ISD News and Press, PGIM Short Duration High Yield Fund Inc. From 03/14/23

2023-03-14 05:00:24 ET Right now we’ve got a terrific setup happening in Treasuries—and we’re going to use it to “flip” the near-4% yield the 10-year pays into a gaudy 7.9%+, paid monthly, to boot. And there’s more: we’re going to giv...

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 March, April and May 2023. The distribution amounts and schedule for each fund appears below: ...

Summary The news media wants to get us all hooked on receiving constant "play by play" updates on our investments. They are following the successful ESPN sports model, where all day long you can turn on ESPN and get updated scores and commentary on whatever sport is in season. Havin...

Summary Previously, GHY lacked distribution coverage, which hasn't changed; coverage has fallen a bit further. The fund has been deleveraging its portfolio, which could be seen as a positive if they can add more at the right time to catch a rebound. Since our previous update, the fu...

Summary The PGIM High Yield Bond Fund is a no-frills closed-end fund focused on non-investment grade bonds. It has a current 10.0% distribution yield. The fund's historical performance has been decent, without a negative year prior to 2022. ISD also appears to have navigate...

Summary PGIM High Yield Bond Fund (ISD) is a high yield CEF from PGIM Investments. ISD is conservatively built, with a granular portfolio approach and a low leverage ratio of only 20%. Long-term, the fund's performance matches other well regarded CEFs in the space. From a rating...

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 monthly distributions today for December 2022, January and February 2023. The distribution amounts and schedule for each fund appe...

Summary I have often compared CNBC to the ESPN sports network, with panels of experts giving non-stop commentary on the sports or financial worlds. Both have the same business model: get viewers addicted so they'll watch all the time, regardless of whatever is happening. Unfor...

Summary HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay. The problem is structural: the 4 asset categories of its portfolio have the same issue. An al...

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...