Morningstar

PGIM Short Duration Multi-Sector Bond Fund- Class R6 SDMQX

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  • NAV / 1-Day Return $8.71  /  0.00
  • Fund Size $8.3B
  • Adjusted Expense Ratio 0.320%
  • Net Expense Ratio 0.320%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Large
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment —
  • Investment Status Open
  • TTM Yield 4.82%
  • Average Effective Duration 2.11 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SDMQX

Will SDMQX outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SDMQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SDMQX 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 SDMQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An excellent option for income-seeking short-term bond investors.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

PGIM Short Duration Multi-Sector Bond takes a flexible approach that relies on strong fundamental research and a robust risk-management infrastructure. Offered through a long-standing mutual fund and a newer exchange-traded fund, the strategy remains an attractive option for short-term bond investors willing to tolerate episodic volatility in exchange for higher income.

by Max Curtin
Rated on Published on

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Portfolio Holdings SDMQX

More SDMQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.875%

6.51 554M
Government

United States Treasury Notes 3.375%

5.77 491M
Government

United States Treasury Notes 3.5%

2.75 234M
Government

Usd/Eur Fwd 20261022 57918

2.56 218M
Derivative

Usd/Eur Fwd 20261022 0997

2.56 218M
Derivative

Usd/Eur Fwd 20261022 00651

2.19 186M
Derivative

PGIM AAA CLO ETF

2.06 175M
—

United States Treasury Notes 3.375%

1.82 155M
Government

United States Treasury Notes 4.125%

1.77 151M
Government

United States Treasury Notes 0.5%

1.68 143M
Government

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