Prudential Short Duration High Yield Fund Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC The fund is comanaged by Prudential Investment Management Inc It invests in the fixed income markets of the United States The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade Ba1 or lower by Moodys Investors Service Inc or BB or lower by Standard Poors Ratings Services It seeks to invest in securities across all maturities while attempting to maintain a weighted average portfolio duration of three years or less The fund employs fundamental analysis to make its investments It does not invest in municipal debt obligations asset backed securities or mortgage backed securities Prudential Short Duration High Yield Fund Inc was formed on April 30 2012 and is domiciled in the United States