{"success":true,"data":{"pressRelease":{"id":"167589","rtpr_id":"nBw4X6zfCa-20261013","ticker":"PHYL","exchange":"NYSE Arca","all_tickers":["PHYL","PRU"],"title":"PGIM to Transfer Listing of PGIM Active High Yield Bond ETF to Cboe BZX Exchange","author":"Business Wire","published_at":"2026-10-13T12:32:00.112Z","article_body":"PGIM to Transfer Listing of PGIM Active High Yield Bond ETF to Cboe BZX\nExchange\n\nThe listing of the PGIM Active High Yield Bond ETF (PHYL) will transfer from\nNYSE Arca to Cboe BZX Exchange, effective October 29, 2026.\n\nPGIM, Inc., the $1.5 trillion global asset management business(1) of\nPrudential Financial, Inc., will transfer the listing of the PGIM Active High\nYield Bond ETF (PHYL) from NYSE Arca to Cboe BZX Exchange, effective October\n29, 2026. The Fund will continue to trade under the ticker symbol PHYL\nfollowing the transfer. The Fund is expected to cease trading on NYSE Arca\nfollowing the close of trading on October 28, 2026, and begin trading on Cboe\nBZX Exchange at the opening of trading on October 29, 2026.\n\nAs of September 30, 2026, PGIM Active High Yield Bond ETF (PHYL) had over $1.4\nbillion in net assets.\n\nShareholders do not need to take any action in connection with the transfer of\nthe Fund’s exchange listing. The Fund’s investment objective, strategy,\nand portfolio management team will remain unchanged.\n\nFor more information about PGIM’s active ETF lineup, visit pgim.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.pgim.com%2Fus%2Fen%2Fintermediary&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=1&md5=5e7328c2550e54d2f8801174514bd93a)\n.\n\nABOUT PGIM\n\nPGIM\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=PGIM&index=2&md5=a9e079ec0a55b77d67ec6832a84d5226)\nis the global asset management business of Prudential Financial, Inc. (NYSE:\nPRU\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fcorporate.prudential.com%2Fview%2Fpage%2Fcorp%2F31826&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=NYSE%3A+PRU&index=3&md5=db62a2544aa51907aedaedba87d03aeb)\n), with $1.5 trillion in assets under management.(1) PGIM offers clients deep\nexpertise across public and private asset classes, delivering a diverse range\nof investment strategies and tailored solutions — including fixed income,\nequities, real estate, and alternatives. With 1,500+ investment professionals\nacross 40 offices in 20 countries, we serve retail and institutional clients\nworldwide. For more information visit pgim.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=4&md5=7f0aa02454f27cb6a68ebb2bb2b96f4a)\n.\n\nPrudential Financial, Inc. (PFI) of the United States is not affiliated in any\nmanner with Prudential plc, incorporated in the United Kingdom, or with\nPrudential Assurance Company, a subsidiary of M&G plc, incorporated in the\nUnited Kingdom. For more information please visit news.prudential.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fnews.prudential.com&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=news.prudential.com&index=5&md5=db03b88e034a127f77f8a9acf7e78701)\n.\n\n(1 )As of June 30, 2026. Assets are rounded to the nearest full number.\n\nAs an ETF, the Fund’s shares trade on an exchange and are subject to ETF\nshares trading risk, including that the Fund’s shares may trade at a premium\nor discount to net asset value; during periods may become less liquid;\npotentially may lack an active trading market, which may result in significant\nlosses if you sell your shares of the Fund during these periods; and may be\nsubject to authorized participant concentration risk, since the Fund has a\nlimited number of intermediaries that act as authorized participants and none\nof these authorized participants are or will be obligated to engage in\ncreation or redemption transactions. To the extent that these intermediaries\nexit the business or are unable to or choose not to proceed with creation\nand/or redemption orders with respect to the Fund and no other authorized\nparticipant creates or redeems, shares of the Fund may trade at a discount to\nNAV and possibly face trading halts and/or delisting. The Fund may be subject\nto the risk of increased expenses, meaning that your actual cost of investing\nin the Fund may be higher than the expense shown in the expense table, as well\nas the cost of buying or selling shares, since when you buy or sell shares of\nthe Fund through a broker, you will likely incur brokerage commission or other\ncharges; and cash transaction risk, which is the risk that the Fund (which may\neffect creation and redemptions in cash or partially in cash) may be less\ntax-efficient than an investment in an ETF that distributes portfolio\nsecurities in-kind. The Fund may invest in high yield (“junk”) bonds,\nwhich have greater credit and market risks; distressed and defaulted\nsecurities, which are subject to particularly high credit risk, market risk,\nand illiquidity risk; leveraging, which may magnify losses; and derivative\nsecurities, which may carry market, credit, and liquidity risks. Fixed income\ninvestments are subject to credit, market, and interest rate risks, and their\nvalue will decline as interest rates rise; call and redemption risk, where the\nissuer may call a bond held by the Fund for redemption before it matures and\nthe Fund may lose income; extension risk, where the issuer may repay a fixed\nincome security more slowly than expected, extending the effective duration of\nthese securities; liquidity risk, which exists when particular investments are\ndifficult to sell; and emerging markets risk, which exposes the Fund to\ngreater volatility and price declines. The Fund’s fixed income investments\ninclude variable and floating rate bonds, which are subject to credit, market,\nand interest rate risk, and bank loans, which could adversely affect the\nincome of the Fund and would likely reduce the value of its assets if the Fund\nfails to receive scheduled interest or principal payments on a loan because of\na default, bankruptcy, or any other reason. The Fund may invest in foreign\nsecurities, which generally involve more risk than investing in U.S. issuers,\nincluding political, legal, and economic uncertainty; derivatives, which may\ncarry market, credit, and liquidity risks; and mortgage-backed and\nasset-backed securities, which are subject to prepayment, extension, and\ninterest rate risks. The Fund may be subject to management risk, where the\nvalue of your investment may decrease if judgments by the subadvisor are\nincorrect, and market risk, where the value of investments may decrease and\nsecurities markets are volatile. The risks associated with the Fund are more\nfully explained in the prospectus and summary prospectus. Diversification does\nnot assure a profit or protect against loss in declining markets.\n\nConsider a fund’s investment objectives, risks, charges, and expenses\ncarefully before investing. The prospectus and summary prospectus contain this\nand other information about the fund. Contact your financial professional for\na prospectus and summary prospectus. Read them carefully before investing.\n\nInvestment products are distributed by Prudential Investment Management\nServices LLC, member FINRA and SIPC. PGIM Investments is a registered\ninvestment advisor and investment manager to PGIM registered investment\ncompanies. PGIM Credit is an investment group of PGIM, Inc. and PGIM Limited,\neach of which are registered investment advisors. All are Prudential Financial\naffiliates. PGIM is the principal asset management business of Prudential\nFinancial, Inc. (PFI) and a trading name of PGIM, Inc. and its global\nsubsidiaries and affiliates. © 2026 Prudential Financial, Inc. and its\nrelated entities. PGIM, PGIM Investments, PGIM Credit, PGIM Limited, and the\nPGIM logo are service marks of Prudential Financial, Inc. and its related\nentities, registered in many jurisdictions worldwide.\n\nThis material is being provided for informational or educational purposes only\nand does not take into account the investment objectives or financial\nsituation of any client or prospective clients. The information is not\nintended as investment advice and is not a recommendation. Clients seeking\ninformation regarding their particular investment needs should contact their\nfinancial professional.\n\nINVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government\nagency | May lose value | Are not a deposit of or guaranteed by any bank or\nany bank affiliate\n\n6011141_PGIM\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261013378697/en/\n(https://www.businesswire.com/news/home/20261013378697/en/)\n\nMEDIA CONTACT: \n\nTravis Fishstein\n\n+1 973-382-6093\n\ntravis.fishstein@pgim.com (mailto:travis.fishstein@pgim.com)\n\nCONNECT WITH US: \n\nVisit pgim.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=6&md5=ef978bd4ca76c80338da540a10543e42)\n\nFollow on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fpgim%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=LinkedIn&index=7&md5=125e431c656536c82a89c70eb1b09690)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4X6zfCa-20261013","title":"PGIM to Transfer Listing of PGIM Active High Yield Bond ETF to Cboe BZX Exchange","author":"Business Wire","ticker":"PHYL","created":"2026-10-13T12:32:00.112Z","tickers":["PHYL","PRU"],"exchange":"NYSE Arca","article_body":"PGIM to Transfer Listing of PGIM Active High Yield Bond ETF to Cboe BZX\nExchange\n\nThe listing of the PGIM Active High Yield Bond ETF (PHYL) will transfer from\nNYSE Arca to Cboe BZX Exchange, effective October 29, 2026.\n\nPGIM, Inc., the $1.5 trillion global asset management business(1) of\nPrudential Financial, Inc., will transfer the listing of the PGIM Active High\nYield Bond ETF (PHYL) from NYSE Arca to Cboe BZX Exchange, effective October\n29, 2026. The Fund will continue to trade under the ticker symbol PHYL\nfollowing the transfer. The Fund is expected to cease trading on NYSE Arca\nfollowing the close of trading on October 28, 2026, and begin trading on Cboe\nBZX Exchange at the opening of trading on October 29, 2026.\n\nAs of September 30, 2026, PGIM Active High Yield Bond ETF (PHYL) had over $1.4\nbillion in net assets.\n\nShareholders do not need to take any action in connection with the transfer of\nthe Fund’s exchange listing. The Fund’s investment objective, strategy,\nand portfolio management team will remain unchanged.\n\nFor more information about PGIM’s active ETF lineup, visit pgim.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.pgim.com%2Fus%2Fen%2Fintermediary&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=1&md5=5e7328c2550e54d2f8801174514bd93a)\n.\n\nABOUT PGIM\n\nPGIM\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=PGIM&index=2&md5=a9e079ec0a55b77d67ec6832a84d5226)\nis the global asset management business of Prudential Financial, Inc. (NYSE:\nPRU\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fcorporate.prudential.com%2Fview%2Fpage%2Fcorp%2F31826&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=NYSE%3A+PRU&index=3&md5=db62a2544aa51907aedaedba87d03aeb)\n), with $1.5 trillion in assets under management.(1) PGIM offers clients deep\nexpertise across public and private asset classes, delivering a diverse range\nof investment strategies and tailored solutions — including fixed income,\nequities, real estate, and alternatives. With 1,500+ investment professionals\nacross 40 offices in 20 countries, we serve retail and institutional clients\nworldwide. For more information visit pgim.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=4&md5=7f0aa02454f27cb6a68ebb2bb2b96f4a)\n.\n\nPrudential Financial, Inc. (PFI) of the United States is not affiliated in any\nmanner with Prudential plc, incorporated in the United Kingdom, or with\nPrudential Assurance Company, a subsidiary of M&G plc, incorporated in the\nUnited Kingdom. For more information please visit news.prudential.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fnews.prudential.com&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=news.prudential.com&index=5&md5=db03b88e034a127f77f8a9acf7e78701)\n.\n\n(1 )As of June 30, 2026. Assets are rounded to the nearest full number.\n\nAs an ETF, the Fund’s shares trade on an exchange and are subject to ETF\nshares trading risk, including that the Fund’s shares may trade at a premium\nor discount to net asset value; during periods may become less liquid;\npotentially may lack an active trading market, which may result in significant\nlosses if you sell your shares of the Fund during these periods; and may be\nsubject to authorized participant concentration risk, since the Fund has a\nlimited number of intermediaries that act as authorized participants and none\nof these authorized participants are or will be obligated to engage in\ncreation or redemption transactions. To the extent that these intermediaries\nexit the business or are unable to or choose not to proceed with creation\nand/or redemption orders with respect to the Fund and no other authorized\nparticipant creates or redeems, shares of the Fund may trade at a discount to\nNAV and possibly face trading halts and/or delisting. The Fund may be subject\nto the risk of increased expenses, meaning that your actual cost of investing\nin the Fund may be higher than the expense shown in the expense table, as well\nas the cost of buying or selling shares, since when you buy or sell shares of\nthe Fund through a broker, you will likely incur brokerage commission or other\ncharges; and cash transaction risk, which is the risk that the Fund (which may\neffect creation and redemptions in cash or partially in cash) may be less\ntax-efficient than an investment in an ETF that distributes portfolio\nsecurities in-kind. The Fund may invest in high yield (“junk”) bonds,\nwhich have greater credit and market risks; distressed and defaulted\nsecurities, which are subject to particularly high credit risk, market risk,\nand illiquidity risk; leveraging, which may magnify losses; and derivative\nsecurities, which may carry market, credit, and liquidity risks. Fixed income\ninvestments are subject to credit, market, and interest rate risks, and their\nvalue will decline as interest rates rise; call and redemption risk, where the\nissuer may call a bond held by the Fund for redemption before it matures and\nthe Fund may lose income; extension risk, where the issuer may repay a fixed\nincome security more slowly than expected, extending the effective duration of\nthese securities; liquidity risk, which exists when particular investments are\ndifficult to sell; and emerging markets risk, which exposes the Fund to\ngreater volatility and price declines. The Fund’s fixed income investments\ninclude variable and floating rate bonds, which are subject to credit, market,\nand interest rate risk, and bank loans, which could adversely affect the\nincome of the Fund and would likely reduce the value of its assets if the Fund\nfails to receive scheduled interest or principal payments on a loan because of\na default, bankruptcy, or any other reason. The Fund may invest in foreign\nsecurities, which generally involve more risk than investing in U.S. issuers,\nincluding political, legal, and economic uncertainty; derivatives, which may\ncarry market, credit, and liquidity risks; and mortgage-backed and\nasset-backed securities, which are subject to prepayment, extension, and\ninterest rate risks. The Fund may be subject to management risk, where the\nvalue of your investment may decrease if judgments by the subadvisor are\nincorrect, and market risk, where the value of investments may decrease and\nsecurities markets are volatile. The risks associated with the Fund are more\nfully explained in the prospectus and summary prospectus. Diversification does\nnot assure a profit or protect against loss in declining markets.\n\nConsider a fund’s investment objectives, risks, charges, and expenses\ncarefully before investing. The prospectus and summary prospectus contain this\nand other information about the fund. Contact your financial professional for\na prospectus and summary prospectus. Read them carefully before investing.\n\nInvestment products are distributed by Prudential Investment Management\nServices LLC, member FINRA and SIPC. PGIM Investments is a registered\ninvestment advisor and investment manager to PGIM registered investment\ncompanies. PGIM Credit is an investment group of PGIM, Inc. and PGIM Limited,\neach of which are registered investment advisors. All are Prudential Financial\naffiliates. PGIM is the principal asset management business of Prudential\nFinancial, Inc. (PFI) and a trading name of PGIM, Inc. and its global\nsubsidiaries and affiliates. © 2026 Prudential Financial, Inc. and its\nrelated entities. PGIM, PGIM Investments, PGIM Credit, PGIM Limited, and the\nPGIM logo are service marks of Prudential Financial, Inc. and its related\nentities, registered in many jurisdictions worldwide.\n\nThis material is being provided for informational or educational purposes only\nand does not take into account the investment objectives or financial\nsituation of any client or prospective clients. The information is not\nintended as investment advice and is not a recommendation. Clients seeking\ninformation regarding their particular investment needs should contact their\nfinancial professional.\n\nINVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government\nagency | May lose value | Are not a deposit of or guaranteed by any bank or\nany bank affiliate\n\n6011141_PGIM\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261013378697/en/\n(https://www.businesswire.com/news/home/20261013378697/en/)\n\nMEDIA CONTACT: \n\nTravis Fishstein\n\n+1 973-382-6093\n\ntravis.fishstein@pgim.com (mailto:travis.fishstein@pgim.com)\n\nCONNECT WITH US: \n\nVisit pgim.com \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.pgim.com%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=pgim.com&index=6&md5=ef978bd4ca76c80338da540a10543e42)\n\nFollow on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fpgim%2F&esheet=54620764&newsitemid=20261013378697&lan=en-US&anchor=LinkedIn&index=7&md5=125e431c656536c82a89c70eb1b09690)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-13T12:32:00.153227789Z","server_sent_at_ms":1791894720153},"received_at":"2026-10-13T12:32:00.316Z","source_url":"https://www.businesswire.com/news/home/20261013378697/en/"},"analysis":{"id":"155881","press_release_id":"167589","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"PGIM will transfer the listing of the PGIM Active High Yield Bond ETF (PHYL) from NYSE Arca to Cboe BZX Exchange effective October 29, 2026.\n\nThe fund, which held over $1.4 billion in net assets as of September 30, 2026, will keep the PHYL ticker and its investment objective, strategy, and portfolio management team remain unchanged.\n\nShareholders need not take any action; the fund ceases trading on NYSE Arca after the close October 28 and begins trading on Cboe BZX at the open October 29.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine ETF venue switch -- ticker, strategy, and management unchanged; no shareholder action required."},"keyFigures":{"customDimensions":{"pgim_aum":"$1.5 trillion","net_assets":"$1.4 billion","transfer_effective_date":"2026-10-29"}},"namedEntities":{"people":[{"name":"Travis Fishstein","role":"media contact"}],"products":["PGIM Active High Yield Bond ETF (PHYL)"],"companies":[{"name":"PGIM, Inc.","ticker":"PHYL","relationship":"fund sponsor"},{"name":"Prudential Financial, Inc.","ticker":"PRU","relationship":"parent company"},{"name":"Cboe BZX Exchange","relationship":"new listing venue"},{"name":"NYSE Arca","relationship":"prior listing venue"}],"dollarAmounts":[{"amount":"$1.5 trillion","context":"PGIM assets under management as of June 30, 2026"},{"amount":"$1.4 billion","context":"PHYL net assets as of September 30, 2026"}]},"materialImpact":{"score":1,"reasoning":"Routine exchange-listing transfer for an ETF with no change to ticker, strategy, or portfolio management. Shareholders need take no action; no economic impact on the fund."},"tickerRelevance":{"others":[{"ticker":"PRU","relevance":"parent of the fund sponsor"}],"primary":"PHYL"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"etf-mid-size","eventGravity":"administrative-exchange-transfer","issuerAuthored":true}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"PGIM will transfer the listing of the PGIM Active High Yield Bond ETF (PHYL) from NYSE Arca to Cboe BZX Exchange effective October 29, 2026.\n\nThe fund, which held over $1.4 billion in net assets as of September 30, 2026, will keep the PHYL ticker and its investment objective, strategy, and portfolio management team remain unchanged.\n\nShareholders need not take any action; the fund ceases trading on NYSE Arca after the close October 28 and begins trading on Cboe BZX at the open October 29.","key_figures":{"customDimensions":{"pgim_aum":"$1.5 trillion","net_assets":"$1.4 billion","transfer_effective_date":"2026-10-29"}},"named_entities":{"people":[{"name":"Travis Fishstein","role":"media contact"}],"products":["PGIM Active High Yield Bond ETF (PHYL)"],"companies":[{"name":"PGIM, Inc.","ticker":"PHYL","relationship":"fund sponsor"},{"name":"Prudential Financial, Inc.","ticker":"PRU","relationship":"parent company"},{"name":"Cboe BZX Exchange","relationship":"new listing venue"},{"name":"NYSE Arca","relationship":"prior listing venue"}],"dollarAmounts":[{"amount":"$1.5 trillion","context":"PGIM assets under management as of June 30, 2026"},{"amount":"$1.4 billion","context":"PHYL net assets as of September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T12:32:05.251Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"etf-mid-size","eventGravity":"administrative-exchange-transfer","issuerAuthored":true}},"durationMs":4918,"modelName":"glm-5.3-flashx"}}