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PGIM High Yield Fund- Class A (PBHAX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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5.39-0.02 (-0.37%)
At close: 08:01PM EST

PGIM High Yield Fund- Class A

Dryden High Yield Fund Inc

100 Mulberry Street,Gateway Center Three

Newark, NJ 07102

Management information
Robert Spano,Lead manager since 15 October 2007
Robert Spano, CFA, CPA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2007, Mr. Spano was a high yield credit analyst for 10 years in Prudential Fixed Income's Credit Research Group, covering the health, lodging, consumer, gaming, restaurants, and chemical industries. Earlier, he worked as an investment analyst in the Project Finance Unit of Prudential Financial’s private placement group. Mr. Spano also held positions in the internal audit and risk management units of Prudential Securities. He received a BS in Accounting from the University of Delaware and an MBA from New York University. Mr. Spano holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyPGIM Funds (Prudential)
Net assets22.71B
YTD return-0.48%
Morningstar rating★★★★
Inception date21 Jan 1990

Fund operations

Last dividend0.02
Last cap gain0.00
Holdings turnover45.00%
Average for categoryN/A

Fees and expenses

ExpensePBHAXCategory average
Annual report expense ratio (net)0.80%0.95%
Prospectus net expense ratio0.80%N/A
Prospectus gross expense ratio0.80%N/A
Max 12b1 fee0.25%N/A
Max front end sales load3.25%3.88%
Max deferred sales loadN/A1.28%
3-yr expense projection572N/A
5-yr expense projection755N/A
10-yr expense projection1,283N/A