PGIM Active High Yield Bond ETF
PHYL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- Sep 27, 2018
- CIK
- 0001727074
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Active High Yield Bond ETF (PHYL) is an actively managed exchange-traded fund that seeks total return through a combination of current income and capital appreciation by investing primarily in high yield corporate bonds; it benchmarks performance against the Bloomberg US High Yield Very Liquid Index and features a portfolio with average maturity of 4.9 years, duration of 2.9 years, and credit quality allocations including 52.1% BB-rated, 25.0% B-rated, and 9.7% CCC-rated securities. The ETF, domiciled in the United States and listed on NYSE Arca, holds diversified sector exposures such as health care and pharmaceuticals (7.1%), building materials and home construction (6.4%), energy upstream (6.3%), and telecom (6.1%), with primary geographic concentration in the United States (89.3%) supplemented by Canada (5.3%), France (1.1%), and other regions; PGIM Investments LLC serves as the investment adviser, with PGIM Fixed Income as subadviser managing a disciplined process leveraging in-depth research and expertise dating back to 1875. Launched on September 24, 2018, as part of PGIM ETF Trust headquartered at 655 Broad Street, Newark, New Jersey, PHYL maintains net assets of approximately $622 million, a net expense ratio of 0.39%, and monthly dividend distributions totaling 2.6313 in 2025 year-to-date. In recent developments, the fund's overseeing PGIM fund family earned a #4 ranking in Barron's Best Fund Families for the one-year period ended December 31, 2024, among 48 qualifying families based on asset-weighted returns, while PGIM Fixed Income reported $862 billion in assets under management as of March 31, 2025; the portfolio continues active management by a team led by Robert Cignarella, Robert Spano, Brian Clapp, Michael Gormally, and Brian Lalli, with no reported acquisitions, partnerships, or structural changes in the last 1-2 years.