PGIM Active High Yield Bond ETF (PHYL)

PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund in the High Yield Bond category. It has $1.33B in assets, an expense ratio of 0.39% and a 7.62% dividend yield. Under normal market conditions, the fund invests at least 80% of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments (including derivatives) with similar economic characteristics. It may invest in securities which are the subject of bankruptcy proceedings or otherwise in default as to the repayment of principal and/or interest at the time of acquisition by the fund or are rated in the lower rating categories or, if unrated,…