Using The Volatility To Lock In A High Yield With CEFs (Part 2): GHY
Source: SeekingAlpha
2025-04-24 16:51:37 ET
Summary
- PGIM Global High Yield Fund is a closed-end fund with a 9.93% annualized distribution rate and a 5.59% discount to NAV.
- GHY's portfolio includes 95% bonds, with top holdings in Argentina, EG Global Finance, and Calpine Corporation.
- GHY outperforms the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), even when HYG is leveraged.
- GHY's current discount is near its lowest point in the last year, presenting a potential buying opportunity as it may revert to NAV.
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Using The Volatility To Lock In A High Yield With CEFs (Part 2): GHY
iShares iBoxx $ High Yield Corporate Bond
NASDAQ: HYG
HYG Trading
0.34% G/L:
$79.505 Last:
31,004,116 Volume:
$79.51 Open:
