# PGIM Active High Yield Bond ETF (PHYL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/phyl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2018-09-24 PGIM ETF Trust - PGIM Active High Yield Bond ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets of the United States. The fund invests directly and through derivatives in high yield bonds issued by companies or governments including U.S. government, its agencies and instrumentalities, commercial paper, asset-backed securities, mortgage-backed securities, variable and floating rate instruments, bills, notes and other obligations issued by banks, corporations and other companies (includin... ## Key Facts | Metric | Value | |---|---| | Price | $33.79 | | Expense Ratio | 0.39% | | Assets Under Management | $1.51B | | NAV | $33.66 | | Holdings Count | 476 | | Distribution Yield (TTM) | 7.10% | | Annual Distribution (TTM) | $2.40 /share | | Distribution Frequency | Monthly | | 52-Week Range | $33.27 – $35.76 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.2065 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does PHYL invest in? PGIM ETF Trust - PGIM Active High Yield Bond ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets of the United States. The fund invests directly and through derivatives in high yield bonds issued by companies or governments including U.S. government, its agencies and instrumentalities, commercial paper, asset-backed securities, mortgage-backed securities, variable and floating rate instruments, bills, notes and other obligations issued by banks, corporations and other companies (including trust structures), convertible and non-convertible securities (including preferred stocks), loan participations and assignments, obligations issued by non-U.S. banks, companies or non-U.S. governments, and municipal bonds and notes that are rated Ba1 or lower by Moody’s Investors Service, Inc., BB+ or lower by S&P Global Ratings or Fitch, Inc. The fund employs fundamental and quantitative analysis with bottom-up and top-down security picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against the Bloomberg US High Yield Very Liquid Index. The fund employs proprietary research to create its portfolio. PGIM ETF Trust - PGIM Active High Yield Bond ETF was formed on September 24, 2018 and is domiciled in the United States. ### What is the expense ratio of PHYL? PGIM Active High Yield Bond ETF (PHYL) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PHYL's dividend yield? PHYL's trailing-twelve-month yield is 7.10%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PHYL? Effective duration measures PHYL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PHYL's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PHYL? PHYL's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PHYL? Yield to maturity (YTM) is the total return you'd earn from PHYL if every bond in the portfolio is held to maturity at the current price. PHYL's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PHYL pay a dividend? Yes, PGIM Active High Yield Bond ETF (PHYL) distributes dividends to shareholders. The trailing-twelve-month yield is 7.10%. Full dividend history is on this page. ### How often does PHYL pay dividends? PGIM Active High Yield Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PHYL's next ex-dividend date? The most recently announced ex-dividend date for PHYL was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PHYL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PHYL charge its expense ratio? The expense ratio is deducted in tiny daily slices from PHYL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PHYL cost more than a fund like VOO? PHYL is actively managed (current expense ratio 0.39%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PHYL's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PHYL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PHYL (0.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/phyl - Distribution history: https://www.dividenddata.com/funds/phyl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/phyl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/phyl/expenses - Peer comparison: https://www.dividenddata.com/funds/phyl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.