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PGIM Short Duration High Yield Income Z (HYSZX)

8.10 -0.01 (-0.12%)
At close: 8:06:24 AM EST

Fund Summary

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.

PGIM Short Duration High Yield Income Z

Newark, NJ 07102
100 Mulberry Street,Gateway Center Three

Fund Overview

Category High Yield Bond
Fund Family PGIM
Net Assets 5.09B
YTD Return 0.42%
Yield 6.50%
Morningstar Rating
Inception Date Oct 27, 2014

Fund Operations

Last Dividend 0.39
Last Cap Gain -8.00
Holdings Turnover 61.00%
Average for Category --

Fees & Expenses

Expense HYSZX Category Average
Annual Report Expense Ratio (net)
0.75% 0.95%
Prospectus Net Expense Ratio
0.75% --
Prospectus Gross Expense Ratio
0.81% --
Max 12b1 Fee
-- --
Max Front End Sales Load
-- 3.88%
Max Deferred Sales Load
-- 1.28%
3 Yr Expense Projection
0 --
5 Yr Expense Projection
0 --
10 Yr Expense Projection
0 --

Management Information

Robert Cignarella, CFA, is a Managing Director and Head of U.S. High Yield for PGIM Fixed Income. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the Firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago,

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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