# PGIM High Yield Bond Fund, Inc. (ISD): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/isd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Bond - Strategy: Actively Managed · Inception: 2012-04-26 PGIM High Yield Bond Fund, Inc. operates as a diversified closed-end management investment company. The firm intends to provide a portfolio that focuses the majority of its holdings on higher-rated high yield bonds, emphasizes bonds that are slated to mature within the next five years, and offers average portfolio duration of three years or less. It invests in high yield bonds, derivative securities, foreign securities, emerging markets securities and fixed income investments. The company was founded on November 14, 2011 and is headquartered in Newark, NJ. ## Key Facts | Metric | Value | |---|---| | Price | $11.48 | | Expense Ratio | 2.15% | | Market Value | $382.8M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 10.98% | | Annual Distribution (TTM) | $1.26 /share | | Distribution Frequency | Monthly | | 52-Week Range | $11.30 – $14.79 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.1050 /share - Ex-date: 2026-11-12 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does ISD invest in? PGIM High Yield Bond Fund, Inc. operates as a diversified closed-end management investment company. The firm intends to provide a portfolio that focuses the majority of its holdings on higher-rated high yield bonds, emphasizes bonds that are slated to mature within the next five years, and offers average portfolio duration of three years or less. It invests in high yield bonds, derivative securities, foreign securities, emerging markets securities and fixed income investments. The company was founded on November 14, 2011 and is headquartered in Newark, NJ. ### What is the expense ratio of ISD? PGIM High Yield Bond Fund, Inc. (ISD) charges an expense ratio of 2.15%. This is the annual fee deducted from fund assets to cover management and operations. ### What is ISD's dividend yield? ISD's trailing-twelve-month yield is 10.98%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of ISD? Effective duration measures ISD's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ISD's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of ISD? ISD'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 ISD? Yield to maturity (YTM) is the total return you'd earn from ISD if every bond in the portfolio is held to maturity at the current price. ISD'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. ### Does ISD pay a dividend? Yes, PGIM High Yield Bond Fund, Inc. (ISD) distributes dividends to shareholders. The trailing-twelve-month yield is 10.98%. Full dividend history is on this page. ### How often does ISD pay dividends? PGIM High Yield Bond Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is ISD's next ex-dividend date? The most recently announced ex-dividend date for ISD was 2026-11-12. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will ISD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.15% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ISD charge its expense ratio? The expense ratio is deducted in tiny daily slices from ISD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ISD cost more than a fund like VOO? ISD is actively managed (current expense ratio 2.15%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether ISD's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to ISD? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as ISD (2.15%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/isd - Distribution history: https://www.dividenddata.com/funds/isd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/isd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/isd/expenses - Peer comparison: https://www.dividenddata.com/funds/isd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.