The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PDSZX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PDSZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PDSZX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Not afraid to search outside the box.
Max Curtin
Senior Analyst
Summary
PGIM Short Duration Muni’s tactical and opportunistic approach to bond structure is additive to this bottom-up-focused approach.