PGIM High Yield Bond Fund, Inc. is a mutual fund focusing on high yield, fixed income investments primarily in the U.S. market. Managed by Prudential Investments LLC, it aims to diversify its portfolio by investing in below investment grade bonds, with a strategy to keep the portfolio's average duration under three years. The fund avoids municipal, asset-backed, and mortgage-backed securities, leveraging fundamental analysis to select its investments. Established in 2012, it seeks to provide investors with income through higher risk bonds.
An article in The Wall Street Journal reported in early May that consumers across the US have had to drastically cut spending on purchases from McDonald’s, Starbucks, and on name brand packaged…
