PGIM Active High Yield Bond ETF
$33.58−0.07 (−0.21%)
- 0.39%
- $1.5B
- +2.4%
- 7.13%
- 0.2M sh
- $33.54
- low $33.27high $35.76
The ETF.net PHYL Grade
B
Score 69 out of 100
- 23 of 85
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B58 out of 100Rank 31 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 15 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 34 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 29 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 25 of 85
Our read on PHYL
BA junk-bond ETF with a human at the wheel. PGIM's credit team picks the roughly 500 bonds here instead of buying the index, and charges about what the average high-yield ETF charges to do it.
The fund seeks total return from current income and capital appreciation.
Why people hold it
- Actively managed, yet priced at 0.39%, right at the high-yield ETF median. Active credit picking usually carries a fatter toll booth than that.
- Roughly 500 below-investment-grade positions, so no single blown-up issuer defines the outcome. Income is paid out monthly.
- The portfolio sticks tightly to the stated brief: US high-yield corporate credit, chosen with issuer-level and quantitative risk analysis. One of the closer mandate matches in its peer group.
- Live since 2018, so the strategy has traded through real credit stress rather than a backtest.
Worth knowing
- Index rivals are far cheaper: SCYB at 0.03% and SPHY at 0.05%. The manager's judgment is what the extra fee buys, and active calls can miss.
- This is junk debt by design. Below-investment-grade issuers default more often, and prices tend to swing with the credit cycle rather than with Treasury yields.
- Trading is moderate, not torrential. Spreads can run wider here than on the largest index high-yield ETFs, which matters most for big or hurried orders.
PHYL Holdings
- Bonds
- 825
- 9%
- Net Current Assets
Sectors
- Energy59.0%
- Communication41.1%
Geography
- United States88.50%
- Canada5.74%
- Cayman Islands1.01%
- Australia0.71%
- Japan0.60%
- Malta0.60%
- Luxembourg0.59%
- United Kingdom0.57%
- 1.69%
PHYL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
PHYL$10,244
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PHYL |
|---|---|
| Year to date | 0.0% |
| 1 month | −1.1% |
| 3 months | −1.7% |
| 1 year | +2.4% |
| 3 years | +8.7% |
| 5 years | +3.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PHYL |
|---|---|---|
| 2026 YTD | 0.0% | |
| 2025 | +9.6% | |
| 2024 | +8.4% | |
| 2023 | +11.9% | |
| 2022 | −11.8% | |
| 2021 | +6.2% | |
| 2020 | +6.3% |
PHYL in the news
PHYL Dividends
- 7.13%
- $2.40
- $0.21 per share
- Monthly
Distribution history
PHYL Risk
- 5.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PHYL Cost
0.39%
PHYL0.39%
- The middle half of US High Yield funds
- Median 0.43%
30 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- AHYXFiShares ESG Advanced High Yield Corporate Bond ETFExpense ratio 0.35%1 year return +2.1%
- BHYGiShares iBoxx $ High Yield Corporate Bond ETFExpense ratio 0.49%1 year return +2.5%
- BQHYWisdomTree U.S. High Yield Corporate Bond FundExpense ratio 0.38%1 year return +2.8%
- BXBBondBloxx B Rated USD High Yield Corporate Bond ETFExpense ratio 0.30%1 year return +3.9%
- BHYUPXtrackers High Beta High Yield Bond ETFExpense ratio 0.20%1 year return +1.9%