PGIM High Yield Bond Fund, Inc.

PGIM High Yield Bond Fund, Inc. (ticker: ISD) is a closed-end fixed income mutual fund that focuses on investing in high yield bonds. The fund is launched and managed by Prudential Investments LLC and co-managed by Prudential Investment Management, Inc. It primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade, such as those rated Ba1 or lower by Moody's or BB+ or lower by S&P. The fund targets securities across all maturities while aiming to maintain a weighted average portfolio duration of three years or less. It does not invest in municipal debt, asset-backed securities, or mortgage-backed securities. The fund employs fundamental analysis to make its investment decisions.

PGIM High Yield Bond Fund, Inc. (ISD) is listed on the New York Stock Exchange (NYSE) and trades in U.S. dollars (USD). As a closed-end fund traded on a major U.S. exchange, investors can buy and sell shares through brokerage accounts. The fund's listing on the NYSE provides liquidity and transparency, with prices determined by market supply and demand. The use of USD as the trading currency aligns with the fund's focus on U.S. fixed income markets.

PGIM High Yield Bond Fund, Inc. (ISD) operates in the Financial Services sector and is classified under the Asset Management industry. As an asset management company, it manages a portfolio of high yield bonds on behalf of investors. The fund's primary activity is investing in below-investment-grade fixed income securities, which falls under the broader umbrella of asset management and investment services. This classification reflects its role in pooling capital from shareholders to invest in a diversified bond portfolio.

PGIM High Yield Bond Fund, Inc. (ISD) is domiciled in the United States and focuses its investments on the U.S. fixed income markets. The fund was formed on April 30, 2012, and is based in the U.S. It primarily invests in high yield bonds issued by U.S. companies, targeting securities across all maturities. The fund does not invest in municipal debt, asset-backed securities, or mortgage-backed securities, concentrating instead on corporate high yield bonds. By focusing on the U.S. market, it serves investors seeking exposure to domestic below-investment-grade fixed income opportunities.

PGIM High Yield Bond Fund, Inc. (ISD) generates returns primarily through interest income and capital appreciation from its portfolio of high yield bonds. The fund invests in a diversified portfolio of below-investment-grade fixed income instruments, which typically offer higher yields compared to investment-grade bonds to compensate for higher credit risk. The fund employs fundamental analysis to select securities and aims to maintain a weighted average portfolio duration of three years or less, which helps manage interest rate sensitivity. By focusing on high yield bonds across various maturities, the fund seeks to provide regular income and potential price gains. It does not invest in municipal debt, asset-backed securities, or mortgage-backed securities, concentrating solely on corporate high yield bonds.