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PGIM High Yield Fund (PGIM High Yield Fund) Net Interest Margin (Bank Only) % : 842.30% (As of Jan. 2024)


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What is PGIM High Yield Fund Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. PGIM High Yield Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Jan. 2024 was $39.11 Mil. PGIM High Yield Fund's average earning assets for the quarter that ended in Jan. 2024 was $4.64 Mil. Therefore, PGIM High Yield Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2024 was 842.30%.


PGIM High Yield Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for PGIM High Yield Fund's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PGIM High Yield Fund Net Interest Margin (Bank Only) % Chart

PGIM High Yield Fund Annual Data
Trend May18 May19 May20 May21 Jul22 Jul23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 1,243.70 968.53 1,307.54 1,593.01 714.03

PGIM High Yield Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Jan22 Jul22 Jan23 Jul23 Jan24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,822.50 821.20 948.64 571.20 842.30

Competitive Comparison of PGIM High Yield Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, PGIM High Yield Fund's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PGIM High Yield Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM High Yield Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where PGIM High Yield Fund's Net Interest Margin (Bank Only) % falls into.



PGIM High Yield Fund Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

PGIM High Yield Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jul. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Jul. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jul. 2022 ) + Earning Assets (A: Jul. 2023 ))/ count )
=34.095/( (4.265 + 5.285)/ 2 )
=34.095/4.775
=714.03 %

where

Earning Assets(A: Jul. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=4.265 + 0 + 0
=4.265

Earning Assets(A: Jul. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=5.285 + 0 + 0
=5.285

PGIM High Yield Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Jan. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jul. 2023 ) + Earning Assets (Q: Jan. 2024 ))/ count )
=39.108/( (5.285 + 4.001)/ 2 )
=39.108/4.643
=842.30 %

where

Earning Assets(Q: Jul. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=5.285 + 0 + 0
=5.285

Earning Assets(Q: Jan. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=4.001 + 0 + 0
=4.001

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is two times the semi-annual (Jan. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


PGIM High Yield Fund  (NYSE:ISD) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


PGIM High Yield Fund Net Interest Margin (Bank Only) % Related Terms

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PGIM High Yield Fund (PGIM High Yield Fund) Business Description

Traded in Other Exchanges
N/A
Address
655 Broad Street, 6th Floor, Newark, NJ, USA, 07102
PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The Fund's investment objective is to provide a high level of current income. It invests at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.
Executives
Brian Reid director C/O PGIM INVESTMENTS LLC, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue officer: Chief Compliance Officer 655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102
Barry H Evans director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous officer: Chief Compliance Officer 655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling other: Deputy CIO 655 BROAD STREET, NEWARK NJ 07102
Michael Lillard other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Patrick Mcguinness officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, 17TH FLOOR, NEWARK NJ 07102
Scott E Benjamin director 655 BROAD ST., NEWARK NJ 07102
Melissa Gonzalez officer: Assistant Secretary 655 BROAD STREET, NEWARK NJ 07102
Elyse Mclaughlin officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102

PGIM High Yield Fund (PGIM High Yield Fund) Headlines

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