelly began his career as an investment banker at Chase Manhattan Bank, working on project finance transactions and M&A advisory mandates for the electric power sector. He earned a BA in Economics from Michigan State University and holds the Chartered Financial Analyst (CFA) designation.

Daniel Thorogood


Start Date

Tenure

Tenure Rank

Sep 24, 2018

2.94

2.9%

Daniel Thorogood, CFA, is a Principal and a high yield portfolio manager for PGIM Fixed Income’s High Yield Team. Mr. Thorogood is also responsible for portfolio strategy and managing high yield bond allocations in multi-sector portfolios. Prior to joining the High Yield Team, Mr. Thorogood was a member of PGIM Fixed Income’s Quantitative Research and Risk Management Group. Mr. Thorogood was the head of a team of portfolio analysts who support the firm's credit-related strategies, including investment grade corporate, high yield corporate, and emerging market debt sectors. The team was primarily responsible for performing detailed portfolio analysis relative to benchmarks, monitoring portfolio risk exposures, and analyzing performance through proprietary return attribution models. Prior to joining the Quantitative Research and Risk Management Group in 1996, Mr. Thorogood was Associate Manager in PGIM Fixed Income's Trade Support and Operations Unit. He received a BS in Finance from Florida State University and an MBA in Finance from Rutgers University. Mr. Thorogood holds the Chartered Financial Analyst (CFA) designation.

Robert Cignarella


Start Date

Tenure

Tenure Rank

Sep 24, 2018

2.94

2.9%

Robert Cignarella, CFA, is a Managing Director and Head of PGIM Fixed Income's Leveraged Finance Team, which includes the US and European High Yield Bond and Bank Loan sector teams. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago, and a bachelor’s degree in operations research and industrial engineering from Cornell University. He holds the Chartered Financial Analyst (CFA) designation.

Robert Spano


Start Date

Tenure

Tenure Rank

Sep 24, 2018

2.94

2.9%

Robert Spano, CFA, CPA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2007, Mr. Spano was a high yield credit analyst for 10 years in Prudential Fixed Income's Credit Research Group, covering the health, lodging, consumer, gaming, restaurants, and chemical industries. Earlier, he worked as an investment analyst in the Project Finance Unit of Prudential Financial’s private placement group. Mr. Spano also held positions in the internal audit and risk management units of Prudential Securities. He received a BS in Accounting from the University of Delaware and an MBA from New York University. Mr. Spano holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 37.05 6.82 2.17