Scott E. Benjamin

GHY

DIRECTOR · PGIM GLOBAL HIGH YIELD FUND, INC. · CIK 0001547321

FILING MIX · LIFETIME82%/18%

BUYS

SELLS

TOTAL VALUE

$464.95M

COMPANIES

ACTIVE SINCE

Mar 2020

HOLDINGS NOW

10,054

AVG SELL PX

$61,978.34

Trades · vs SPY

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Performance · forward returns vs SPY

11 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Scott E. Benjamin, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	11	+18.18%	-2.63%	+1.23%	-3.85%	-3.75%	—
14d	11	+81.82%	+5.54%	+5.35%	+0.19%	+0.72%	—
30d	11	+81.82%	+7.59%	+12.06%	-4.47%	-3.88%	—
60d	11	+81.82%	+16.48%	+16.30%	+0.18%	+0.50%	—
90d	11	+81.82%	+15.60%	+16.87%	-1.27%	-1.23%	—
180d	11	+81.82%	+23.36%	+26.69%	-3.33%	-3.34%	—
1y	11	+81.82%	+45.23%	+53.28%	-8.05%	-8.04%	—
2y	11	+81.82%	+43.14%	+80.47%	-37.33%	-36.48%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

GHY · 0 shares · as of Mar 30, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 9 buys / 2 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	200	$11.49	$2.3K	9,608	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	4,064	$11.65	$47.3K	4,414	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	1,600	$11.55	$18.5K	9,408	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	994	$11.56	$11.5K	7,808	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	400	$11.53	$4.6K	10,008	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	1,200	$11.61	$13.9K	5,614	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	1,200	$11.59	$13.9K	6,814	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	296	$11.51	$3.4K	10,350	Mar 30, 2020	Apr 1, 2020 ↗
ISD PGIM HIGH YIELD BOND FUND, INC.	PURCHASE	46	$11.52	$530	10,054	Mar 30, 2020	Apr 1, 2020 ↗
GHY PGIM GLOBAL HIGH YIELD FUND, INC.	SALE	1,160	$12,985.77	$15.06M	6,340	Mar 30, 2020	Apr 1, 2020 ↗
GHY PGIM GLOBAL HIGH YIELD FUND, INC.	SALE	6,340	$70,942.28	$449.77M	0	Mar 30, 2020	Apr 1, 2020 ↗

Other insiders · GHY

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About this filer

CIK 0001547321

ROLE

Director

PRIMARY

GHY

COMPANIES

ACTIVE SINCE

Mar 2020

MARKETPEEL · /INSIDER/0001547321DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Scott E. Benjamin

The morning brief, before the bell.