VLT - GHY: One Of The Better Bond CEFs, But Too Expensive Right Now
2025-07-08 18:26:30 ET
The PGIM Global High Yield Fund ( GHY ) is a closed-end fund that could be an investment option for anyone who is seeking to earn a very high level of income from the assets that they already possess. The fund boasts a 9.20% yield at the current share price, so it does a better job at providing income than any of the major fixed-income indices. We can see that in this comparison chart:
Index/ETF |
Current Yield |
Bloomberg U.S. Aggregate Bond Index ( AGG ) |
3.85% |
Bloomberg High Yield Very Liquid Index ( JNK ) |
6.58% |
Vanguard Total World Bond ETF ( BNDW ) |
4.03% |
Vanguard Total International Bond Index Fund ETF Shares ( BNDX ) |
4.32% |
J.P. Morgan EMBI Global Core Index ( EMB ) |
5.21% |