PGIM ESG High Yield Fund (PGAVX)
The fund aims to achieve its investment objective using an ESG methodology for portfolio selection, investing primarily in high yield fixed income instruments that adhere to the sub-adviser's ESG criteria.
Fund Info
Dec 7, 2021
$0
Expense Ratio
PGAVX has an expense ratio of 0.54%, 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 ESG High Yield Fund (PGAVX) returned 1.79% year-to-date (YTD) and 9.19% over the past 12 months.
PGAVX
1.79%
0.00%
2.07%
9.19%
6.13%
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PGAVX, 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 | 1.41% | 0.37% | 0.00% | 0.00% | 0.00% | 1.79% | |||||||
| 2024 | -0.12% | 0.51% | 1.26% | -1.30% | 0.98% | 1.24% | 1.93% | 1.54% | 1.94% | -0.69% | 0.97% | -0.35% | 8.13% |
| 2023 | 3.45% | -1.62% | 1.56% | 1.14% | -0.86% | 1.63% | 1.77% | -0.14% | -1.51% | -1.23% | 4.54% | 3.88% | 13.10% |
| 2022 | -2.89% | -1.16% | -1.25% | -3.85% | 0.23% | -6.91% | 5.82% | -2.49% | -4.57% | 2.91% | 1.85% | -0.40% | -12.58% |
| 2021 | 0.58% | 0.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, PGAVX is among the top 3% 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 ESG High Yield Fund (PGAVX) 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 ESG High Yield Fund provided a 105.54% dividend yield over the last twelve months, with an annual payout of $9.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $9.41 | $0.61 | $0.55 | $0.51 | $0.03 |
Dividend yield | 105.54% | 6.87% | 6.28% | 6.14% | 0.28% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM ESG 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 | $0.05 | $0.03 | $8.92 | $0.00 | $0.00 | $9.00 | |||||||
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.10 | $0.61 |
| 2023 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.51 |
| 2021 | $0.03 | $0.03 |
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 ESG 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 ESG High Yield Fund was 16.80%, occurring on Sep 27, 2022. Recovery took 377 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.8% | Jan 3, 2022 | 185 | Sep 27, 2022 | 377 | Mar 28, 2024 | 562 |
| -2.28% | Apr 1, 2024 | 14 | Apr 18, 2024 | 31 | Jun 3, 2024 | 45 |
| -1.59% | Jul 18, 2024 | 2 | Jul 19, 2024 | 1 | Jul 22, 2024 | 3 |
| -1.44% | Dec 9, 2024 | 9 | Dec 19, 2024 | 19 | Jan 21, 2025 | 28 |
| -1.11% | Oct 1, 2024 | 17 | Oct 23, 2024 | 26 | Nov 29, 2024 | 43 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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