Prudential Global Short Duration High Yield Fund, Inc.

OBJECTIVE:

To provide a high level of current income.*

HOW THE FUND INVESTS:

The Fund invests primarily in a diversified portfolio of below investment grade bonds that:

  • Focuses the majority of its holdings on global, short duration, higher-rated high yield bonds.
  • Emphasizes bonds slated to mature within the next five years and that offer a weighted average duration of three years or less.

HIGHLIGHTS:

Global short duration higher rated high yield bonds provide the potential for:

  • Competitive yield in this historically low interest rate environment
  • Income benefits of high yield investing with less risk then the overall high yield category
  • Attractive risk-adjusted returns compared to broad high yield and stocks
  • Potential protection from rising interest rates
  • Exposure to a growing segment of the high yield bond market

MANAGER:

The Fund is managed by Prudential Fixed Income, since 1875 a credit-research-driven fixed income manager with a heritage of managing risk. It brings its deeply experienced Leveraged Finance Team to the Prudential Global Short Duration High Yield Fund.

 

* There is no guarantee the Fund's objective will be achieved.

BONY Bank of New York
Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange.
NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding.
Premium/Discount is the % difference between the Market price and the NAV price. There is no guarantee you will receive the stated Discount/Premium and additional fees may result from individual broker fees and transaction costs in the secondary market.
Distribution Rate is calculated by annualizing the most recent distribution paid, excluding special distributions, divided by the previous trading day's closing market price or NAV. As of 8/31/2014, the Fund estimates that the most recent distribution will be paid from: 100% investment income; 0% realized capital gains; and 0% return of capital. For more information about a distribution's composition refer to the distribution press release or Section 19 notice located on our website.

Market price, yields and NAV will fluctuate with changes in market conditions and an investor may purchase the shares at a different market price.

The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks; derivative securities, which may carry market, credit, and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty; and emerging markets securities, which are subject to greater volatility and price declines. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. There are fees and expenses involved with investing in the Fund.

0236861-00007-00 Ed. 03/2014