PGIM High Yield Fund Class R6 (PHYQX)
The fund's main objective is to generate income and achieve capital appreciation. It primarily invests in high-yield fixed-income instruments rated Ba or lower by Moody's or BB or lower by S&P, as well as other similar quality instruments such as junk bonds.
Fund Info
| ISIN | US74440Y8848 |
|---|---|
| Issuer | PGIM Funds (Prudential) |
| Inception Date | Oct 31, 2011 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PHYQX features an expense ratio of 0.38%, falling within the medium range.
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: PHYQX vs. PBHAX, PHYQX vs. FXNAX, PHYQX vs. SCHD, PHYQX vs. FIWTX, PHYQX vs. FXAIX, PHYQX vs. PRHYX, PHYQX vs. VITSX, PHYQX vs. JEPQ, PHYQX vs. FDRR, PHYQX vs. PIMIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM High Yield Fund Class R6, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM High Yield Fund Class R6 had a return of 8.42% year-to-date (YTD) and 15.84% in the last 12 months. Over the past 10 years, PGIM High Yield Fund Class R6 had an annualized return of 5.10%, while the S&P 500 had an annualized return of 11.41%, indicating that PGIM High Yield Fund Class R6 did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.42% | 25.70% |
| 1 month | 0.60% | 3.51% |
| 6 months | 6.92% | 14.80% |
| 1 year | 15.84% | 37.91% |
| 5 years (annualized) | 4.25% | 14.18% |
| 10 years (annualized) | 5.10% | 11.41% |
Monthly Returns
The table below presents the monthly returns of PHYQX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.02% | 0.39% | 1.28% | -1.10% | 1.25% | 1.01% | 2.11% | 1.43% | 2.04% | -0.64% | 8.42% | ||
| 2023 | 3.49% | -1.58% | 1.19% | 1.24% | -0.90% | 1.23% | 1.90% | -0.04% | -1.45% | -1.48% | 4.44% | 3.92% | 12.36% |
| 2022 | -2.46% | -0.88% | -1.38% | -3.43% | 0.35% | -6.34% | 5.28% | -2.09% | -4.31% | 2.17% | 2.14% | -0.65% | -11.51% |
| 2021 | 0.67% | 0.63% | 0.17% | 1.38% | 0.47% | 1.01% | 0.47% | 0.63% | 0.25% | -0.29% | -1.01% | 0.86% | 5.36% |
| 2020 | -0.34% | -1.32% | -12.70% | 4.40% | 5.10% | 0.71% | 4.65% | 1.07% | -0.61% | 0.13% | 3.73% | 1.67% | 5.33% |
| 2019 | 4.50% | 1.45% | 1.12% | 1.84% | -1.06% | 2.74% | 0.55% | 0.40% | 0.66% | 0.00% | 0.73% | 2.36% | 16.27% |
| 2018 | 0.89% | -0.77% | -0.54% | 0.50% | 0.17% | 0.54% | 1.08% | 0.96% | 0.28% | -1.49% | -0.75% | -1.94% | -1.12% |
| 2017 | 1.28% | 1.78% | -0.32% | 1.07% | 1.28% | -0.14% | 1.39% | -0.01% | 0.70% | 0.52% | -0.39% | 0.35% | 7.75% |
| 2016 | -1.38% | 0.57% | 4.25% | 3.32% | 0.55% | 0.56% | 2.66% | 2.05% | 0.57% | 0.15% | -0.55% | 2.05% | 15.67% |
| 2015 | 0.22% | 2.32% | 0.00% | 0.90% | 0.54% | -1.26% | 0.04% | -1.31% | -2.08% | 2.50% | -1.91% | -2.51% | -2.66% |
| 2014 | 0.58% | 2.08% | 0.21% | 0.53% | 1.05% | 0.86% | -1.50% | 1.76% | -2.06% | 1.12% | -0.37% | -1.20% | 3.01% |
| 2013 | 1.29% | 0.36% | 1.10% | 1.77% | -0.64% | -2.55% | 1.82% | -0.65% | 1.09% | 2.36% | 0.54% | 0.56% | 7.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PHYQX is 91, placing it in the top 9% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM High Yield Fund Class R6 provided a 7.45% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.34 | $0.32 | $0.31 | $0.34 | $0.35 | $0.34 | $0.35 | $0.36 | $0.36 | $0.37 | $0.39 |
Dividend yield | 7.45% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% | 6.72% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM High Yield Fund Class R6. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.28 | |
| 2023 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.05 | $0.34 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2020 | $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 |
| 2019 | $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 |
| 2018 | $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 |
| 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 | $0.35 |
| 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 | $0.36 |
| 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 | $0.36 |
| 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 | $0.37 |
| 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 | $0.39 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM High Yield Fund Class R6. 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 Class R6 was 21.12%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current PGIM High Yield Fund Class R6 drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.12% | Feb 24, 2020 | 21 | Mar 23, 2020 | 114 | Sep 2, 2020 | 135 |
| -15.91% | Nov 10, 2021 | 221 | Sep 27, 2022 | 377 | Mar 28, 2024 | 598 |
| -11.08% | Jun 2, 2015 | 177 | Feb 11, 2016 | 75 | May 31, 2016 | 252 |
| -5.71% | Sep 4, 2014 | 73 | Dec 16, 2014 | 50 | Mar 2, 2015 | 123 |
| -5.55% | Oct 3, 2018 | 58 | Dec 26, 2018 | 27 | Feb 5, 2019 | 85 |
Volatility
Volatility Chart
The current PGIM High Yield Fund Class R6 volatility is 0.74%, 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.