Pacholder High Yield Fund, Inc. is a closed-end, diversified management investment company. The Fund's investment objective is to seek a high level of total return through current income and capital appreciation by investing primarily in high yield, fixed income securities of domestic companies. Under normal circumstances, the Fund invests at least 80% of the value of its assets in high yield debt securities. The Fund invests primarily in high yield fixed income securities of domestic companies. The Fund invests in floating rate loans and other floating rate debt securities. The Fund invests in various sectors, such as consumer discretionary, automobiles, consumer services, hotels, restaurants and leisure, household durables, media, specialty retail, food and staples retailing, food products, personal products, oil, gas and consumable fuels, insurance, healthcare technology, and construction and engineering. J.P. Morgan Investment Management Inc. is the advisor of the Fund.