PGIM Short Duration Muni Fund (PDSZX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in PGIM Short Duration Muni Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

PGIM Short Duration Muni Fund (PDSZX) has returned -0.07% so far this year and 3.77% over the past 12 months. Over the last ten years, PDSZX has returned 1.83% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 2015, PDSZX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, your investment would double in approximately 34.0 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +3.1%, while the worst month was Mar 2020 at -4.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PDSZX closed higher 27% of trading days. The best single day was Mar 25, 2020 with a return of +2.5%, while the worst single day was Mar 19, 2020 at -2.4%.

PGIM Short Duration Muni Fund has an annualized alpha of 1.94%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.70%) than losses (7.73%) — typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PDSZX has an expense ratio of 0.32%, placing it in the medium range.

PDSZX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for PGIM Short Duration Muni Fund (PDSZX) and compare them to a chosen benchmark (S&P 500 Index).

PGIM Short Duration Muni Fund provided a 2.90% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for PGIM Short Duration Muni Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PGIM Short Duration Muni Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PGIM Short Duration Muni Fund was 10.14%, occurring on Mar 20, 2020. Recovery took 182 trading sessions.

The current PGIM Short Duration Muni Fund drawdown is 1.77%.

The chart below shows the rolling one-month volatility.