PGIM Shrt Duratin Hgh Yld Opprtnts Fund

BlackRock Municipal 2030 Target Term Trust

Saba Closed-End Funds ETF

Eaton Vance Municipal Bond Fund

Western Asset High Yield Defined Opportunity Fund Inc

Nuveen Municipal Credit Income Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

RiverNorth Capital and Income Fund

Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.

Ideas For Managing CEF Discount Volatility

Shrinking yield spread, economic slowdown, and rising recession risks, prompting a downgrade of SHDY from Strong Buy to Buy. SHDY remains a Buy for its 8.06% yield and portfolio diversification. Management and term-based liquidation offer some resilience amid uncertainties. Macro backdrops warrant caution on high-yield bonds currently sitting at high price levels. Consider funds with reduced risk for high-yield bonds investors.

SDHY: Rating Downgrade To Buy Amid Yield Spread Dropping And Slowing Economy

PGIM Global High Yield Fund

PGIM High Yield Bond Fund

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

PGIM Short Duration High Yield Opportunities Fund is a fixed income closed end fund from Prudential, focusing on shorter duration high yield bonds. The fund's performance has been disappointing, lagging behind peers and trading at a large discount to NAV due to poor timing in the market. SDHY needs a multi-year credit bull market to potentially improve its performance and narrow the discount to NAV, making it a less attractive option currently.

SDHY: Short Duration HY CEF That Fails To Impress

Bain Capital Specialty Finance Inc

Barings Global Short Duration High Yield Fund

Gladstone Capital

Nuveen Preferred & Income Term Fund

Blue Owl Capital Corp

Blue Owl Capital Corp III

Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

Opportunities In Income Securities That Have Lagged The Rally

PIMCO Dynamic Income Fund

Brookfield Real Assets Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

At my CEF Insider service, we've been bullish on corporate bonds (especially corporate bond–focused closed-end funds yielding 8%+) for a long time now.

Coming Bond Rally ‘Sequel' Will Send These 8%+ Dividends Soaring

This levitating stock market has brought back worries about a crash (and a recession). I know, I know.

These 8.4%+ Bond Dividends Are Better Buys Now

Horizon Technology Finance

iShares iBonds 2026 Term High Yield and Income ETF

SPDR Bloomberg High Yield Bond ETF

Oxford Square Capital

FolioBeyond Rising Rates ETF

SPDR Bloomberg Short Term High Yield Bond ETF

Many investors oversimplify the investment process with respect to duration by thinking about the concept on a single spectrum. They also focus overly on today's yield rather than considering reinvestment risk as well as capital gains consequences. We discuss two of these investment process shortcomings and highlight a number of attractive holdings in the context of the current market environment.

Finding The Sweetspot Across The Yield Curve At 7-9% Yields

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

PGIM Short Duration High Yield Opps (SDHY) is a CEF with a deep NAV discount 12.55% and a high dividend yield of 8.6%. SDHY is a term fund to liquidate at NAV in 2029, it will kick off a price run-up to close the NAV discount gap. A great buy opportunity. The high leveraged fund, with focuses on short duration high yield corporate bonds, could be in a sweet spot with moderate cut expected and a resilient economy.

SDHY: A Strong Buy For Sizeable Term NAV Revert

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

The PGIM Short Duration High Yield Opportunities Fund is a potential investment option for investors seeking some protection in the volatile interest rate environment. The latest inflation report coming in hot once again has shifted the focus to rates being "higher for longer." SDHY has shown respectable performance in terms of its underlying portfolio and is also trading at a fairly attractive discount.

SDHY: High-Yield Short-Duration Focused CEF At A Discount

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

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 2023. The distribution amounts and schedule for each fund appear 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 – PG.

PGIM Closed-End Funds declare distributions for September, October and November 2023

SDHY focuses on a portfolio primarily of high-yield corporate bonds but also mixes in some floating rate exposure. The fund has experienced an increase in distribution coverage since our last update, which is encouraging for maintaining the distribution going forward. With the fund's focus on short duration and an attractive discount, it could be worth considering at this time.

SDHY: Improving Distribution Coverage And Trading At A Deep Discount

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 2023. The distribution amounts and schedule for each fund appear 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 Closed-End Funds declare distributions for June, July and August 2023

The SDHY fund primarily invests in short-duration junk bonds to generate income and capital appreciation. It pays an attractive 7.6% of NAV distribution that appears sustainable at current treasury yields and credit spreads.

SDHY: High Yielding Short-Duration Junk Bond Fund

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 2023. 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 March, April and May 2023

We covered SDHY over a year ago; since then, the fund's discount has widened even further. The good news is that the fund's performance has been about what we could expect, which is holding up relatively better than other fixed-income assets.

SDHY: Short Duration Portfolio At A Discount

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 monthly distributions today for December 2022, January and February 2023. The distribution amounts and schedule for each fund appears below:

PGIM Closed-End Funds declare distributions for December 2022, January and February 2023

The current high-yield corporate bond market landscape allows investors to achieve a similar level of yield for different levels of duration. This means that, unlike in typical market environments, investors who want to run a shorter-duration bond exposure aren't leaving any yield on the table.

BGH Vs. SDHY: A Look At Two 8-9%-Yielding Limited-Duration Bond CEFs

Higher interest rates will be here before too long; SDHY has a short-duration focus that can put it in a better position. SDHY currently has an attractive discount and appealing monthly distribution.

SDHY: Attractive Discount, Lower Interest Rate Sensitivity

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

Blackstone Strategic Credit Fund

BlackRock 2022 Global Income Opportunity Trust

Blackstone Long-Short Credit Income Fund

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

Blackstone/GSO Senior Floating Rate Term Fund

MFS Intermediate High Income Fund

BNY Mellon High Yield Strategies Fund 

Eaton Vance Short Duration Diversified Income Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

Nuveen Floating Rate Income Opportunity Fund ETF

Neuberger Berman High Yield Strategies Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Pioneer Floating Rate Trust

Pioneer High Income Trust

Invesco High Income Trust II

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

PGIM launched SDHY in the latter part of November of 2020. The sponsor only has a few CEFs, SDHY is just their third fund.

News for PGIM Shrt Duratin Hgh Yld Opprtnts Fund ETF (SDHY)