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PGIM Broad Market US HY Bond Class I - Accumulation (GBP Hedged)

Sell:11,319.90p Buy:11,319.90p Change: 4.80p (0.04%)
Prices as at 24 May 2024
Sell:11,319.90p
Buy:11,319.90p
Change: 4.80p (0.04%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 24 May 2024
Sell:11,319.90p
Buy:11,319.90p
Change: 4.80p (0.04%)
Prices as at 24 May 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
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:
Class I - Income (GBP Hedged) (Net ongoing charge 0.54%)

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

Unit type: Unbundled
Manager:
Fund launch date: 11 August 2016
Sector: Global Bonds
Fund size: £1,111 million
Number of holdings: 668
Fund type:
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 21:00
Trustee: State Street Custodial Services (Ireland) Ltd.
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

24/05/19 to 24/05/20 24/05/20 to 24/05/21 24/05/21 to 24/05/22 24/05/22 to 24/05/23 24/05/23 to 24/05/24
Annual return n/a n/a n/a n/a 10.06%

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.

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Our 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

Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 30 June 2024 29 September 2024 29 December 2024 31 March 2025
Payment date: 17 July 20244 16 October 20244 16 January 20254 18 April 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

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
Bonds 89.80%
Non-Classified 6.28%
Cash and Equiv. 3.00%
Non-Renewable Energy 0.92%
Country Weight
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 24 May 2024. Data provided by Broadridge, correct as at 28 February 2022.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage 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.