Using The Volatility To Lock In A High Yield With CEFs (Part 2): GHY

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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