GHY: One Of The Better Bond CEFs, But Too Expensive Right Now

  • PGIM Global High Yield Fund offers a 9.2% yield and strong international diversification, outperforming peers in a declining U.S. dollar environment. The fund's short duration and global exposure help mitigate risks from rising government debt and currency debasement concerns. Despite solid performance, the fund currently trades at a 3.8% premium to NAV, making it the most expensive among its peers.