PGIM High Yield Fund

Frequently Asked Questions About PHYQX

What does PHYQX invest in?

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 comparably rated by another nationally recognized statistical rating organization ("NRSRO"), or considered to be of comparable quality, that is, junk bonds.

What is the expense ratio of PHYQX?

PGIM High Yield Fund (PHYQX) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations.

What is PHYQX's dividend yield?

PHYQX's trailing-twelve-month yield is 6.73%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PHYQX?

Effective duration measures PHYQX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PHYQX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PHYQX?

PHYQX'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 PHYQX?

Yield to maturity (YTM) is the total return you'd earn from PHYQX if every bond in the portfolio is held to maturity at the current price. PHYQX'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.