SCHEDULE 13G/A: First Trust Entities Disclose 14.06% Stake in PGIM High Yield Bond Fund

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly reported a 14.06% beneficial ownership in PGIM High Yield Bond Fund, Inc. as of December 31, 2024.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G/A, reporting their beneficial ownership in PGIM High Yield Bond Fund, Inc.
• As of December 31, 2024, the aggregate amount beneficially owned by these reporting persons is 4,675,436 shares of Common stock.
• This represents 14.06% of the class of securities.
• The reporting persons hold shared dispositive power over 4,675,436 shares and shared voting power over 6,756 shares.
• The Charger Corporation serves as the General Partner for both First Trust Portfolios L.P. and First Trust Advisors L.P.
• First Trust Portfolios L.P. sponsors unit investment trusts (UITs) that hold shares of the issuer.
• First Trust Advisors L.P. acts as portfolio supervisor for these UITs and as investment advisor/sub-advisor for other investment vehicles holding issuer shares.
• The reporting persons explicitly disclaim beneficial ownership of the shares identified in this filing.
• Shares held by unit investment trusts are typically voted by the trustee in a manner proportional to shares held by other owners.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Disclosure of significant institutional ownership provides transparency to shareholders regarding the composition of the shareholder base.

Key Dates

Keywords

PGIM High Yield Bond Fund, First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, beneficial ownership, institutional ownership, investment fund, high yield bonds, common stock