PGIM High Yield Bond Fund, Inc.: A Competitive CEF with a Hidden Risk

PGIM High Yield Bond Fund, Inc. (ISD) is a competitive closed-end fund (CEF) in the junk segment, offering attractive yields for investors. However, investors should be aware of the fund's hidden risk due to its high leverage and concentration in lower-rated bonds. Despite this, ISD has consistently outperformed its peers, making it an attractive option for investors seeking high-yielding investments in the junk bond market.