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PGIM ESG High Yield Fund
mutual fund
PGAUX
Payout Change
Pending
Price as of:
$8.84
+0.01
+0.11%
primary theme
High Yield Bond
share class
PGAUX (Mutual Fund)
PGIM ESG High Yield Fund
Payout Change
Pending
Price as of:
$8.84
+0.01
+0.11%
primary theme
High Yield Bond
share class
PGAUX (Mutual Fund)
PGIM ESG High Yield Fund
Payout Change
Pending
Price as of:
$8.84
+0.01
+0.11%
primary theme
High Yield Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.1%
1 yr return
7.4%
3 Yr Avg Return
1.2%
5 Yr Avg Return
N/A
Net Assets
$25.2 M
Holdings in Top 10
14.5%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PGAUX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 6.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM ESG High Yield Fund
-
Fund Family NamePrudential
-
Inception DateDec 08, 2021
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Clapp
Fund Description
The Fund seeks to achieve its investment objective while applying an environmental, social and governance (“ESG”) methodology developed by the Fund’s subadviser in the selection of portfolio investments. The Fund invests, under normal circumstances, at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that, at the time of investment, are included in the investable universe based on the subadviser’s ESG methodology described below. For purposes of this policy, high yield fixed income instruments include fixed income instruments rated Ba or lower by Moody's Investors Service, Inc. (“Moody's”) or BB or lower by S&P Global Ratings (“S&P”), and instruments either comparably rated by another nationally recognized statistical rating organization (“NRSRO”), or considered by the subadviser to be of comparable quality, that is, junk bonds, and other investments (including derivatives) with similar economic characteristics. In selecting the Fund’s portfolio investments, the subadviser incorporates proprietary ESG criteria and employs third-party screening services as described in more detail below. The term “investable assets” refers to the Fund’s net assets plus any borrowings for investment purposes. The Fund’s investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.The subadviser’s ESG methodology begins with exclusionary screening, and then applies a proprietary scoring methodology focusing on factors that impact the environment and society, which include governance factors (“ESG Impact Ratings”), to construct the Fund’s portfolio.First, the subadviser will use third-party screening agents to exclude from all potential portfolio investments issuers that do not meet the subadviser’s investment criteria (which may be updated periodically). Such excluded issuers currently include: (i) those with exposure to controversial weapons (e.g., anti-personnel mines, biological and chemical weapons, cluster weapons, incendiary weapons, depleted uranium, nuclear weapons, and white phosphorus) and those with revenue above a certain threshold (as determined by the subadviser, which generally range from 5% to 20%, with the exception of gambling, which normally has a threshold of 50%) from conventional weapons (e.g., civilian firearms (such as guns, rifles, and pistols or components of these), military equipment, and service providers to civilian firearms and/or military equipment), tobacco, thermal coal generation and extraction, oil sands extraction and processing, artic oil and gas extraction and gambling activities; (ii) issuers that have carbon emissions activities above a certain emission intensity as determined by the subadviser; and (iii) issuers that are non-compliant with UN Global Compact principles. When selecting securities for the Fund, the subadviser seeks to ensure that the weighted average carbon intensity score of the portfolio as a whole is lower than the weighted average carbon intensity score of the Bloomberg US High Yield 1% Issuer Capped Index (the “Relevant Index”). The carbon intensity scores are calculated by the third party screening agent, who may not provide a carbon intensity score for each security in the Fund and Relevant Index. The average carbon intensity score of the Fund and the Relevant Index includes only securities that have carbon intensity scores.The principles of the UN Global Compact represent a set of values that the UN believes responsible businesses should incorporate into their operations in order to meet fundamental responsibilities in the areas of human rights, labor, environment and anti-corruption. To the extent an issuer’s status changes to meet the qualification for exclusion, the subadviser may take steps to divest its holdings of the issuer within a reasonable period of time after the issuer’s change in status. This screening criteria is subject to change over time at the subadviser’s discretion.Next, the subadviser assigns each potential investment an ESG Impact Rating (where possible). The subadviser assesses the type of investment and structure, and the ESG Impact Ratings are developed based on research and due diligence, including review of publicly available information as well as information from alternative data sources (e.g., non-governmental organization (“NGO”) analyses, governmental and inter-governmental studies, etc.) and third-party research and tools. The subadviser may supplement this information and adjust a rating based on direct engagement with the issuer. The ESG Impact Rating is assigned by assessing the impact of the following factors: environmental (e.g., reduction of environmental pollution, waste management, water consumption and climate change mitigation) and social (e.g., human rights, employee rights, health and safety and community relations). Governance factors (e.g., effective management and business conduct) are integrated into the assessment of factors that impact the environment and society. Issuers that score well with respect to these factors generally receive higher ESG Impact Ratings. While the subadviser considers ESG factors when evaluating an issuer, only one or two of these categories may be considered with respect to a particular investment or sector, and categories may be weighted differently according to the type of investment being considered.The subadviser seeks to assign each investment opportunity an ESG Impact Rating on a 100-point scale in 5-point increments, with 0 as the lowest and 100 as the highest ESG Impact Rating. An overall aggregated, or composite, ESG Impact Rating is also calculated, with ESG factors weighted differently depending on the industry. The ESG Impact Ratings are determined prior to purchase and reviewed at least annually. Under normal circumstances, the Fund will not purchase securities of issuers that have ESG Impact Ratings that are below a threshold established by the subadviser, except that the Fund may purchase a “Green Bond” from certain issuers whose securities may otherwise be excluded based on ESG Impact Ratings. A Green Bond is a type of fixed income instrument specifically earmarked to raise money for climate and environmental projects. The subadviser will seek to divest within a reasonable period of time from investments for which the ESG Impact Rating falls below the thresholds established by the subadviser. The subadviser may determine that there is not sufficient information available to assign an ESG Impact Rating with respect to certain securities and/or issuers. Up to 5% of the Fund’s total assets may normally comprise investments without ESG Impact Ratings. The subadviser may periodically update its ESG Impact Rating methodology.After identifying the relevant investable universe based on its ESG methodology (i.e., screening and application of ESG Impact Ratings), the subadviser then selects securities for the Fund using a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends by continually evaluating economic data that affect the movement of markets and securities prices. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook are determined based on a thorough review of the financial health and trends of the issuer, which includes a review of the composition of revenue, profitability, cash flow margin, and leverage, as well as an assessment of the issuer's corporate governance (e.g., ownership structures and board effectiveness). The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security. When selecting securities for the Fund, the subadviser seeks to ensure that the weighted average ESG Impact Rating of the portfolio as a whole is higher than the weighted average ESG Impact Rating of the Relevant Index. The subadviser may not provide ESG Impact Ratings for certain securities in the Relevant Index, which under normal market conditions may be up to 15% of the Relevant Index. The average ESG Impact Rating of the Relevant Index includes only securities that have been rated.The Fund may invest up to 20% of its investable assets in U.S. currency-denominated fixed income securities of foreign governments and other foreign issuers, including Brady Bonds, which are long-term bonds issued by developing nations, and preferred stock. The Fund may also invest up to 10% of its investable assets in foreign currency-denominated fixed income securities issued by foreign or domestic issuers. Foreign government fixed income securities include securities issued by quasi-governmental entities, governmental agencies, supranational entities and other governmental entities. The Fund's investments in foreign issuers may include issuers located anywhere in the world, including emerging markets. From time to time the Fund’s investments may be concentrated in a geographic region or country.The Fund may use various derivative strategies to try to improve the Fund’s returns. The subadviser may also use hedging techniques to try to protect the Fund’s assets. Although the Fund has the flexibility to make use of derivatives, it may choose not to for a variety of reasons, even under very volatile market conditions.
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PGAUX - Performance
Return Ranking - Trailing
| Period | PGAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -8.8% | 17.7% | 64.69% |
| 1 Yr | 7.4% | -9.2% | 18.4% | 61.39% |
| 3 Yr | 1.2%* | -14.6% | 21.0% | 84.43% |
| 5 Yr | N/A* | -12.0% | 36.6% | N/A |
| 10 Yr | N/A* | -4.8% | 20.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PGAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -4.7% | 14.3% | 25.33% |
| 2022 | -17.6% | -33.4% | 3.6% | 82.72% |
| 2021 | N/A | -8.4% | 8.2% | N/A |
| 2020 | N/A | -13.2% | 302.7% | N/A |
| 2019 | N/A | -4.4% | 13.3% | N/A |
Total Return Ranking - Trailing
| Period | PGAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -8.8% | 17.7% | 64.69% |
| 1 Yr | 7.4% | -9.2% | 18.4% | 61.39% |
| 3 Yr | 1.2%* | -14.6% | 21.0% | 84.43% |
| 5 Yr | N/A* | -12.0% | 36.6% | N/A |
| 10 Yr | N/A* | -4.8% | 20.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PGAUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.6% | -4.7% | 18.7% | 36.84% |
| 2022 | -13.3% | -33.4% | 47.8% | 88.04% |
| 2021 | N/A | -8.4% | 12.4% | N/A |
| 2020 | N/A | -9.6% | 325.6% | N/A |
| 2019 | N/A | -3.8% | 21.6% | N/A |
NAV & Total Return History
PGAUX - Holdings
Concentration Analysis
| PGAUX | Category Low | Category High | PGAUX % Rank | |
|---|---|---|---|---|
| Net Assets | 25.2 M | 3.13 M | 25.3 B | 97.05% |
| Number of Holdings | 363 | 2 | 3879 | 49.26% |
| Net Assets in Top 10 | 3.8 M | -492 M | 5.25 B | 96.87% |
| Weighting of Top 10 | 14.47% | 4.2% | 146.0% | 47.28% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 2.47%
- United Rentals North America Inc 1.63%
- United States Treasury Note/Bond 1.53%
- United States Treasury Note/Bond 1.52%
- United States Treasury Note/Bond 1.51%
- PGIM Ultra Short Bond ETF 1.42%
- United States Treasury Note/Bond 1.39%
- Sprint LLC 1.05%
- NCL Corp Ltd 1.01%
- Medline Borrower LP 0.94%
Asset Allocation
| Weighting | Return Low | Return High | PGAUX % Rank | |
|---|---|---|---|---|
| Bonds | 94.34% | 0.00% | 145.36% | 57.21% |
| Cash | 3.04% | -52.00% | 48.02% | 61.78% |
| Stocks | 2.14% | 0.00% | 97.54% | 23.28% |
| Other | 0.46% | -39.08% | 99.86% | 22.90% |
| Convertible Bonds | 0.28% | 0.00% | 17.89% | 87.15% |
| Preferred Stocks | 0.02% | 0.00% | 4.97% | 41.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PGAUX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 33.17% | N/A |
| Real Estate | 0.00% | 0.00% | 86.71% | N/A |
| Industrials | 0.00% | 0.00% | 93.12% | N/A |
| Healthcare | 0.00% | 0.00% | 22.17% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 99.99% | N/A |
| Consumer Defense | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PGAUX % Rank | |
|---|---|---|---|---|
| US | 2.14% | 0.00% | 97.54% | 22.57% |
| Non US | 0.00% | -0.01% | 2.00% | 46.13% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PGAUX % Rank | |
|---|---|---|---|---|
| Corporate | 87.34% | 0.00% | 100.00% | 86.14% |
| Government | 5.22% | 0.00% | 99.07% | 6.44% |
| Cash & Equivalents | 2.47% | 0.00% | 48.02% | 60.46% |
| Securitized | 1.32% | 0.00% | 97.24% | 20.46% |
| Derivative | 0.46% | -14.58% | 42.26% | 7.91% |
| Municipal | 0.00% | 0.00% | 1.17% | 36.14% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PGAUX % Rank | |
|---|---|---|---|---|
| US | 94.34% | 0.00% | 126.57% | 40.69% |
| Non US | 0.00% | 0.00% | 96.91% | 61.78% |
PGAUX - Expenses
Operational Fees
| PGAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.02% | 38.33% | 16.69% |
| Management Fee | 0.50% | 0.00% | 1.75% | 31.69% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 83.72% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| PGAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 34.18% |
Trading Fees
| PGAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PGAUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 255.00% | N/A |
PGAUX - Distributions
Dividend Yield Analysis
| PGAUX | Category Low | Category High | PGAUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.69% | 0.00% | 11.76% | 70.54% |
Dividend Distribution Analysis
| PGAUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| PGAUX | Category Low | Category High | PGAUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.39% | 9.30% | N/A |
Capital Gain Distribution Analysis
| PGAUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.049 | OrdinaryDividend |
| Nov 29, 2024 | $0.039 | OrdinaryDividend |
| Oct 31, 2024 | $0.040 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.038 | OrdinaryDividend |
| Jul 31, 2024 | $0.040 | OrdinaryDividend |
| Apr 30, 2024 | $0.039 | OrdinaryDividend |
| Mar 28, 2024 | $0.042 | OrdinaryDividend |
| Feb 29, 2024 | $0.037 | OrdinaryDividend |
| Jan 31, 2024 | $0.042 | OrdinaryDividend |
| Dec 29, 2023 | $0.042 | OrdinaryDividend |
| Nov 30, 2023 | $0.044 | OrdinaryDividend |
| Oct 31, 2023 | $0.040 | OrdinaryDividend |
| Sep 29, 2023 | $0.035 | OrdinaryDividend |
| Aug 31, 2023 | $0.041 | OrdinaryDividend |
| Jul 31, 2023 | $0.042 | OrdinaryDividend |
| Jun 30, 2023 | $0.039 | OrdinaryDividend |
| May 31, 2023 | $0.040 | OrdinaryDividend |
| Apr 28, 2023 | $0.039 | OrdinaryDividend |
| Mar 31, 2023 | $0.033 | OrdinaryDividend |
| Feb 28, 2023 | $0.036 | OrdinaryDividend |
| Jan 31, 2023 | $0.038 | OrdinaryDividend |
| Dec 30, 2022 | $0.038 | OrdinaryDividend |
| Dec 22, 2022 | $0.012 | OrdinaryDividend |
| Nov 30, 2022 | $0.036 | OrdinaryDividend |
| Oct 31, 2022 | $0.038 | OrdinaryDividend |
| Sep 30, 2022 | $0.035 | OrdinaryDividend |
| Aug 31, 2022 | $0.035 | OrdinaryDividend |
| Jul 29, 2022 | $0.036 | OrdinaryDividend |
| Jun 30, 2022 | $0.033 | OrdinaryDividend |
| May 31, 2022 | $0.033 | OrdinaryDividend |
| Apr 29, 2022 | $0.031 | OrdinaryDividend |
| Mar 31, 2022 | $0.033 | OrdinaryDividend |
| Feb 28, 2022 | $0.030 | OrdinaryDividend |
| Jan 31, 2022 | $0.032 | OrdinaryDividend |
| Dec 31, 2021 | $0.022 | OrdinaryDividend |
PGAUX - Fund Manager Analysis
Managers
Brian Clapp
Start Date
Tenure
Tenure Rank
Dec 08, 2021
0.48
0.5%
Brian Clapp, CFA, is Principal and high yield portfolio manager for PGIM Fixed Income's High Yield Team. Previously, Mr. Clapp was a senior high yield credit analyst on PGIM Fixed Income’s Credit Research team. He joined Prudential Financial in 2006 from Muzinich & Co. While there, Mr. Clapp held several positions, including portfolio manager for a high yield bond based hedge fund, hedge fund credit analyst, and credit analyst covering the chemical, industrial, and transportation sectors. Earlier at Triton Partners, an institutional high yield fund manager, Mr. Clapp was a credit analyst covering the metals and mining, healthcare, homebuilding, building products and transportation sectors. He received a BS in Finance from Bryant College, and an MS in Computational Finance, and an MBA from Carnegie Mellon. Mr. Clapp holds the Chartered Financial Analyst (CFA) designation.
Robert Spano
Start Date
Tenure
Tenure Rank
Dec 08, 2021
0.48
0.5%
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.
Ryan Kelly
Start Date
Tenure
Tenure Rank
Dec 08, 2021
0.48
0.5%
Ryan Kelly, CFA, is Principal and high yield portfolio manager for Prudential Fixed Income's High Yield Team. Prior to assuming his current position in 2012, Mr. Kelly was a high yield credit analyst for nearly 10 years in Prudential Fixed Income's Credit Research Group, covering the automotive, energy, and finance sectors. Previously, Mr. Kelly was a senior high yield bond analyst at Muzinich & Company. Earlier, he was a senior associate at PNC Capital Markets/PNC Bank where he worked in the high yield bond, mergers and acquisition (M&A) and loan syndication groups. Mr. Kelly began his career as an investment banker at Chase Manhattan Bank, working on project finance transactions and M&A advisory mandates for the electric power sector. He earned a BA in Economics from Michigan State University and holds the Chartered Financial Analyst (CFA) designation.
Daniel Thorogood
Start Date
Tenure
Tenure Rank
Dec 08, 2021
0.48
0.5%
Daniel Thorogood, CFA, is a Principal and a high yield portfolio manager for PGIM Fixed Income’s High Yield Team. Mr. Thorogood is also responsible for portfolio strategy and managing high yield bond allocations in multi-sector portfolios. Prior to joining the High Yield Team, Mr. Thorogood was a member of PGIM Fixed Income’s Quantitative Research and Risk Management Group. Mr. Thorogood was the head of a team of portfolio analysts who support the firm's credit-related strategies, including investment grade corporate, high yield corporate, and emerging market debt sectors. The team was primarily responsible for performing detailed portfolio analysis relative to benchmarks, monitoring portfolio risk exposures, and analyzing performance through proprietary return attribution models. Prior to joining the Quantitative Research and Risk Management Group in 1996, Mr. Thorogood was Associate Manager in PGIM Fixed Income's Trade Support and Operations Unit. He received a BS in Finance from Florida State University and an MBA in Finance from Rutgers University. Mr. Thorogood holds the Chartered Financial Analyst (CFA) designation.
Robert Cignarella
Start Date
Tenure
Tenure Rank
Dec 08, 2021
0.48
0.5%
Robert Cignarella, CFA, is a Managing Director and Head of PGIM Fixed Income's Leveraged Finance Team, which includes the US and European High Yield Bond and Bank Loan sector teams. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago, and a bachelor’s degree in operations research and industrial engineering from Cornell University. He holds the Chartered Financial Analyst (CFA) designation.
Michael Gormally
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
Michael Gormally is a Vice President, and portfolio manager and trader for PGIM Fixed Income’s U.S. High Yield Bond Team. Previously, he was an Analyst in the Portfolio Analysis Group, where he managed a team of portfolio analysts dedicated to High Yield. He was responsible for the monitoring of daily risk and positioning, along with the implementation of portfolio management trading tools and performance attribution models. Before joining the Firm in 2014, Mr. Gormally was a credit analyst at BNY Mellon. Mr. Gormally received a BA in Economics from Johns Hopkins University and an MBA from the University of Notre Dame.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
