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PGIM High Yield Fund (PBHAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US74440Y1082

CUSIP

74440Y108

Issuer

PGIM Investments

Inception Date

Jan 22, 1990

Min. Investment

$1,000

Asset Class

Bond

Share Price Chart


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Compare to other instruments

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


Popular comparisons:
PBHAX vs. USHY PBHAX vs. PHYQX PBHAX vs. BND PBHAX vs. PFIUX PBHAX vs. SPYD PBHAX vs. INPFX PBHAX vs. BIL PBHAX vs. VDIGX PBHAX vs. VWEHX PBHAX vs. VHYAX
Popular comparisons:
PBHAX vs. USHY PBHAX vs. PHYQX PBHAX vs. BND PBHAX vs. PFIUX PBHAX vs. SPYD PBHAX vs. INPFX PBHAX vs. BIL PBHAX vs. VDIGX PBHAX vs. VWEHX PBHAX vs. VHYAX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in PGIM High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


1,000.00%1,200.00%1,400.00%1,600.00%JuneJulyAugustSeptemberOctoberNovember
967.79%
1,631.55%
PBHAX (PGIM High Yield Fund)
Benchmark (^GSPC)

Returns By Period

PGIM High Yield Fund had a return of 7.64% year-to-date (YTD) and 13.70% in the last 12 months. Over the past 10 years, PGIM High Yield Fund had an annualized return of 4.74%, while the S&P 500 had an annualized return of 11.18%, indicating that PGIM High Yield Fund did not perform as well as the benchmark.


PBHAX

YTD

7.64%

1M

0.57%

6M

6.28%

1Y

13.70%

5Y (annualized)

3.85%

10Y (annualized)

4.74%

^GSPC (Benchmark)

YTD

25.15%

1M

2.74%

6M

12.53%

1Y

30.93%

5Y (annualized)

13.79%

10Y (annualized)

11.18%

Monthly Returns

The table below presents the monthly returns of PBHAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.04%0.34%1.24%-1.12%1.23%0.96%2.09%1.39%2.01%-0.67%7.64%
20233.24%-1.41%1.14%1.20%-0.93%1.21%1.64%0.15%-1.47%-1.50%4.42%3.89%11.97%
2022-2.49%-1.09%-1.23%-3.66%0.53%-6.36%5.25%-2.13%-4.36%2.15%2.12%-0.69%-11.84%
20210.64%0.42%0.31%1.36%0.45%0.98%0.43%0.59%0.04%-0.13%-1.23%1.01%4.96%
2020-0.37%-1.36%-12.74%4.36%5.06%0.67%4.61%1.05%-0.65%0.10%3.70%1.63%4.86%
20194.48%1.43%1.10%1.80%-1.08%2.72%0.51%0.37%0.62%-0.03%0.70%2.34%15.89%
20180.67%-0.63%-0.58%0.48%0.13%0.50%1.06%0.93%0.24%-1.53%-0.78%-1.98%-1.53%
20171.45%1.75%-0.34%1.04%1.25%-0.18%1.35%-0.05%0.67%0.49%-0.43%0.33%7.54%
2016-1.62%0.53%4.42%3.10%0.53%0.73%2.64%1.83%0.74%0.13%-0.77%2.03%15.09%
20150.19%2.47%-0.21%1.04%0.34%-1.28%0.02%-1.17%-2.30%2.47%-1.74%-2.53%-2.82%
20140.54%2.06%0.17%0.50%1.04%0.84%-1.37%1.55%-2.10%1.26%-0.40%-1.42%2.63%
20131.26%0.51%0.89%1.91%-0.66%-2.59%1.79%-0.68%1.07%2.51%0.35%0.54%7.00%

Expense Ratio

PBHAX features an expense ratio of 0.75%, falling within the medium range.


Expense ratio chart for PBHAX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of PBHAX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of PBHAX is 8989
Combined Rank
The Sharpe Ratio Rank of PBHAX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PBHAX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PBHAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of PBHAX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of PBHAX is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for PBHAX, currently valued at 3.40, compared to the broader market-1.000.001.002.003.004.005.003.402.53
The chart of Sortino ratio for PBHAX, currently valued at 6.14, compared to the broader market0.005.0010.006.143.39
The chart of Omega ratio for PBHAX, currently valued at 1.89, compared to the broader market1.002.003.004.001.891.47
The chart of Calmar ratio for PBHAX, currently valued at 1.84, compared to the broader market0.005.0010.0015.0020.0025.001.843.65
The chart of Martin ratio for PBHAX, currently valued at 21.37, compared to the broader market0.0020.0040.0060.0080.00100.0021.3716.21
PBHAX
^GSPC

The current PGIM High Yield Fund Sharpe ratio is 3.40. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of PGIM High Yield Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.40
2.53
PBHAX (PGIM High Yield Fund)
Benchmark (^GSPC)

Dividends

Dividend History

PGIM High Yield Fund provided a 7.14% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.


5.50%6.00%6.50%$0.00$0.10$0.20$0.30$0.4020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.34$0.32$0.31$0.29$0.31$0.33$0.32$0.33$0.34$0.34$0.35$0.37

Dividend yield

7.14%6.77%6.74%5.25%5.70%5.99%6.27%6.01%6.20%6.65%6.37%6.39%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.27
2023$0.03$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.03$0.05$0.32
2022$0.02$0.02$0.03$0.02$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.04$0.31
2021$0.03$0.02$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.29
2020$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.33
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.32
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2013$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37

Drawdowns

Drawdowns Chart

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.67%
-0.53%
PBHAX (PGIM High Yield Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the PGIM High Yield 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 Fund was 28.75%, occurring on Dec 15, 2008. Recovery took 161 trading sessions.

The current PGIM High Yield Fund drawdown is 0.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.75%May 22, 2008143Dec 15, 2008161Aug 6, 2009304
-21.14%Feb 24, 202021Mar 23, 2020142Oct 13, 2020163
-19.33%Jul 24, 19981069Oct 10, 2002160Jun 2, 20031229
-16.17%Nov 10, 2021221Sep 27, 2022424Jun 5, 2024645
-14.77%Jul 24, 199064Oct 19, 1990110Mar 22, 1991174

Volatility

Volatility Chart

The current PGIM High Yield Fund volatility is 0.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.70%
3.97%
PBHAX (PGIM High Yield Fund)
Benchmark (^GSPC)