PGIM Short Duration High Yield Income Fund (HYSZX)
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 features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: HYSZX vs. BSJN, HYSZX vs. FLRT, HYSZX vs. HYS, HYSZX vs. HYZD, HYSZX vs. JNK, HYSZX vs. IDV, HYSZX vs. DEM, HYSZX vs. JEPI, HYSZX vs. DVYE, HYSZX vs. DVYA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Short Duration High Yield Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Short Duration High Yield Income Fund had a return of 6.74% year-to-date (YTD) and 11.81% in the last 12 months. Over the past 10 years, PGIM Short Duration High Yield Income Fund had an annualized return of 4.76%, while the S&P 500 had an annualized return of 11.39%, indicating that PGIM Short Duration High Yield Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.74% | 25.48% |
| 1 month | 0.30% | 2.14% |
| 6 months | 5.22% | 12.76% |
| 1 year | 11.81% | 33.14% |
| 5 years (annualized) | 4.82% | 13.96% |
| 10 years (annualized) | 4.76% | 11.39% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | 0.41% | 1.10% | -0.90% | 1.15% | 0.90% | 1.64% | 1.36% | 1.33% | -0.40% | 6.74% | ||
| 2023 | 2.66% | -1.00% | 1.16% | 0.89% | -0.54% | 1.27% | 1.38% | 0.43% | -1.10% | -0.81% | 3.49% | 3.13% | 11.37% |
| 2022 | -1.26% | -0.40% | -0.46% | -1.91% | 0.24% | -4.99% | 4.20% | -1.19% | -2.84% | 1.88% | 2.00% | -0.48% | -5.40% |
| 2021 | 0.90% | 0.85% | 0.57% | 0.76% | 0.54% | 0.52% | 0.29% | 0.53% | 0.15% | 0.08% | -0.58% | 1.20% | 5.95% |
| 2020 | -0.10% | -1.27% | -10.63% | 3.90% | 4.15% | 0.89% | 3.13% | 0.98% | -0.17% | 0.09% | 2.66% | 1.34% | 4.19% |
| 2019 | 3.32% | 1.24% | 0.83% | 1.04% | -0.71% | 1.91% | 0.37% | 0.60% | 0.40% | 0.12% | 0.73% | 1.32% | 11.71% |
| 2018 | 0.83% | -0.22% | -0.06% | 0.46% | 0.37% | 0.49% | 0.80% | 0.64% | 0.42% | -0.86% | -0.17% | -1.48% | 1.21% |
| 2017 | 0.60% | 0.88% | -0.03% | 0.66% | 0.82% | 0.18% | 0.65% | 0.15% | 0.37% | 0.34% | -0.20% | 0.27% | 4.80% |
| 2016 | -0.35% | 0.40% | 1.89% | 1.85% | 0.39% | 0.27% | 1.27% | 0.92% | 0.49% | -0.21% | -0.54% | 1.16% | 7.78% |
| 2015 | 0.27% | 1.36% | 0.19% | 0.63% | 0.53% | -0.44% | 0.13% | -0.58% | -0.89% | 1.44% | -0.63% | -0.68% | 1.31% |
| 2014 | 0.12% | 1.01% | 0.24% | 0.33% | 0.33% | 0.41% | -0.99% | 1.06% | -1.23% | 1.01% | -0.61% | -0.70% | 0.95% |
| 2013 | 0.66% | 0.25% | 0.73% | 0.98% | -0.62% | -1.51% | 1.55% | -0.11% | 0.82% | 1.35% | 0.63% | 0.43% | 5.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HYSZX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
PGIM Short Duration High Yield Income Fund provided a 6.69% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.54 | $0.49 | $0.45 | $0.45 | $0.50 | $0.51 | $0.51 | $0.56 | $0.60 | $0.59 | $0.60 |
Dividend yield | 6.69% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.00 | $0.45 | |
| 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 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
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.
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 0.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.31% | Feb 7, 2020 | 32 | Mar 24, 2020 | 111 | Aug 31, 2020 | 143 |
| -8.95% | Jan 4, 2022 | 184 | Sep 27, 2022 | 210 | Jul 31, 2023 | 394 |
| -3.7% | May 10, 2013 | 32 | Jun 25, 2013 | 75 | Oct 10, 2013 | 107 |
| -3.55% | Jun 2, 2015 | 177 | Feb 11, 2016 | 33 | Mar 31, 2016 | 210 |
| -3.51% | Oct 3, 2018 | 58 | Dec 26, 2018 | 24 | Jan 31, 2019 | 82 |
Volatility
Volatility Chart
The current PGIM Short Duration High Yield Income Fund volatility is 0.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.