ISD News and Press, PGIM Short Duration High Yield Fund Inc. From 03/25/22

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...

HIPS is an income fund invested in CEFs, MLPs, REITs, and BDCs. The high yield comes with a high expense ratio and share price decay. The current distribution per share doesn’t look sustainable in the long term. An alternative high-yield strategy taking into account tot...

Today, we are looking at how to tell if a fund might be paying a sustainable distribution or not. We use several examples covering both fixed-income and equity funds to help highlight their differences. Overall, fixed-income funds are more straightforward to analyze than equity fu...

The market rallied back from two and a half weeks of losses to finish the week in the green. The "sell the rumor, buy the news" adage comes to mind. It is unlikely we are out of the woods just yet - especially if the war escalates to include neighbors, or worse, NATO. I would be cauti...

As the world reels from the crisis, the blowback is rippling across the world economy and markets. The current risk premia analysis implicitly recommends managing expectations down for GMI and other global multi-asset-class portfolios. The mean reversion factor is estimated as the...

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 2022. The distribution amounts and schedule for each fund appears b...

The expected risk premium for the Global Market Index edged down in January from the previous month’s estimate. Using short-term momentum and medium-term mean-reversion market factors to adjust the forecast reduces GMI’s ex-ante risk premium to an annualized 5.4%. Th...

PGIM High Yield Bond Fund (NYSE:ISD) had declared $0.105/share monthly dividend, in line with previous. Payable Jan. 3; for shareholders of record Dec. 28; ex-div Dec. 27. Payable Feb. 28; for shareholders of record Feb. 11; ex-div Feb. 10. See ISD Dividend Scorecard, Yield Chart, & ...

The expected risk premium for the Global Market Index (GMI) ticked lower in November but remains elevated relative to recent history. Adjusting the forecast with short-term momentum and medium-term mean-reversion market factors (defined below) reduces - substantially - GMI’s ex...

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 December 2021, and January and February 2022. The distribution amounts and schedule for ...