PGIM Short Duration High Price, Forecast, Insider, Ratings, Fundamentals & Signals

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.

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 2023. the distribution amounts and schedule for each fund appear 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 – pg.

PGIM Short Duration High Yield Opps (SDHY) is a CEF with a deep NAV discount 12.55% and a high dividend yield of 8.6%. SDHY is a term fund to liquidate at NAV in 2029, it will kick off a price run-up to close the NAV discount gap. A great buy opportunity. The high leveraged fund, with focuses on short duration high yield corporate bonds, could be in a sweet spot with moderate cut expected and a resilient economy.

The PGIM Short Duration High Yield Opportunities Fund is a potential investment option for investors seeking some protection in the volatile interest rate environment. The latest inflation report coming in hot once again has shifted the focus to rates being "higher for longer." SDHY has shown respectable performance in terms of its underlying portfolio and is also trading at a fairly attractive discount.

SDHY focuses on a portfolio primarily of high-yield corporate bonds but also mixes in some floating rate exposure. The fund has experienced an increase in distribution coverage since our last update, which is encouraging for maintaining the distribution going forward. With the fund's focus on short duration and an attractive discount, it could be worth considering at this time.

The SDHY fund primarily invests in short-duration junk bonds to generate income and capital appreciation. It pays an attractive 7.6% of NAV distribution that appears sustainable at current treasury yields and credit spreads.

We covered SDHY over a year ago; since then, the fund's discount has widened even further. The good news is that the fund's performance has been about what we could expect, which is holding up relatively better than other fixed-income assets.

The current high-yield corporate bond market landscape allows investors to achieve a similar level of yield for different levels of duration. This means that, unlike in typical market environments, investors who want to run a shorter-duration bond exposure aren't leaving any yield on the table.

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