Prudential Global Short Duration High Yield Fund (NYSE: GHY) has invested all of the proceeds received at the closing of its initial public offering on December 26, 2012.
The Fund seeks to provide investors with a high level of current income. It invests in a global portfolio consisting primarily of higher-rated, below investment-grade fixed income instruments. It seeks to maintain a weighted average portfolio duration of three years or less and an average maturity of five years or less 1. There is no guarantee the Fund’s objective will be achieved.
As of February 15, 2013, the Fund’s investments were comprised approximately as follows:
Portfolio Composition 2 :
Credit Quality Allocation
Top Ten Countries
Top Ten Industries
|Media & Entertainment||8.31|
|Health Care & Pharmaceuticals||4.91|
|Average Maturity||4.9 years|
|Total Managed Assets||$ 927,143,186|
|Total Net Assets||$ 777,143,186|
|Distribution Amount||$0.125 per share|
|Frequency||Monthly (declared quarterly, paid monthly)|