Business Description
PGIM High Yield Bond Fund Inc. is a US-based closed-end fund that focuses on below-investment-grade bonds and other fixed income securities across a range of maturities, while keeping its average portfolio duration under three years. Managed by Prudential Investments LLC and co-managed by Prudential Investment Management Inc., the fund uses fundamental analysis to select investments but steers clear of municipal bonds, asset-backed securities, and mortgage-backed securities. It has been operating since April 2012.
