This article was first released on September 2nd, 2019.
The PGIM High Yield Bond Fund (ISD), formerly known as PGIM Short Duration High Yield Fund, invests in below-investment-grade bonds, more familiarly called high yield junk bonds. These types of bonds are issued by lower-quality companies that have increased risk of defaults, should their financial troubles intensify. The benefit for investors is the higher yields that are presenting with taking these additional risks. Another benefit for an investor that may invest in ISD is the fact that they can gain a wider diversification of