PGIM Short Duration Multi-Sector Bond Fund - Class Z (SDMZX)
| Fund Assets | 7.72B |
| Expense Ratio | 0.39% |
| Min. Investment | $1,000 |
| Turnover | 104.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 4.67% |
| Dividend Growth | -4.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 8.93 |
| YTD Return | 0.73% |
| 1-Year Return | 5.24% |
| 5-Year Return | 14.65% |
| 52-Week Low | 8.87 |
| 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 5.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.87%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03455 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03462 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03236 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03328 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03663 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03426 | Nov 28, 2025 |