PGIM Short Duration Multi-Sector Bond Z (SDMZX)
| Fund Assets | 6.95B |
| Expense Ratio | 0.39% |
| Min. Investment | $0.00 |
| Turnover | 80.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 5.18% |
| Dividend Growth | 17.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.00 |
| YTD Return | 2.23% |
| 1-Year Return | 3.06% |
| 5-Year Return | 10.92% |
| 52-Week Low | 8.82 |
| 52-Week High | 9.01 |
| Beta (5Y) | n/a |
| Holdings | 1624 |
| 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 3.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.63%.
Top 10 Holdings
27.76% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 2.25% | T.2.25 02.15.27 | 3.40% |
| United States Treasury Notes 0.75% | T.0.75 05.31.26 | 3.26% |
| United States Treasury Notes 4.375% | T.4.375 12.15.26 | 3.06% |
| Usd/Eur Fwd 20251022 0997 | n/a | 2.93% |
| Usd/Eur Fwd 20251022 Barcus33 | n/a | 2.92% |
| United States Treasury Notes 0.5% | T.0.5 04.30.27 | 2.89% |
| Usd/Eur Fwd 20251022 221 | n/a | 2.87% |
| United States Treasury Notes 4.125% | T.4.125 02.28.27 | 2.40% |
| Usd/Eur Fwd 20251022 Deutgb22 | n/a | 2.18% |
| United States Treasury Notes 1.25% | T.1.25 11.30.26 | 1.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03541 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03511 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03476 | Jun 30, 2025 |
| May 30, 2025 | $0.03504 | May 30, 2025 |
| Apr 30, 2025 | $0.03408 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03298 | Mar 31, 2025 |