About SDMQX
PGIM Short Duration Multi-Sector Bond Fund Class R6 is an actively managed open‑end mutual fund focused on U.S. dollar fixed income with a targeted short **duration** profile. Its primary objective is total return, achieved by investing across multiple bond sectors while maintaining a weighted average portfolio duration generally around two years to limit interest rate sensitivity. The strategy allocates dynamically among **Treasuries**, investment‑grade corporates, securitized credit such as **ABS**, **MBS**, and **CMBS**, as well as selective high yield, bank loans, and emerging markets debt, aiming to diversify sources of income and credit risk. The fund’s portfolio skews toward higher‑quality tiers with substantial **AAA** and **AA** exposure, complemented by measured allocations to lower ratings to enhance carry. Short‑maturity construction and broad sector reach position it as a core short‑term bond holding for institutional platforms and retirement plans, seeking a balance of income, liquidity, and capital preservation versus longer‑duration bond funds. PGIM’s published metrics indicate a duration near 1.9 years and an average maturity around four years, reflecting disciplined risk management within the short‑term bond category.
Fund Family PGIM Investments
Category Short-Term Bond
Stock Exchange NASDAQ
Ticker Symbol SDMQX
Share Class Class R6
Index Bloomberg 1-3 Y Government/Credit TR
SDMQX had a total return of 3.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.67%.
