PGIM Broad Market US HY Bond Class I - Income (GBP Hedged)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 0.54% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 0.54% | ||
There are other unit types of this fund available: | |||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
15/08/19 to 15/08/20 | 15/08/20 to 15/08/21 | 15/08/21 to 15/08/22 | 15/08/22 to 15/08/23 | 15/08/23 to 15/08/24 | |
---|---|---|---|---|---|
Annual return | 4.64% | 9.92% | -6.97% | 0.29% | 9.07% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
The investment objective of the PGIM Broad Market U.S. High Yield Bond Fund (the "Fund") is to achieve a return through a combination of current income and capital appreciation while preserving invested capital. There is no guarantee that this objective will be achieved. The benchmark of the Fund is the Bloomberg U.S. High-Yield – 1% Issuer Cap Index. The Fund will be invested in a diversified portfolio consisting primarily of high yield bonds that are originated in the US corporate bond markets. These high yield bonds will largely be a mix of fixed and floating rate instruments that are rated below investment grade. The Fund seeks to add value through active management by identifying and capturing relative value opportunities within the US high yield bond market with an active, risk managed approach using fundamental credit analysis.
Income Details
Security | Weight |
---|---|
B8AA0LV73 TRS USD R E | 1.88% |
B8AA16J95 TRS USD R E | 1.63% |
B8AA13753 TRS USD R E | 1.29% |
UNITI GRP/UNITI HLD/CSL | 0.89% |
BOMBARDIER INC | 0.89% |
FORD MOTOR COMPANY | 0.80% |
VISTRA CORP | 0.77% |
CALPINE CORP | 0.77% |
S95FQ4SB5 CDS USD R F 5.00000 | 0.77% |
CHESAPEAKE ENERGY CORP | 0.76% |
Sector | Weight |
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Bonds | 89.80% |
Non-Classified | 6.28% |
Cash and Equiv. | 3.00% |
Non-Renewable Energy | 0.92% |
Country | Weight |
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United States | 78.81% |
Canada | 7.73% |
Non-Classified | 6.14% |
Cash and Equiv. | 3.00% |
Luxembourg | 1.63% |
France | 0.59% |
United Kingdom | 0.57% |
Ireland | 0.37% |
Jamaica | 0.33% |
Singapore | 0.32% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 15 August 2024. Data provided by Broadridge, correct as at 28 February 2022.
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4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.