About HYSZX
PGIM Short Duration High Yield Income Fund - Class Z is a mutual fund designed to deliver a high level of current income through investments primarily in higher-rated, below investment-grade fixed income instruments. It maintains a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less, emphasizing short-term high yield bonds to balance income generation with interest rate sensitivity. The fund allocates at least 80% of its investable assets to a diversified portfolio of high yield securities, with significant exposure to sectors such as gaming and lodging, building materials, finance companies, technology, and health care. Credit quality focuses on BB and B rated bonds, alongside some investment-grade holdings, predominantly in the United States with minor international diversification in Canada, the United Kingdom, and other regions. Dividends accrue daily and pay out monthly, with capital gains distributed annually. As an institutional share class, PGIM Short Duration High Yield Income Fund - Class Z serves investors seeking enhanced income from non-investment grade debt while prioritizing shorter durations for reduced volatility in the high yield bond market.
Fund Family PGIM
Category High Yield Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol HYSZX
Share Class Class Z
Index BBG US High Yield Ba/B 1% Cap 1-5 Year USD
HYSZX had a total return of 4.62% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.50%.
