RSF - GHY: A Great Way To Diversify Away From The United States With An 11% Yield

2024-04-21 03:25:55 ET

Summary

• The PGIM Global High Yield Fund offers a very attractive proposition for investors who are seeking to earn a high level of income from their portfolios.
• The fund's 11.22% yield compares well to other funds in the market.
• The fund's recent performance has been stable and it has outperformed the global bond indices on a total return basis.
• The long-term fiscal situation of the United States presents a need for bond investors to diversify globally and this fund is underweight to America.
• The fund fully covered its distribution over the most recent six-month period and trades at an enormous discount on net asset value.

The PGIM Global High Yield Fund ( GHY ) is a closed-end fund that income-focused investors can purchase as a method of achieving their goal of earning spendable income from the assets in their portfolio. This is a desire of many retirees and others who are living off of their savings as opposed to primarily earning money from a regular job. It is also a common desire of many other individuals trying to maintain their standard of living in today's inflationary environment, as the cost of just about everything that we purchase today has been rising more rapidly than incomes (despite what the consumer price index says). This is particularly the case for food and other necessities. The PGIM Global High Yield Fund does this job reasonably well, as its 11.22% yield compares pretty well to just about any other fund in the market today. It certainly compares well to its peers, as we can see here:

For further details see: