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PGIM Short Duration Multi-Sector Bond Z (SDMZX)

8.82
-0.01
(-0.11%)
At close: April 11 at 8:02:12 PM EDT

Fund Summary

The fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. It invests, under normal circumstances, at least 80% of the fund's investable assets in fixed income instruments with varying maturities. It may invest up to 50% of its investable assets in asset-backed securities.

PGIM Short Duration Multi-Sector Bond Z

Newark, NJ 07102
100 Mulberry Street

Fund Overview

Category Short-Term Bond
Fund Family PGIM Investments
Net Assets 6.28B
YTD Return 1.58%
Yield 4.85%
Morningstar Rating
Inception Date Dec 23, 2013

Fund Operations

Last Dividend 0.10
Last Cap Gain -5.00
Holdings Turnover 80.00%
Average for Category --

Fees & Expenses

Expense SDMZX Category Average
Annual Report Expense Ratio (net) 0.39% 0.68%
Prospectus Net Expense Ratio 0.39% --
Prospectus Gross Expense Ratio 0.45% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.12%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Richard Piccirillo is a Managing Director and senior portfolio manager for PGIM Fixed Income’s Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. Mr. Piccirillo had specialized in mortgage-and asset-backed securities since joining the Firm in 1993. Before joining the Firm, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as a financial analyst at Smith Barney. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University. Mr. Piccirillo was named a 2019 winner of the Pension and Investment Provider Award for Global Multi-Asset Credit.

Morningstar Style Box

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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