PGIM Global High Yield Fund (NYSE: GHY) is an open-end investment company managed by PGIM, the global asset management business of Prudential Financial, Inc. The fund seeks to provide high current income and capital appreciation by investing primarily in high yield debt securities. It offers investors a diversified portfolio of corporate bonds, structured credit instruments and other fixed-income assets rated below investment grade or deemed comparable by the fund’s management team.
The fund’s investment strategy combines rigorous bottom-up credit research with top-down risk and macroeconomic analysis. By leveraging PGIM’s deep credit research platform, the portfolio managers identify undervalued opportunities across industries such as energy, telecommunications, financial services and real estate. Emphasis is placed on assessing issuer creditworthiness, covenant strength and market liquidity to manage default and spread risk within the high yield universe.
With a global mandate, GHY allocates assets across developed and emerging markets in North America, Europe and Asia, seeking to capture yield differentials and diversification benefits. Currency exposures may be hedged or tactically managed to align with the fund’s risk-return objectives. The fund also employs sector rotation and duration management to navigate changing interest rate environments and credit cycles.
PGIM Global High Yield Fund benefits from PGIM’s long-standing history in fixed-income investing, which dates back to Prudential Financial’s founding in 1875. The fund is overseen by a veteran team of fixed-income specialists led by senior portfolio managers with decades of experience in global credit markets. Through disciplined risk management and extensive market expertise, the team aims to deliver consistent performance for income-seeking investors.
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