PGIM Short Duration Multi-Sector Bond Fund - Class Z (SDMZX)

Fund Assets	8.24B
Expense Ratio	0.407%
Min. Investment	$1,000
Turnover	104.00%
Dividend (ttm)	0.42
Dividend Yield	4.77%
Dividend Growth	-11.18%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.74
YTD Return	0.67%
1-Year Return	1.75%
5-Year Return	14.31%
52-Week Low	8.74
52-Week High	9.05
Beta (5Y)	n/a
Holdings	1618
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.

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

Performance

SDMZX had a total return of 1.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.76%.

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%
SDMAX	Class A	0.62%
SDMCX	Class C	1.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03519	Sep 30, 2026
Aug 31, 2026	$0.03606	Aug 31, 2026
Jul 31, 2026	$0.035	Jul 31, 2026
Jun 30, 2026	$0.03308	Jun 30, 2026
May 29, 2026	$0.0359	May 29, 2026
Apr 30, 2026	$0.03455	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 21, 2026

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