ISD

PGIM High Yield Bond Fund

ISD

Market cap $487M

Overview Fund Activity

14.68 USD

+0.04

0.27%

At close Updated Sep 17, 4:00 PM EDT

1 day

0.27%

5 days

1.66%

1 month

1.66%

3 months

6.3%

6 months

5.08%

Year to date

6.76%

1 year

5.76%

5 years

4.19%

10 years

0.41%

About: PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The Fund's investment objective is to provide a high level of current income. It invests at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

0.94% less ownership

Funds ownership: 24.34% [Q1] → 23.4% (-0.94%) [Q2]

4% less capital invested

Capital invested by funds: $115M [Q1] → $110M (-$5.1M) [Q2]

9% less funds holding

Funds holding: 68 [Q1] → 62 (-6) [Q2]

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

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.

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

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.

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

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

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.

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

ISD: 3 Reasons To Be Cautious Despite Strong Historical Performance

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.

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

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

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.

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

PGIM Closed-End Funds Declare Distributions for September, October and November 2024

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 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 – P.

PGIM Closed-End Funds Declare Distributions for September, October and November 2024

ISD: Steady As It Goes

ISD fund continues to deliver steady performance with long-term above-average returns. However, I remain concerned about the fund's distribution, currently set at 9.2% of NAV, compared to long-term fund returns. Furthermore, a yawning gap between credit defaults and credit spreads suggests investors are not being compensated for elevated credit risks.

ISD: Steady As It Goes

See News Rankings

Charts implemented using Lightweight Charts™