PGIM Short Duration High Yield Opportunities Fund (SDHY)

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PGIM Short Duration High Yield Opportunities Fund (SDHY) is up 2.1% since the beginning of the year. SDHY is currently trading at $16 per share. Investors who bought $1,000 worth of SDHY shares 5 years ago would now be looking at an investment worth $1,243.

PGIM Short Duration High Yield Opportunities Fund (SDHY) has returned 2.13% so far this year and 5.21% over the past 12 months.

Based on dividend-adjusted daily data since Nov 25, 2020, SDHY'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, 51% of months were positive and 49% were negative. The best month was Jun 2021 with a return of +7.8%, while the worst month was Jun 2022 at -5.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SDHY closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Apr 4, 2025 at -4.1%.

PGIM Short Duration High Yield Opportunities Fund has an annualized alpha of -0.09%, beta of 0.34, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since November 25, 2020.

• This fund participated in 53.73% of S&P 500 Index downside but only 35.80% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.34 may look defensive, but with R2 of 0.26 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 0.26 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.

SDHY has an expense ratio of 0.70%, placing it in the medium range.

SDHY ranks 14 for risk / return — above 14% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

PGIM Short Duration High Yield Opportunities Fund provided a 8.03% dividend yield over the last twelve months, with an annual payout of $1.30 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for PGIM Short Duration High Yield Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the PGIM Short Duration High Yield Opportunities 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 Opportunities Fund was 22.65%, occurring on Oct 14, 2022. Recovery took 438 trading sessions.

The current PGIM Short Duration High Yield Opportunities Fund drawdown is 0.86%.

The chart below shows the rolling one-month volatility.