PGIM High Yield Fund- Class R6
PHYQX
NASDAQ- -
USD
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- -
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
- Newark, NJ 07102 Newark NJ United States of America 07102
- IPO Date
- Oct 31, 2011
- CIK
- 0000278187
- Website
- pgim.com
- Similar Companies
- Business
- PGIM High Yield Fund-Class R6 (PHYQX) is an open-end mutual fund that seeks to maximize current income by investing at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments rated Ba/BB or lower by Moody's or S&P, or unrated securities of comparable quality; secondary objectives include capital appreciation through opportunistic allocations to higher-rated bonds, bank loans, convertible securities, and equities. The fund offers multiple share classes including R6 (PHYQX, net expense ratio 0.38%), institutional Z, retail A, C, R, R2, and R4, with total net assets exceeding $20 billion as of late 2025, an average maturity of 5.1 years, effective duration of 2.8 years, and a portfolio turnover rate of 42%; sector allocations emphasize telecom (6.8%), building materials/home construction (6.5%), gaming/lodging/leisure (6.4%), and energy midstream (5.8%), with primary geographic focus on the United States (88%) supplemented by Canada (4.4%), United Kingdom (1.5%), and France (1.3%). Managed by PGIM Investments LLC, with sub-advisory from PGIM Fixed Income, the R6 class was launched on October 31, 2011, and is headquartered at 655 Broad Street, Newark, New Jersey 07102, as part of PGIM, Inc., the $1.4 trillion asset management arm of Prudential Financial, Inc., serving institutional and retail high-yield investors globally. Recent developments include PGIM's September 2025 strategic partnership with Partners Group to deliver multi-asset portfolio solutions blending public and private markets, alongside a December 2025 strategic alliance with Lincoln Property Company to expand real estate investment capabilities, and ongoing monthly distribution declarations for related PGIM high-yield closed-end funds through early 2026; the fund maintained strong performance rankings, such as #25/315 in its Lipper High Yield category over 10 years ended December 31, 2024.