ISD

PGIM High Yield Bond Fund
ISD

$13.89

0.36%

Market Cap: $462M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

6.58% less ownership

Funds ownership: 37.51% [Q1] → 30.93% (-6.58%) [Q2]

9% less funds holding

Funds holding: 77 [Q1] → 70 (-7) [Q2]

18% less capital invested

Capital invested by funds: $162M [Q1] → $132M (-$29.5M) [Q2]

54% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 13

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Research analyst outlook

We haven’t received any recent analyst ratings for ISD.

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Financial journalist opinion

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

PGIM Closed End Funds Declare Distributions for June, July and August 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 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.

PGIM Closed End Funds Declare Distributions for June, July and August 2024

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ISD: Not An Attractive Entry Point At This Level (Rating Downgrade)

Credit spreads have tightened significantly, reaching historic lows, indicating a risk-on market and potentially inadequate compensation for credit risk. The discount to NAV for the PGIM High Yield Bond Fund has narrowed, approaching decade-long highs, suggesting a less attractive entry point. Despite the less appealing entry point, the fund has performed well and represents a solid choice to hold due to its high dividend distribution and successful management team.

ISD: Not An Attractive Entry Point At This Level (Rating Downgrade)

PGIM Closed End Funds declare distributions for March, April, and May 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 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.

PGIM Closed End Funds declare distributions for March, April, and May 2024

PGIM Closed-End Funds declare distributions for December 2023, January and February 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 December 2023, and January and February 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.

PGIM Closed-End Funds declare distributions for December 2023, January and February 2024

ISD: Diversified Junk Bond Fund, But Distribution Does Not Appear Sustainable

The PGIM High Yield Bond Fund, Inc. seeks to provide a high current income by investing in junk bonds with a yield of 10.81%. The ISD closed-end fund's total return of 5.82% this year is lower than the Bloomberg High Yield Very Liquid Index and the S&P 500 Index. The fund does not completely ignore investment-grade securities, although it is mostly in high-quality junk debt.

ISD: Diversified Junk Bond Fund, But Distribution Does Not Appear Sustainable

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