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home / news releases / ISD - One Of The Few Values In Bond CEFs: ISD And Its 8.43% Yield


ISD - One Of The Few Values In Bond CEFs: ISD And Its 8.43% Yield

(This was first released to members of Yield Hunting on September 11th)

PGIM (Prudential) High Yield Bond (ISD)

This is a high yield (non-investment grade) fund that we currently like given the large discount to NAV, the higher-quality of holdings, and the competitive yield. PGIM has two funds with similar mandates, ISD and the PGIM Global High Yield (GHY), with the latter having a global investment policy mandate.

For today's purposes, we are solely looking at ISD, which avoided the Argentina debacle by not investing in overseas countries. Given the nearly

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Stock Information

Company Name: PGIM Short Duration High Yield Fund Inc.
Stock Symbol: ISD
Market: NYSE

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