PGIM Global High Yield Fund, Inc (GHY)

PGIM Global High Yield Fund offers a 9.2% yield and strong international diversification, outperforming peers in a declining U.S. dollar environment. The fund's short duration and global exposure help mitigate risks from rising government debt and currency debasement concerns. Despite solid performance, the fund currently trades at a 3.8% premium to NAV, making it the most expensive among its peers.

When 401(k)s and IRAs replaced "defined benefit pensions" a few decades ago, we all suddenly became our own "pension managers." The investment and media industries quickly "taught" us all to focus our attention on stock prices and short-term gains and losses. That's what attracted viewers and kept them tuned in to CNBC and Bloomberg all day.

NEWARK, N.J.--(BUSINESS WIRE)--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 June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short.

About a month ago, Mike Bird, the Wall Street editor for The Economist, tweeted (or “X-ed,” I guess I should say) the following: “You have to concede that there would be a form of stupid, ridiculous beauty in the S&P 500 closing completely flat for April.”

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.

For a long time now, it seems like the stock market has had a “theme of the year.” Clearly in 2024 it was AI, while 2023 was the year of recovery from 2022, which was a year of panic over a recession that never came.

NEWARK, N.J.--(BUSINESS WIRE)--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 2024, and January and February 2025. The distribution amounts and schedule for each fund appears below: Fund Name   Ticker   Distribution Per Share   Change from Prior Distribution PGIM High Yield Bond Fund, Inc.   ISD   $0.105   – PGIM Global High Yield Fund,.

The PGIM Global High Yield Fund offers a 9.86% yield, outperforming major bond indices, but underperforming some peers with double-digit yields. Despite strong recent performance, driven by market anticipation of monetary easing, future gains may be limited due to potential overpricing of bonds. The fund appears to be hedging its currency exposure, and the emerging market exposure that it has is largely hard currency bonds.

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

GHY is a global high-yield fixed-income CEF with a diverse geographic reach and credit spectrum composition. The fund's discount to NAV is near historic highs, credit spreads are tight, and distribution relies heavily on the return of capital. The fund leans towards BB and B-rated bonds, with a not-insignificant portion in CCC debt.

NEWARK, N.J.--(BUSINESS WIRE)--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 June, July and August 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short.

The PGIM Global High Yield Fund offers a very attractive proposition for investors who are seeking to earn a high level of income from their portfolios. The fund's 11.22% yield compares well to other funds in the market. The fund's recent performance has been stable and it has outperformed the global bond indices on a total return basis.

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NEWARK, N.J.--(BUSINESS WIRE)--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 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short.

The PGIM Global High Yield Fund offers income-focused investors a way to diversify their portfolio with foreign fixed-income securities. The fund's performance has been respectable, with shares up 6.69% since October. The fund's net asset value per share is up 5.27% over the past two months, indicating strong gains and the ability to cover distributions in those two months.

The PGIM Global High Yield Fund offers a high current yield of 11.85%, higher than many other options in the market. The fund's performance has been disappointing, with shares down 29.42% since the start of last year. The fund's diverse portfolio includes below-investment-grade securities from around the world, providing potential for diversification and capital gains.