PGIM Short Duration Multi-Sector Bond Fund - Class Z (SDMZX)
| Fund Assets | 7.51B |
| Expense Ratio | 0.39% |
| Min. Investment | $1,000 |
| Turnover | 104.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 4.26% |
| Dividend Growth | -3.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 9.00 |
| YTD Return | 0.11% |
| 1-Year Return | 5.68% |
| 5-Year Return | 14.34% |
| 52-Week Low | 8.50 |
| 52-Week High | 9.00 |
| Beta (5Y) | n/a |
| Holdings | 1757 |
| Inception Date | Dec 23, 2013 |
About SDMZX
PGIM Short Duration Multi-Sector Bond Fund Class Z is an actively managed mutual fund focused on generating total return from a diversified mix of fixed income sectors while maintaining a short interest-rate profile. The strategy allocates across US government and agency securities, investment-grade and high-yield corporates, securitized assets, and tactically uses currency forwards and other derivatives to manage risk and enhance efficiency. It targets a limited duration profile—around two years—to help reduce sensitivity to rate moves relative to core bond funds, while accepting modestly higher credit and sector risk for incremental income. Class Z is an institutional share class with a below-average distribution fee level and a competitive net expense ratio, and the fund distributes income monthly. The portfolio has included sizable allocations to US Treasury notes alongside mortgage-backed and other securitized holdings, reflecting a balance between liquidity, credit selection, and short-term rate management. With multi-sector flexibility and short duration, the fund’s role in the market is to provide a defensive, income-oriented fixed income option that aims to navigate varying rate environments without relying on a single bond segment.
Performance
SDMZX had a total return of 5.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.72%.
Top 10 Holdings
29.38% of assets| Name | Symbol | Weight |
|---|---|---|
| Fwd: Tnote 3.625 31-Aug-2027 91282cnv9 - Underlier | n/a | 4.47% |
| Usd/Eur Fwd 20260122 Deutgb22 | n/a | 4.08% |
| United States Treasury Notes 2.25% | T.2.25 02.15.27 | 3.17% |
| Usd/Eur Fwd 20260122 0997 | n/a | 3.10% |
| Usd/Eur Fwd 20260122 221 | n/a | 3.09% |
| United States Treasury Notes 4.375% | T.4.375 12.15.26 | 2.83% |
| United States Treasury Notes 0.5% | T.0.5 04.30.27 | 2.72% |
| United States Treasury Notes 4.125% | T.4.125 02.28.27 | 2.23% |
| PGIM AAA CLO ETF | PAAA | 1.95% |
| United States Treasury Notes 1.25% | T.1.25 11.30.26 | 1.74% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.03663 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03426 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0357 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03503 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03541 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03511 | Jul 31, 2025 |