ISD: Competitive CEF, And A Hidden Risk To Face

ISD is a CEF offered by PGIM with 91% of the portfolio exposed to junk bonds. Compared to ETFs and other CEFs, it presents itself in a competitive way. Its distribution has been able to take advantage of the HY OAS contraction process.

Seeking Alpha • Nov 22, 2025

Income-Covered Closed-End Fund Report, October 2025

This report screens ~400 closed-end funds for those with distribution coverage above 100%, aiming to identify lower-risk income opportunities for investors. Key metrics include premium/discount, z-score, leverage, baseline expense, and coverage. Top picks feature funds that offer high yields, deep discounts, and strong coverage, highlighting attractive value and income potential.

Seeking Alpha • Oct 21, 2025

ISD: Upside Potential Appears Limited, May Be Best To Take Gains

PGIM High Yield Bond Fund (ISD) offers an 8.7% yield, outperforming indices but lagging many peer CEFs on income. ISD has preserved and grown NAV over three years, unlike higher-yielding peers that eroded capital to maintain distributions. The fund is currently expensive, trading at a 1.68% premium to NAV, while most peers trade at discounts, making it hard to justify buying now.

Seeking Alpha • Sep 12, 2025

PGIM Closed-End Funds declare distributions for September, October and November 2025

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 September, October and November 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 – P.

Business Wire • Aug 29, 2025

ISD: A Decent Way To Get Junk Bond Exposure If The Price Improves

PGIM High Yield Bond Fund offers a 9.11% yield, outperforming indices but lagging some peers; distribution appears sustainable for now. Fund's short duration and floating-rate exposure provide some insulation from long-term rate volatility, but rate cuts may reduce net investment income. The fund's portfolio has some floating-rate exposure, it is not all junk bonds.

Seeking Alpha • Jun 12, 2025

PGIM Closed End Funds declare distributions for June, July, and August 2025

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.

Business Wire • May 30, 2025

ISD: 3 Reasons To Be Cautious Despite Strong Historical Performance

The PGIM High Yield Bond Fund (ISD) aims for high current income by investing in below investment grade bonds. ISD has delivered strong results historically for investors but has experience high levels of volatility. The fund has a high expense ratio compared to other high yield focused products.

Seeking Alpha • Mar 25, 2025

PGIM Closed End Funds Declare Distributions for March, April, and May 2025

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 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.

Business Wire • Feb 28, 2025

PGIM Closed-End Funds Declare Distributions for December 2024, January, and February 2025

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,.

Business Wire • Nov 29, 2024

ISD: A Lifecycle Progression To A Sell (Rating Downgrade)

PGIM High Yield Bond Fund is downgraded to 'Sell' due to tight NAV discount, low true yield, and high ROC utilization. The fund's 9% distribution is misleading, with an actual yield of around 6.3% due to high ROC and floating rate leverage costs. U.S. high yield spreads are at decade lows, making the risk-reward profile unattractive for ISD compared to unleveraged alternatives.

Seeking Alpha • Sep 30, 2024