PGIM recently announced that Steven Kellner, a comanager on PGIM Short-Term Corporate Bond PIFZX, plans to retire in April 2022. Given the length of time until Kellner's retirement, the strength of the team that will remain on the strategy, and PGIM's impressive history of managing successions, we do not expect to make any changes to the strategy's Morningstar Analyst Ratings as a result. Its least expensive share classes carry Gold, Silver, and Bronze ratings, while its others are rated Neutral.
Will JDTRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JDTRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the JDTRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of JDTRX’s parent organization’s priorities and whether they’re in line with investors’ interests.