PGIM Active High Yield Bond ETF (PHYL)
ARCA ARCA Primary Summary
PHYL Chart
PGIM Active High Yield Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 42 | $1,501.5 | $1,467.06 | -$34.44 | -2.29% |
| DC Diane Collins Rovin Capital /UT/ /ADV | 39,984 | $1.49M | $1.4M | -$92,828.43 | -6.23% |
 Adams Wealth Management Adams Wealth Management | 149,093 | $5.64M | $5.21M | -$429,631.3 | -7.62% |
 Loraine Ell Better Money Decisions LLC | 14,250 | $495,168.36 | $497,681.25 | $2,512.89 | 0.51% |
 Barry Oliver Capital Performance Advisors LLP | 108,624 | $3.82M | $3.8M | -$19,995.47 | -0.52% |
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PGIM Active High Yield Bond ETF Profile
| ARCA Exchange | US Country |
Overview
Under normal market conditions, this fund primarily concentrates its investments on high yield bonds that are below investment grade. These are a type of corporate bond issued by companies that have a higher risk of default compared to more highly rated, investment-grade bonds. The goal is typically to achieve higher yields in exchange for the increased risk. As part of its strategy, the fund also indulges in other investments, including derivatives that have similar economic characteristics to high yield bonds, expanding its portfolio's diversity. Moreover, the fund does not shy away from investing in securities currently undergoing bankruptcy proceedings or those in default concerning principal and/or interest repayments at the time of purchase by the fund. It also considers investing in bonds rated in the lower rating categories or unrated securities deemed equivalent in quality by the Subadviser's judgment. This approach allows the fund to potentially capitalize on the recovery of distressed assets in addition to seeking high income from bonds with lower credit quality.
Products and Services
- Diversified Portfolio of High Yield Bonds - The fund channels at least 80% of its investable assets into a diversified mix of high yield bonds. These bonds are below investment grade, indicating a higher risk and potentially higher return for investors. The bonds chosen are diverse to mitigate the risk of concentration in any specific sector or issuer.
- Investments in Derivatives with Similar Economic Characteristics - To broaden its strategy and possibly hedge against risks, the fund invests in derivatives. These financial instruments derive their value from an underlying asset or benchmark, offering similar economic characteristics to the high yield bonds the fund primarily targets. This includes but is not limited to futures, options, and swaps that could be utilized to gain exposure to the high yield bond market without directly purchasing the bonds themselves.
- Securities Subject to Bankruptcy Proceedings or in Default - As part of its investment strategy, the fund may allocate a portion of its assets towards purchasing securities currently involved in bankruptcy proceedings or in default regarding the repayment of principal and/or interest at the time of acquisition. This risky, yet potentially rewarding approach allows the fund to invest in distressed assets that could offer significant returns if the issuing companies recover.
- Lower Rating Categories or Unrated Securities Investments - The fund is open to investing in securities that are rated in the lower rating categories, reflecting higher credit risk, or those that are unrated but considered of equivalent quality by the Subadviser’s judgment. This includes taking calculated risks in hope of high returns by investing in bonds that may not have a high credit rating but show potential for income and capital appreciation.
