PGIM Global High Yield Fund

GHY

Market cap $495M

Seven high-yield fixed income CEFs—ARDC, BGH, BIT, GHY, KIO, OPP, WDI—currently trade at wider-than-average discounts, offering yields from 10% to 14%. Market fears over private credit and macroeconomic uncertainty have pressured prices, creating potential buying opportunities for long-term income investors. These funds diversify across senior loans, high-yield bonds, CLOs, and MBS, balancing floating and fixed-rate exposure to manage interest rate risk.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and 10.8% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

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 2026. 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 – PGIM Short Du.

PGIM Global High Yield Fund remains a hold as it trades at the higher end of its price-to-NAV range. GHY offers a 10% dividend yield, but inconsistent earnings and reliance on net realized gains create variable coverage and NAV growth. The fund's portfolio is 88.6% below investment grade, making it sensitive to interest rates and credit risk.

PGIM Global High Yield Fund (GHY) offers a 10.14% yield, outperforming major bond indices and most peers on total and real returns. GHY maintains a well-diversified portfolio with only 42.2% U.S. exposure, positioning it to benefit from a weakening U.S. dollar and monetary easing. The fund's distribution is currently covered by investment income and unrealized gains, with net asset value stability suggesting sustainability.

PGIM Global High Yield Fund (GHY) offers global fixed-income exposure with a high 9.6% yield, but dividend sustainability is questionable. GHY trades at a minimal discount to NAV, making current valuation less attractive compared to its historical average discount. The fund relies heavily on below investment grade bonds and leverage, exposing it to default risk and interest rate sensitivity.

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.

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.

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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 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.