PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc., the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.
The fund’s investment strategy centers on fundamental credit research and bottom-up security selection. Portfolio managers analyze issuer financials, industry trends and risk factors to identify high-yield bonds that offer attractive risk-adjusted returns. Holdings typically span a range of sectors such as telecommunications, energy, consumer goods and financial services. Geographic exposure includes North America, Europe and selected markets in Latin America and Asia, enabling the fund to capture yield differentials across regions.
To enhance income generation, PGIM Global High Yield Fund employs moderate leverage through instruments such as borrowings and preferred stock issuance. This structure aims to amplify returns in rising markets while maintaining risk controls. Shares trade on the New York Stock Exchange under the ticker GHY, providing investors with daily liquidity and the potential for monthly distribution payments derived from fund earnings.
PGIM’s fixed income team brings decades of experience in global credit markets, supported by an extensive network of research analysts and risk management professionals. With a focus on rigorous credit analysis and disciplined portfolio construction, the team strives to navigate market volatility and deliver consistent income opportunities for shareholders. The fund leverages PGIM’s institutional infrastructure and deep market expertise to manage credit risk across economic cycles.
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