Fund Spotlight: PGIM Short Duration HY Opps (SDHY) | Positioned For Higher Rates
Summary
Like most new funds, this one has seen selling pressure widening out the discount materially in the last two months.
The fund was at a premium just 32 calendar days ago. Today, it is trading at a -9% discount.
SDHY is run similarly to the other two PGIM funds with a short-duration high-yield (but BB focused) portfolio.
The yield is an attractive 7.…
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