PGIM Global High Yield Fund, Inc. (GHY) reported a 6.50% net asset value (NAV) total return and a -1.54% market-price total return for the 12 months ended July 31, 2026; the Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index returned 6.69%. At year-end, the market price per share was $12.75 and NAV per share was $11.66. The fund’s objective is to provide a high level of current income.
Borrowing contributed to results because returns on securities purchased exceeded the cost of borrowing. GHY had borrowed $100 million and was about 16.1% leveraged at period-end; average leverage during the year was about 15.7%. Currency forward contracts used to hedge non-U.S.-dollar positions detracted from performance, while total return swaps and futures contributed. Of $51,610,212 in total distributions for the fiscal year, $13,200,265, or 25.6%, was a tax return of capital distribution; the report states this had no material impact on NAV. The current monthly dividend was $0.105 per share, and the distribution rate at market price was 10.81% as of July 31, 2026.
First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation report beneficial ownership of 8,488,445 common shares of PGIM Global High Yield Fund, Inc., representing 20.72% of the class. The shares are primarily held in unit investment trusts and other managed vehicles.
The reporting persons have no sole voting power, with 177,623 shares subject to shared voting power and 8,488,445 shares subject to shared dispositive power. Voting of the unit investment trust shares is generally carried out by the trustee, and each reporting person disclaims beneficial ownership of the shares identified.
PGIM Global High Yield Fund, Inc. has filed an initial Form 3 for Patricia Elizabeth Flynn, who serves as Chief Compliance Officer. This Form 3 sets out her status as an officer of the fund but shows no reported share transactions or holdings in the data provided.
PGIM Global High Yield Fund, Inc. will hold its 2026 annual stockholder meeting on June 17, 2026 at 11:00 a.m. in Newark, New Jersey. Stockholders will vote on electing three Class II directors to terms ending at the 2029 annual meeting and on ratifying PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending July 31, 2026.
The record date is March 26, 2026, when 40,961,118 common shares were outstanding and entitled to one vote each. If no instructions are given, properly executed proxies will be voted for all three director nominees and for the auditor ratification.
PGIM Global High Yield Fund (GHY) reported an insider transaction. A director filed a Form 4 showing a sale of 4,706 shares on 11/07/2025 at a price of $12.56 per share (code S). Following the trade, the filer reported beneficial ownership of 11,130.26 shares, held directly.
First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation filed Amendment No. 8 to Schedule 13G reporting beneficial ownership of 9,004,093 shares of PGIM Global High Yield Fund, Inc. (GHY), representing 21.98% of the common stock as of September 30, 2025.
The reporting persons indicate no sole voting or dispositive power, with shared voting power over 192,585 shares and shared dispositive power over 9,004,093 shares. The filing states the securities were acquired and are held in the ordinary course and not to influence control. Many shares are held in First Trust-sponsored unit investment trusts; voting is conducted by the trustee to mirror outside shareholders, and the filers disclaim beneficial ownership of the reported shares.
Barry H. Evans, a director of PGIM Global High Yield Fund, Inc. (GHY), reported a sale of company common stock. On 09/05/2025 Mr. Evans disposed of 26,421 shares at a reported price of $13.357 per share, leaving him with 15,632 shares beneficially owned. The Form 4 shows no derivative transactions and was signed under power of attorney on 09/08/2025.