PGIM Active High Yield Bond ETF (NYSE:PHYL) focuses on providing investors with access to high-yield, fixed income markets. This ETF aims to generate high current income with a secondary objective of capital appreciation by primarily investing in a diversified portfolio of high-yield corporate bonds. Managed by PGIM's experienced fixed income team, PHYL seeks to identify undervalued opportunities across the high-yield bond spectrum. The fund operates with the flexibility to respond to changing market conditions, employing a research-driven approach to bond selection. By strategically navigating the complex high-yield market, PGIM Active High Yield Bond ETF strives to deliver competitive performance and income to its investors, aligning with their long-term financial objectives.