PGIM High Yield Bond Fund (ISD)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PGIM High Yield Bond Fund (ISD) is down 9.9% since the beginning of the year. ISD is currently trading at $12 per share. Investors who bought $1,000 worth of ISD shares 5 years ago would now be looking at an investment worth $1,230.

PGIM High Yield Bond Fund (ISD) has returned -9.89% so far this year and -4.69% over the past 12 months. Over the last ten years, ISD has returned 6.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Apr 27, 2012, ISD's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jan 2023 with a return of +10.0%, while the worst month was Mar 2020 at -18.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ISD closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +9.9%, while the worst single day was Mar 18, 2020 at -15.6%.

PGIM High Yield Bond Fund has an annualized alpha of 0.29%, beta of 0.46, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since April 27, 2012.

• This fund participated in 64.92% of S&P 500 Index downside but only 48.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.46 may look defensive, but with R2 of 0.32 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

ISD has an expense ratio of 0.02%, which is considered low.

ISD ranks 1 for risk / return — above 1% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

PGIM High Yield Bond Fund provided a 10.13% dividend yield over the last twelve months, with an annual payout of $1.26 per share. The fund has been increasing its distributions for 7 consecutive years.

The table displays the monthly dividend distributions for PGIM High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PGIM High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PGIM High Yield Bond Fund was 38.88%, occurring on Mar 23, 2020. Recovery took 174 trading sessions.

The current PGIM High Yield Bond Fund drawdown is 11.81%.

The chart below shows the rolling one-month volatility.