PGIM Short Duration Multi-Sector Bond Fund - Class A (SDMAX)

Fund Assets	8.24B
Expense Ratio	0.602%
Min. Investment	$1,000
Turnover	104.00%
Dividend (ttm)	0.40
Dividend Yield	4.54%
Dividend Growth	-11.45%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.72
YTD Return	0.48%
1-Year Return	1.74%
5-Year Return	13.04%
52-Week Low	8.71
52-Week High	9.02
Beta (5Y)	0.12
Holdings	1524
Inception Date	Dec 23, 2013

About SDMAX

PGIM Short Duration Multi-Sector Bond Fund Class A is an actively managed open‑end mutual fund focused on generating total return from a diversified mix of fixed income sectors. The strategy concentrates on bonds with a short interest‑rate profile, seeking to keep overall portfolio duration near the lower end of the curve to moderate sensitivity to rate moves while maintaining flexibility across credit qualities and structures. The fund allocates dynamically among U.S. Treasuries, investment‑grade corporates, asset‑backed securities, mortgage‑backed securities, commercial mortgage‑backed securities, and select below‑investment‑grade and emerging markets credit, reflecting a multi‑sector approach to income and risk management. Its portfolio shows a significant weighting to higher‑quality tiers alongside measured allocations to high yield and structured credit, aiming to balance stability and spread opportunities within a short‑duration framework. Managed by PGIM Fixed Income, the vehicle pays distributions on a regular schedule and targets a blend of income and capital preservation over market cycles, serving investors who seek a core short‑term bond holding with broad sector exposure and professional credit selection within a constrained duration profile.

• Fund Family: PGIM
• Category: Short-Term Bond
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SDMAX
• Share Class: Class A
• Index: Bloomberg 1-3 Y Government/Credit TR

Performance

SDMAX had a total return of 1.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.49%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SDMQX	Class R6	0.32%
SDMZX	Class Z	0.39%
SDMCX	Class C	1.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03335	Sep 30, 2026
Aug 31, 2026	$0.03414	Aug 31, 2026
Jul 31, 2026	$0.03312	Jul 31, 2026
Jun 30, 2026	$0.03126	Jun 30, 2026
May 29, 2026	$0.03401	May 29, 2026
Apr 30, 2026	$0.0328	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 15, 2026

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