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The VanEck High Yield Muni ETF seeks to match the investment performance of an index that tracks the U.S. high-yield long-term tax-exempt bond market. The bonds in this fund are generally exempt ...
PGIM Fixed Income is the fixed income investment arm of PGIM, with $968 billion in assets under management as of December 31, 2020. [7] PGIM Fixed Income focuses on investing in the global fixed income markets through offices in the US, London, Amsterdam, Zurich, Munich, Hong Kong, Tokyo and Singapore.
Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position For Quarter Ended February 28, 2013 NEWARK, N.J.--(BUSINESS WIRE) ...
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events but offer higher yields than investment-grade bonds to compensate for the increased risk.
In addition, 88% of the fund's holdings are BB or B rated, or just under the BBB rating separating speculative from investment grade bonds. The fund currently yields 6.5%, near its five-year high ...
In 1986, MFS offered the first closed-end, high-yield municipal bond fund to be traded on the New York Stock Exchange. In 1982, the company was acquired by Sun Life Financial of Canada. [5] In 1998, MFS Chairman and Chief Executive, A. Keith Brodkin died, causing a major shift in top management.
Prudential Short Duration High Yield Fund, Inc. Declares Regular Distribution for December 2012 and January, & February 2013 and a Special Distribution NEWARK, N.J.--(BUSINESS WIRE)-- Prudential ...
An important property of bond funds is the rating of the bonds they own. Funds may be rated from high to low credit quality. The quality of a fund is the average of the bonds owned by the fund. Funds that pay higher yields typically own lower quality bonds. Like stocks, the price of high-yield bonds is subject to fashion.