PGIM Short Duration Muni Fund - Class Z (PDSZX)

Fund Assets	339.04M
Expense Ratio	0.334%
Min. Investment	$0.00
Turnover	65.00%
Dividend (ttm)	0.33
Dividend Yield	3.35%
Dividend Growth	7.85%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.74
YTD Return	-0.45%
1-Year Return	0.25%
5-Year Return	4.44%
52-Week Low	9.65
52-Week High	10.15
Beta (5Y)	0.06
Holdings	296
Inception Date	May 29, 2014

About PDSZX

PGIM Short Duration Muni Fund – Class Z is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is generally exempt from federal income taxes. The fund invests primarily in a diversified portfolio of municipal securities, committing at least 80% of investable assets to bonds issued by state and local governments and related entities. A defining feature is its emphasis on shorter interest-rate exposure, targeting a weighted average duration of roughly four years or less to help moderate sensitivity to rate changes. The strategy spans the national municipal market, allocating across sectors such as general obligation, revenue, and essential-service bonds, and typically holds a broad number of positions to diversify issuer and sector risks. Managed by PGIM, the investment approach aims to balance tax-advantaged income with prudent duration management, offering monthly distributions and a cost structure competitive for its share class. Established in 2014, the fund serves investors seeking federally tax-exempt income with lower interest rate risk relative to longer-duration municipal strategies.

• Fund Family: PGIM
• Category: Muni National Short
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: PDSZX
• Share Class: Class Z
• Index: Bloomberg 1-8 Year Municipal TR USD

Performance

PDSZX had a total return of 0.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.89%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PDSQX	Class R6	0.29%
PDSAX	Class A	0.60%
PDSCX	Class C	1.60%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02742	Sep 30, 2026
Aug 31, 2026	$0.02829	Aug 31, 2026
Jul 31, 2026	$0.02794	Jul 31, 2026
Jun 30, 2026	$0.02741	Jun 30, 2026
May 29, 2026	$0.02814	May 29, 2026
Apr 30, 2026	$0.02714	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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