PGIM Short Duration High Yield Opportunities Fund
PGIM Short Duration High Yield Opportunities Fund operates in various business sectors.
PGIM Short Duration High Yield Opportunities Fund (SDHY) - Net Assets
Latest net assets as of July 2024: $434.15 Million USD
Based on the latest financial reports, PGIM Short Duration High Yield Opportunities Fund (SDHY) has net assets worth $434.15 Million USD as of July 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($568.61 Million) and total liabilities ($134.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $434.15 Million |
| % of Total Assets | 76.35% |
| Annual Growth Rate | -4.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.09 |
PGIM Short Duration High Yield Opportunities Fund - Net Assets Trend (2021–2024)
This chart illustrates how PGIM Short Duration High Yield Opportunities Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PGIM Short Duration High Yield Opportunities Fund (2021–2024)
The table below shows the annual net assets of PGIM Short Duration High Yield Opportunities Fund from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $434.15 Million | +2.06% |
| 2023-07-31 | $425.40 Million | -1.32% |
| 2022-07-31 | $431.11 Million | -12.21% |
| 2021-07-31 | $491.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PGIM Short Duration High Yield Opportunities Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4283382100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $24.67K | 0.01% |
| Other Components | $478.56 Million | 110.23% |
| Total Equity | $434.15 Million | 100.00% |
PGIM Short Duration High Yield Opportunities Fund Competitors by Market Cap
The table below lists competitors of PGIM Short Duration High Yield Opportunities Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA GOLD INTL
BE:JI3
|
$159.56K |
|
Genesis Growth Tech Acquisition Corp.
PINK:GGAUF
|
$159.58K |
|
Az Quest Infra-Yield Ii Fundo De Investimento Em Participacoes Em Infraestrutura
SA:AZIN11
|
$159.62K |
|
COMPASS MINERALS
BE:CM8
|
$159.74K |
|
CENT.+EAST.EUR.FD DL-001
F:EEE
|
$159.28K |
|
BankFLORIDA Bancorp Inc.
OTCQX:BKFL
|
$158.82K |
|
Sydinv Formue Offensiv Udb A
CO:SYVFOUA
|
$158.80K |
|
ORIENTAL LAND
BE:OLL
|
$158.74K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PGIM Short Duration High Yield Opportunities Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 425,402,250 to 434,148,333, a change of 8,746,083 (2.1%).
- Net income of 40,722,364 contributed positively to equity growth.
- Dividend payments of 31,976,281 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $40.72 Million | +9.38% |
| Dividends Paid | $31.98 Million | -7.37% |
| Total Change | $- | 2.06% |
Book Value vs Market Value Analysis
This analysis compares PGIM Short Duration High Yield Opportunities Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.81x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-07-31 | $19.90 | $16.07 | x |
| 2022-07-31 | $17.39 | $16.07 | x |
| 2023-07-31 | $17.33 | $16.07 | x |
| 2024-07-31 | $17.70 | $16.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PGIM Short Duration High Yield Opportunities Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.22%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.31x
- Recent ROE (9.38%) is above the historical average (3.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -6.50% | 0.00% | -0.05x | 1.31x | $-71.12 Million |
| 2023 | 6.18% | 98.60% | 0.05x | 1.30x | $-16.27 Million |
| 2024 | 9.38% | 99.22% | 0.07x | 1.31x | $-2.69 Million |
Industry Comparison
This section compares PGIM Short Duration High Yield Opportunities Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PGIM Short Duration High Yield Opportunities Fund (SDHY) | $434.15 Million | -6.50% | 0.31x | $159.45K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |