PGIM High Yield Bond Fund (NYSE:ISD) is a closed-end investment company managed by PGIM Fixed Income, the global debt management arm of PGIM, which is the investment management business of Prudential Financial. Launched in 1994 and rebranded in 2014, the fund seeks to provide investors with high current income and the potential for capital appreciation by investing primarily in below-investment-grade corporate debt securities.
The fund’s portfolio is diversified across sectors such as communications, energy, financials and industrials, with a core focus on U.S. dollar-denominated high yield bonds. Portfolio managers also have the flexibility to allocate to global high yield issues, bank loans, convertible securities and other fixed income instruments. Through rigorous credit research and a disciplined selection process, the team aims to identify mispriced opportunities and manage downside risk in various market environments.
PGIM High Yield Bond Fund is overseen by an experienced team of fixed income specialists based in Newark, New Jersey, and London. Leveraging PGIM’s more than 80 years of fixed income expertise, the leadership combines sector knowledge with quantitative and fundamental analysis to construct a portfolio that adapts to changing interest rate trends and credit cycles.
Listed on the New York Stock Exchange under the ticker ISD, the fund is available to both individual and institutional investors seeking enhanced yield exposure. The closed-end structure permits the use of moderate leverage to potentially increase income, while regular monthly distributions offer a consistent cash flow component. This strategy is designed for investors with a higher tolerance for credit risk and a long-term investment horizon.
AI Generated. May Contain Errors.
Free ISD Stock Alerts