ISD News and Press, PGIM Short Duration High Yield Fund Inc. From 09/04/22

Summary GHY is a high yield fund with a tilt towards global positions. The fund's distribution coverage was a point of concern, and it only looks set to get worse. The fund's discount is attractive, but I'd be cautious about expecting the double-digit distribution rate to cont...

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2022. The distribution amounts and schedule for each fun...

The revised long-term outlook projects an annualized return of 4.9%. The current risk premium forecast for GMI suggests that multi-asset-class strategies overall will generate lower returns relative to results posted in recent years. Combining forecasts via several models may prov...

PGIM High Yield Bond Fund (NYSE:ISD) has declared $0.105/share monthly dividend, in line with previous. Payable June 30; for shareholders of record June 16; ex-div June 15. Payable July 29; for shareholders of record July 15; ex-div July 14. Payable Aug 31; for shareholders of record Aug...

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July and August 2022. The distribution amounts and schedule for each fund appears ...

YYY has lost 31% in share price and 37% in monthly distribution since inception. I think things will get worse with inflation and rising rates. How my CEF strategy has beaten YYY and SPY since March 2020. For further details see: YYY: Decaying Capital And Income

The expected risk premium continued sliding in April for the Global Markets Index (GMI). Tuesday’s revision reflects a drop to a 5.4% annualized increase for the long term – a relatively large cut of 40 basis points from last month’s estimate. The forecast ref...

We had another down week nearly across all asset classes with the markets shedding nearly 3% and the Nasdaq nearly 4%. Fixed income was also down. Nothing worked. Yields were up again with the 10-year touching 2.95% on the week but finishing at 2.90%. Oil was down $5 to $101/bl and th...

The expected risk premium for the Global Market Index ticked slightly higher in March to an annualized 5.8% pace, fractionally above last month’s estimate. Using short-term momentum and medium-term mean-reversion market factors (defined below) to adjust the forecast trims GMI&#...

GHY is a high yield bond fund with a tilt towards global positioning, roughly 55% of the portfolio is outside the U.S. Russia and Ukraine's exposure combined, as of January 31st, 2022, had been rather minimal. The fund has been declining, but its share price has been outpacing the...