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ABC Company Retirement Plan
Prudential High-Yield Q - PHYQX
Monitoring Rating: Pass
Objective
The investment seeks to maximize current income, and capital
appreciation is a secondary objective. The fund normally
invests at least 80% of its investable assets in a diversified
portfolio of high yield fixed-income instruments rated Ba or
lower by Moody's Investors Service (Moody's) or BB or lower by
Standard & Poor's Ratings Group (Standard & Poor's), and
instruments either rated by another nationally recognized
statistical rating organization (NRSRO), or considered to be of
comparable quality, that is, junk bonds.
Statistics
Inception Date
03/29/1979
Manager Tenure
11.58
Assets($1000s)
$6,085,333
Net Exp Ratio
0.45
12b-1 Fees
-
Average Mkt Cap($1000s)
-
# of Holdings
611
% of Assets in Top 10
12.20
Risk Characteristics
PHYQX Cat Avg
3 Yr Std Dev
5.63 5.47
5 Yr Std Dev
4.93 4.98
5 Yr Beta
0.92 0.89
5 Yr Alpha
0.54 -0.44
5 Yr Sharpe
1.36 1.16
5 Yr Information Ratio
0.06 -0.85
5 Yr Tracking Error
0.84 1.67
5 Yr Upside Capture
94.82 87.49
5 Yr Downside Capture
86.70 93.92
5 Yr Batting Avg
0.45 0.40
Excess Returns vs. Category/Index
vs BBgBarc US Corporate High Yield TR USD
vs Category Avg
3
2
1
0
-1
10-Yr
5-Yr
3-Yr
12-Month
3-Month
-0.47
0.05
0.42
-0.25
0.03
1.15
1.24
1.88
1.67
0.46
Calendar Year Performance
2012
2013
2014
2015
2016
PHYQX
14.45
7.15
2.95
-2.68
15.61
Cat Avg
14.62
6.95
1.33
-3.94
13.31
Index
15.81
7.44
2.45
-4.47
17.13
Cat Rank
55
37
16
36
20
Fixed Income Style
Quality
Duration
Maturity
Yield
PHYQX
B
4.16
-
6.56
Cat Avg
B
3.49
5.41
6.03
Sector Allocation vs. Category
10
5
0
-5
-10
Government
Municipal
Corporate
Securitized
Cash&Equivalents
Derivatives
5.04
-0.03
-3.07
-1.59
3.50
0.06
+/-Category Avg
Asset Allocation
Other (1.01%)
Non-US Bonds (15.41%)
US Bonds (75.76%)
Non-US Stocks (0.01%)
US Stocks (0.05%)
Cash (7.76%)