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PGIM Short Duration High Yield Income Fund (HYSZX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PGIM Short Duration High Yield Income Fund (HYSZX)

Mutual Fund · Currency in USD · Last updated May 18, 2025

Under normal market conditions, the fund will invest at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are below investment grade with varying maturities and other investments (including derivatives) with similar economic characteristics.

Fund Info

ISIN

US74442J3077

CUSIP

74442J307

Issuer

PGIM Investments

Inception Date

Oct 26, 2012

Category

High Yield Bonds

Min. Investment

$0

Asset Class

Bond

Expense Ratio

HYSZX has an expense ratio of 0.75%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons:
HYSZX vs. HYS HYSZX vs. HYZD HYSZX vs. FLRT HYSZX vs. BSJN HYSZX vs. CHIAX HYSZX vs. JNK HYSZX vs. DEM HYSZX vs. IDV HYSZX vs. JEPI HYSZX vs. DVYE
Popular comparisons:
HYSZX vs. HYS HYSZX vs. HYZD HYSZX vs. FLRT HYSZX vs. BSJN HYSZX vs. CHIAX HYSZX vs. JNK HYSZX vs. DEM HYSZX vs. IDV HYSZX vs. JEPI HYSZX vs. DVYE

Performance

Performance Chart

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Returns By Period

PGIM Short Duration High Yield Income Fund (HYSZX) returned 2.51% year-to-date (YTD) and 8.42% over the past 12 months. Over the past 10 years, HYSZX returned 4.76% annually, underperforming the S&P 500 benchmark at 10.89%.

HYSZX

YTD

2.51%

1M

2.11%

6M

2.92%

1Y

8.42%

5Y*

6.61%

10Y*

4.76%

^GSPC (Benchmark)

YTD

1.30%

1M

12.79%

6M

1.49%

1Y

12.35%

5Y*

15.12%

10Y*

10.89%

*Annualized

Monthly Returns

The table below presents the monthly returns of HYSZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.39%0.74%-0.64%0.29%0.72%2.51%
2024-0.14%0.41%1.10%-0.89%1.15%0.89%1.64%1.36%1.33%-0.40%0.72%-0.31%7.03%
20232.65%-0.99%1.16%0.89%-0.54%1.27%1.38%0.43%-1.10%-0.81%3.49%3.13%11.35%
2022-1.26%-0.41%-0.46%-1.90%0.24%-5.00%4.20%-1.19%-2.84%1.89%1.76%-0.47%-5.61%
20210.90%0.85%0.56%0.75%0.54%0.52%0.29%0.52%0.16%0.07%-0.58%1.19%5.93%
2020-0.09%-1.27%-10.63%3.89%4.14%0.89%3.13%0.98%-0.17%0.09%2.65%1.34%4.18%
20193.33%1.24%0.82%1.03%-0.71%1.91%0.37%0.61%0.41%0.12%0.72%1.32%11.70%
20180.83%-0.22%-0.07%0.46%0.37%0.48%0.80%0.64%0.42%-0.87%-0.17%-1.48%1.18%
20170.60%0.89%-0.03%0.66%0.82%0.18%0.65%0.15%0.36%0.34%-0.20%0.27%4.78%
2016-0.35%0.40%1.89%1.85%0.39%0.27%1.27%0.92%0.49%-0.21%-1.01%1.16%7.27%
20150.27%1.36%0.19%0.63%0.53%-0.44%0.13%-0.58%-0.89%1.45%-1.13%-0.68%0.80%
20140.12%1.01%0.24%0.33%0.33%0.41%-0.99%1.06%-1.23%1.01%-0.61%-0.70%0.95%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 96, HYSZX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of HYSZX is 9696
Overall Rank
The Sharpe Ratio Rank of HYSZX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of HYSZX is 9696
Sortino Ratio Rank
The Omega Ratio Rank of HYSZX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of HYSZX is 9595
Calmar Ratio Rank
The Martin Ratio Rank of HYSZX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

PGIM Short Duration High Yield Income Fund Sharpe ratios as of May 18, 2025 (values are recalculated daily):

  • 1-Year: 2.58
  • 5-Year: 1.70
  • 10-Year: 1.13
  • All Time: 1.15

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of PGIM Short Duration High Yield Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

PGIM Short Duration High Yield Income Fund provided a 6.63% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 4 consecutive years.

5.00%5.50%6.00%6.50%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.56$0.57$0.54$0.49$0.45$0.45$0.50$0.51$0.51$0.56$0.60$0.59

Dividend yield

6.63%6.77%6.42%6.15%5.01%5.00%5.53%5.95%5.73%6.13%6.76%6.22%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.04$0.05$0.04$0.00$0.18
2024$0.05$0.04$0.05$0.05$0.04$0.04$0.05$0.04$0.04$0.05$0.06$0.05$0.57
2023$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.04$0.07$0.05$0.54
2022$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.04$0.49
2021$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.45
2020$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.45
2019$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.50
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.51
2017$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.51
2016$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.05$0.04$0.06$0.04$0.56
2015$0.06$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.05$0.60
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.01$0.05$0.59

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 0.00%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.31%Feb 24, 202022Mar 24, 2020111Aug 31, 2020133
-8.96%Jan 4, 2022184Sep 27, 2022233Aug 31, 2023417
-4.03%Jun 2, 2015177Feb 11, 201638Apr 7, 2016215
-3.7%May 10, 201332Jun 25, 201375Oct 10, 2013107
-3.52%Oct 3, 201858Dec 26, 201824Jan 31, 201982

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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