PGIM High Yield Fund (PBHAX)
The investment seeks to maximize current income; and capital appreciation is a secondary objective. The fund normally invests at least 80% of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by S&P Global Ratings (S&P), and instruments either rated by another nationally recognized statistical rating organization (NRSRO), or considered to be of comparable quality, that is, junk bonds.
Fund Info
US74440Y1082
74440Y108
Jan 22, 1990
$1,000
Expense Ratio
PBHAX has an expense ratio of 0.75%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
PGIM High Yield Fund (PBHAX) returned 1.66% year-to-date (YTD) and 8.53% over the past 12 months. Over the past 10 years, PBHAX returned 4.73% annually, underperforming the S&P 500 benchmark at 10.78%.
PBHAX
1.66%
2.36%
1.90%
8.53%
5.92%
4.73%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.62% | 0.94% | -1.09% | -0.63% | 0.85% | 1.66% | |||||||
| 2024 | -0.04% | 0.34% | 1.24% | -1.12% | 1.23% | 0.96% | 2.09% | 1.39% | 2.02% | -0.67% | 0.75% | -0.30% | 8.12% |
| 2023 | 3.24% | -1.41% | 1.14% | 1.20% | -0.93% | 1.21% | 1.63% | 0.16% | -1.47% | -1.50% | 4.42% | 3.89% | 11.97% |
| 2022 | -2.49% | -1.09% | -1.24% | -3.66% | 0.53% | -6.36% | 5.26% | -2.13% | -4.36% | 2.15% | 2.12% | -0.69% | -11.84% |
| 2021 | 0.64% | 0.42% | 0.31% | 1.36% | 0.45% | 0.97% | 0.43% | 0.59% | 0.04% | -0.12% | -1.22% | 1.01% | 4.96% |
| 2020 | -0.38% | -1.36% | -12.74% | 4.36% | 5.05% | 0.67% | 4.61% | 1.05% | -0.65% | 0.10% | 3.70% | 1.64% | 4.86% |
| 2019 | 4.48% | 1.43% | 1.10% | 1.80% | -1.08% | 2.72% | 0.51% | 0.37% | 0.62% | -0.03% | 0.70% | 2.34% | 15.89% |
| 2018 | 0.67% | -0.63% | -0.58% | 0.48% | 0.13% | 0.51% | 1.06% | 0.93% | 0.24% | -1.53% | -0.79% | -1.98% | -1.53% |
| 2017 | 1.45% | 1.75% | -0.34% | 1.04% | 1.24% | -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% | 1.82% | 0.74% | 0.13% | -0.77% | 2.03% | 15.09% |
| 2015 | 0.18% | 2.47% | -0.21% | 1.04% | 0.34% | -1.28% | 0.02% | -1.17% | -2.30% | 2.47% | -1.74% | -2.53% | -2.82% |
| 2014 | 0.55% | 2.06% | 0.18% | 0.50% | 1.04% | 0.84% | -1.37% | 1.55% | -2.10% | 1.26% | -0.40% | -1.42% | 2.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, PBHAX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
PGIM High Yield Fund provided a 7.07% 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.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.32 | $0.31 | $0.35 | $0.31 | $0.33 | $0.32 | $0.33 | $0.34 | $0.34 | $0.35 |
Dividend yield | 7.07% | 7.13% | 6.76% | 6.72% | 6.35% | 5.71% | 5.95% | 6.26% | 6.00% | 6.20% | 6.65% | 6.37% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.34 |
| 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 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.31 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 | $0.35 |
| 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 | $0.02 | $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 |
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.
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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 0.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.75% | May 22, 2008 | 143 | Dec 15, 2008 | 161 | Aug 6, 2009 | 304 |
| -21.14% | Feb 24, 2020 | 21 | Mar 23, 2020 | 142 | Oct 13, 2020 | 163 |
| -19.33% | Jul 24, 1998 | 1073 | Oct 16, 2002 | 156 | Jun 2, 2003 | 1229 |
| -16.17% | Nov 10, 2021 | 221 | Sep 27, 2022 | 424 | Jun 5, 2024 | 645 |
| -14.77% | Jul 24, 1990 | 64 | Oct 19, 1990 | 110 | Mar 22, 1991 | 174 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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