SDHY - PGIM Short Duration High Yield Opportunities Fund
A closed-end fund run by PGIM. Invests in high-yield bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Not right now - 1607 Capital was in this fund until Aug 14, 2026 and has since sold down.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
1607 Capital owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.
Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.
What happened, and when
-
Aug 14, 2026
1607 Capital sold down below 5% and stopped reporting.
Original document → -
April 8, 2026
The fund sent holders a document about a possible reorganization; we could not read the details automatically.
Original document → -
Feb 13, 2026
1607 Capital cut its stake to 7% (from 7.9%), as a passive investor.
Original document → -
March 13, 2025
The fund sent holders a document about a possible reorganization; we could not read the details automatically.
Original document → -
Feb 13, 2025
1607 Capital raised its stake to 7.9% (from 3.7%), as a passive investor.
Original document →
Show all 8 events
-
Nov 14, 2024
1607 Capital sold down below 5% and stopped reporting.
Original document → -
Oct 3, 2024
Sit Investment sold down below 5% and stopped reporting.
Original document → -
Feb 8, 2024
1607 Capital now owns 6.2%, as a passive investor.
Original document →
About this fund
- Run by PGIM Investments LLC. As of July 31, 2025, from the fund's yearly report. Original document →
- Size: about $431 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund does not borrow. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 1.2% a year in management fees; 2.5% a year in total, including interest on borrowed money. Fiscal year ended July 31, 2025. As of July 31, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended July 31, 2025) the fund paid $1.26 a share. $0.87 of that was income; $0.39 was your own money back, not income. As of July 31, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (July 31, 2025): $17.81. The shares traded at $16.69, about 6.3% below that. As of July 31, 2025, from the fund's yearly report. Original document →
- How the holdings did: down 0.4% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +9.1%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- How the share price did: the shares returned +16.6% over the last fiscal year (ended July 31, 2025), counting payouts and the change in the market price. As of July 31, 2025, from the fund's annual report. Original document →
- First reported to the regulator in 2020.
What the fund holds
Mostly bonds (86%), the rest loans, cash and short-term holdings and shares. About 87% issued in the U.S.
- Cash and short-term - 1.6%
- Radiate Holdco LLC - 1.1%
- Acrisure Term Loan B 325 2032-05-31 - 1%
- Davita, Dva 4.625 06/01/30 144A - 1%
- Vistra Operations Company LLC, Vst 5 07/31/27 144A - 0.9%
- Tenet Healthcare, Thc 4.375 01/15/30 - 0.9%
- Caesars Entertainment, Czr 4.625 10/15/29 144A - 0.8%
- Mgm Resorts International, Mgm 4.625 09/01/26 - 0.8%
- Derivatives - 0.8%
- Dish DBS, Dish 7.75 07/01/26 - 0.7%
Show all 25
- Carvana Company, Cvna 9 06/01/30 144A - 0.7%
- Trident TPI Holdings - 0.7%
- Sv Rno Property Owner 1 LLC, Tractc 5.875 03/01/31 144A - 0.7%
- Vistra Operations Company LLC, Vst 4.375 05/01/29 144A - 0.6%
- Heritage Pwr LLC - 0.6%
- McAfee Term Loan B 300 2029-03-01 - 0.6%
- Venture Global Lng, Venlng 9.5 02/01/29 144A - 0.6%
- Beazer Homes USA, Bzh 5.875 10/15/27 - 0.6%
- Coreweave, Crwv 9.25 06/01/30 144A - 0.6%
- Iliad Holding Sas, Iliadh 7 10/15/28 144A - 0.6%
- Wynn Macau, Wynmac 5.5 10/01/27 144A - 0.6%
- Tenneco LLC, Teninc 8 11/17/28 144A - 0.6%
- Meridian Arc Holdco LLC, Meridi 6.25 04/30/31 144A - 0.5%
- 1011778 B.C. Ulc / New Red Finance, Bculc 4 10/15/30 144A - 0.5%
- Nrg Energy, Nrg 5.25 06/15/29 144A - 0.5%
As of April 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Aug 14, 2026 | 1607 Capital | 4% | Sold down below 5% |
| Feb 13, 2026 | 1607 Capital | 7% | Updated notice |
| Feb 13, 2025 | 1607 Capital | 7.9% | Passive investor |
| Nov 14, 2024 | 1607 Capital | 3.7% | Sold down below 5% |
| Oct 3, 2024 | Sit Investment | 1.6% | Sold down below 5% |
| Feb 8, 2024 | 1607 Capital | 6.2% | Updated notice |
| Date | What | Deadline | Document |
|---|---|---|---|
| April 8, 2026 | Plan to fold the fund into another fund | June 17, 2026 | Original document → |
| March 13, 2025 | Plan to fold the fund into another fund | May 21, 2025 | Original document → |
- Run by
- PGIM Investments LLC
- Fund family
- PRUDENTIAL
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-23574
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- July 31, 2025
- Number of holdings
- 590
- Preferred share classes
- none
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