---
ticker: "PHYL"
name: "PGIM Active High Yield Bond ETF"
url: "https://etf.net/etf/PHYL"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "US High Yield"
category_rank: "23 of 85"
methodology: "https://etf.net/methodology"
---

# PHYL: PGIM Active High Yield Bond ETF

Grade **B**, Score 69 of 100. Rank 23 of 85 in US High Yield.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 58 | 31 of 85 |
| Mission | 100 | 1 of 74 |
| Risk | 60 | 15 of 85 |
| Tradability | 53 | 34 of 85 |
| Holdings | 72 | 29 of 85 |
| Durability | 68 | 25 of 85 |

## Top holdings

The fund holds 825 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Net Current Assets | 2.09% |
| 2 | — | (PIPA070) PGIM Core Government Money Market Fund | 1.57% |
| 3 | PAAA | Pgim Aaa Clo Etf | 0.96% |
| 4 | — | Ice: (CDX.NA.HY.47.V1) | 0.90% |
| 5 | — | Radiate Holdco Llc | 0.78% |
| 6 | — | Tenneco Inc | 0.67% |
| 7 | — | Meridian Arc Holdco Llc | 0.62% |
| 8 | — | Coreweave Inc | 0.56% |
| 9 | — | Level 3 Financing Inc | 0.55% |
| 10 | — | Trident Tpi Holdings Inc | 0.54% |
| 11 | — | Sv Rno Property Owner 1 Llc | 0.54% |
| 12 | — | Carvana Co | 0.51% |
| 13 | — | Pr Rno Property Owner 1 Llc | 0.50% |
| 14 | — | Davita Inc | 0.50% |
| 15 | — | Bombardier Inc | 0.50% |
| 16 | — | Freedom Mortgage Corp | 0.50% |
| 17 | — | Prime Healthcare Services Inc | 0.49% |
| 18 | — | Allied Universal Holdco Llc / Allied Universal Finance Corp | 0.49% |
| 19 | — | Lifepoint Health Inc | 0.48% |
| 20 | — | Herc Holdings Inc | 0.47% |
| 21 | — | Gen Digital Inc | 0.47% |
| 22 | — | Clue Opco Llc | 0.47% |
| 23 | — | Wulf Compute Llc | 0.47% |
| 24 | — | Tenet Healthcare Corp | 0.46% |
| 25 | — | Connect Holding Ii Llc | 0.46% |
| 26 | — | Uniti Group Lp / Uniti Group Finance 2019 Inc / Csl Capital Llc | 0.45% |
| 27 | — | Neptune Bidco Us Inc | 0.45% |
| 28 | — | Vistra Operations Co Llc | 0.44% |
| 29 | — | Rocket Cos Inc | 0.44% |
| 30 | — | Echostar Corp | 0.43% |

Source: etf.net, https://etf.net/etf/PHYL. Please cite the page URL.