PGIM Global High Yield Fund, Inc.

Frequently Asked Questions About GHY

What does GHY invest in?

PGIM Global Short Duration High Yield Fund, Inc. is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc. or BB+ or lower by Standard & Poor's Ratings Services. It seeks to maintain a weighted average maturity of five years or less. PGIM Global Short Duration High Yield Fund, Inc. was formed on December 26, 2012 and is domiciled in the United States.

What is the expense ratio of GHY?

PGIM Global High Yield Fund, Inc. (GHY) charges an expense ratio of 2.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is GHY's dividend yield?

GHY's trailing-twelve-month yield is 11.65%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GHY?

Effective duration measures GHY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GHY?

GHY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GHY?

Yield to maturity (YTM) is the total return you'd earn from GHY if every bond in the portfolio is held to maturity at the current price. GHY's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.