- ISIN
- US74442J3077
- CUSIP
- 74442J307
- Issuer
- PGIM
- Inception Date
- Oct 26, 2012
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
HYSZX Performance Chart
PGIM Short Duration High Yield Income Fund (HYSZX) is up 1.4% since the beginning of the year. HYSZX is currently trading at $8 per share. Investors who bought $1,000 worth of HYSZX shares 5 years ago would now be looking at an investment worth $1,220.
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Returns By Period
PGIM Short Duration High Yield Income Fund (HYSZX) has returned 1.37% so far this year and 5.54% over the past 12 months. Over the last ten years, HYSZX has returned 4.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
PGIM Short Duration High Yield Income Fund
- 1D
- 0.00%
- 1M
- 0.66%
- YTD
- 1.37%
- 6M
- 2.02%
- 1Y
- 5.54%
- 3Y*
- 7.21%
- 5Y*
- 4.05%
- 10Y*
- 4.88%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HYSZX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, HYSZX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 2020 with a return of +4.2%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYSZX closed higher 32% of trading days. The best single day was Mar 26, 2020 with a return of +2.3%, while the worst single day was Mar 16, 2020 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 0.33% | -0.89% | 1.36% | 0.42% | -0.24% | 1.37% | ||||||
| 2025 | 1.39% | 0.74% | -0.63% | 0.29% | 1.40% | 1.61% | 0.43% | 1.02% | 0.05% | 0.27% | 0.50% | 0.52% | 7.84% |
| 2024 | -0.12% | 0.41% | 1.10% | -0.90% | 1.15% | 0.36% | 1.64% | 1.36% | 1.33% | -0.41% | 0.72% | -0.31% | 6.49% |
| 2023 | 2.66% | -1.00% | 1.16% | 0.37% | -0.54% | 1.27% | 1.38% | -0.12% | -1.10% | -1.36% | 3.49% | 3.13% | 9.57% |
| 2022 | -1.26% | -0.40% | -0.46% | -1.91% | 0.24% | -5.42% | 3.74% | -1.19% | -2.84% | 1.88% | 1.76% | -0.48% | -6.46% |
| 2021 | 0.45% | 0.85% | 0.57% | 0.75% | 0.54% | 0.52% | 0.29% | 0.53% | 0.16% | 0.07% | -0.57% | 1.20% | 5.48% |
Benchmark Metrics
PGIM Short Duration High Yield Income Fund has an annualized alpha of 3.24%, beta of 0.10, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 24.82% of S&P 500 Index downside but only 24.24% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.24%
- Beta
- 0.10
- R²
- 0.17
- Upside Capture
- 24.24%
- Downside Capture
- 24.82%
Expense Ratio
HYSZX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYSZX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYSZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.78 | -0.02 |
| Martin ratioReturn relative to average drawdown | 13.20 | 12.44 | +0.76 |
Dividends
Dividend History
PGIM Short Duration High Yield Income Fund provided a 6.39% dividend yield over the last twelve months, with an annual payout of $0.53 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.55 | $0.53 | $0.41 | $0.40 | $0.41 | $0.45 | $0.51 | $0.51 | $0.51 | $0.57 | $0.60 |
Dividend yield | 6.39% | 6.45% | 6.27% | 4.84% | 5.01% | 4.56% | 5.00% | 5.60% | 5.94% | 5.73% | 6.33% | 6.76% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Short Duration High Yield Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.21 | ||||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.55 |
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.00 | $0.05 | $0.04 | $0.04 | $0.05 | $0.06 | $0.05 | $0.53 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.04 | $0.00 | $0.04 | $0.00 | $0.07 | $0.05 | $0.41 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.00 | $0.04 | $0.04 | $0.04 | $0.06 | $0.04 | $0.40 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Short Duration High Yield Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Short Duration High Yield Income Fund was 18.31%, occurring on Mar 24, 2020. Recovery took 111 trading sessions.
The current PGIM Short Duration High Yield Income Fund drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.31%Mar 2020 | 29d | 5mo 10d | 6mo 9dFeb 2020 - Aug 2020 |
Bear market2022 | -9.77%Sep 2022 | 8mo 26d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2013 pullback2013 | -3.66%Jun 2013 | 1mo 16d | 3mo 17d | 5mo 3dMay 2013 - Oct 2013 |
2016 pullback2016 | -3.55%Feb 2016 | 8mo 14d | 1mo 19d | 10mo 3dJun 2015 - Mar 2016 |
Rate-hike selloffLate 2018 | -3.52%Dec 2018 | 2mo 24d | 1mo 6d | 4moOct 2018 - Jan 2019 |
Drawdown Indicators
| HYSZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -56.78% | +38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -9.10% | +7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -18.90% | +16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -9.77% | -25.43% | +15.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -33.92% | +15.61% |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -10.71% | +9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.03% | -1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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