PGIM Short Duration High Yield Fund (SDHY)
NYSE NYSE Primary 
XMIL 
SDHY: Rating Downgrade To Buy Amid Yield Spread Dropping And Slowing Economy
Shrinking yield spread, economic slowdown, and rising recession risks, prompting a downgrade of SHDY from Strong Buy to Buy. SHDY remains a Buy for its 8.06% yield and portfolio diversification. Management and term-based liquidation offer some resilience amid uncertainties. Macro backdrops warrant caution on high-yield bonds currently sitting at high price levels. Consider funds with reduced risk for high-yield bonds investors.
SDHY: Short Duration HY CEF That Fails To Impress
PGIM Short Duration High Yield Opportunities Fund is a fixed income closed end fund from Prudential, focusing on shorter duration high yield bonds. The fund's performance has been disappointing, lagging behind peers and trading at a large discount to NAV due to poor timing in the market. SDHY needs a multi-year credit bull market to potentially improve its performance and narrow the discount to NAV, making it a less attractive option currently.
These 8.4%+ Bond Dividends Are Better Buys Now
This levitating stock market has brought back worries about a crash (and a recession). I know, I know.
