PGIM Short Duration Muni Fund (PDSAX)
| Fund Assets | 246.32M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000 |
| Turnover | 79.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.68% |
| Dividend Growth | 16.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.04 |
| YTD Return | 1.97% |
| 1-Year Return | 2.35% |
| 5-Year Return | 2.77% |
| 52-Week Low | 9.70 |
| 52-Week High | 10.07 |
| Beta (5Y) | 0.14 |
| Holdings | 232 |
| Inception Date | May 29, 2014 |
About PDSAX
PGIM Short Duration Muni Fund - Class A is a municipal bond mutual fund designed to deliver federally tax-exempt income through a carefully managed portfolio of short-duration municipal securities. Its principal objective is to maximize income eligible for exclusion from federal taxes, making it particularly suitable for investors seeking tax-efficient cash flow. The fund invests at least 80% of its assets in municipal bonds issued by state and local governments to finance public projects such as schools, highways, and infrastructure. By maintaining a portfolio with a weighted average duration of 4.5 years or less, it aims to minimize interest rate risk while still capturing income opportunities in the municipal market. Featuring monthly income distributions, the fund stands out for its stability and consistent income, which appeals to those looking to preserve capital and reduce sensitivity to interest rate fluctuations. With more than 200 holdings and active management by PGIM Fixed Income’s seasoned municipal bond team, the fund plays an important role in offering diversification, predictable income, and lower volatility in the broader fixed income landscape.
Performance
PDSAX had a total return of 2.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.61%.
Top 10 Holdings
13.60% of assets| Name | Symbol | Weight |
|---|---|---|
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% | TN.TNSUTL 11.01.2049 | 1.98% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 3.5% | MS.MSSDEV 11.01.2035 | 1.80% |
| Prudential Govt Money Mkt Fd | n/a | 1.47% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 3.5% | MS.MSSDEV 11.01.2035 | 1.47% |
| COLORADO HEALTH FACS AUTH REV 3.75% | CO.COSMED 05.15.2064 | 1.46% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 1.21% |
| UTAH CNTY UTAH HOSP REV 5% | UT.UTSMED 5 05.15.2043 | 1.15% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | NY.NYCGEN 5 08.01.2038 | 1.04% |
| ORANGE CNTY FLA HEALTH FACS AUTH REV 5% | FL.ORAMED 5 10.01.2025 | 1.02% |
| ARIZONA HEALTH FACS AUTH REV 2.87% | AZ.AZSMED 01.01.2037 | 1.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02326 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02438 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02406 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02299 | Jun 30, 2025 |
| May 30, 2025 | $0.02319 | May 30, 2025 |
| Apr 30, 2025 | $0.02276 | Apr 30, 2025 |