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PGIM Short Duration Muni Z PDSZX

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Morningstar’s Analysis

Will PDSZX outperform in future?

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No Changes to PGIM Short Duration Muni's Ratings After Firm Appoints a New Head of Municipal Bonds

Analyst Note

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Jason Appleson's appointment as head of municipal bonds, effective Jan. 1, 2022, is significant, but it does not change PGIM Short Duration Muni's Average People and Process Pillar ratings. As the dust settles from announcement of veteran muni manager Susan Courtney's pending retirement on Dec. 31, 2021, the strategy continues to earn Morningstar Analyst Ratings that range from Neutral to Negative across its share classes.

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