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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