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PGIM Short Duration Muni Z PDSZX

Analyst rating as of
NAV / 1-Day Return
10.49  /  0.00 %
Total Assets
301.4 Mil
Adj. Expense Ratio
0.320%
Expense Ratio
0.320%
Fee Level
Below Average
Longest Manager Tenure
6.97 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
1.75%
Effective Duration
3.76 years
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Morningstar’s Analysis

Will PDSZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Pending lead manager departure requires a wait-and-see approach.

Summary

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Head of municipals and lead manager Susan Courtney plans to retire at the end of 2021. This is a material loss for the strategy, supporting a downgrade of PGIM Short Duration Muni’s People and Process Pillars to Average from Above Average. This results in a Morningstar Analyst Rating downgrade to Neutral on three share classes, while the most expensive continues to earn a Negative.

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