PGIM Short Duration Muni Fund (PDSZX)
The investment seeks a high level of current income exempt from federal income taxes. The fund seeks to achieve its investment objective by investing, under normal conditions, at least 80% of its investable assets in municipal bonds that pay interest which is exempt from regular federal personal income tax. It seeks to maintain a weighted average portfolio duration of approximately four years or less.
Fund Info
US7443368193
744336819
May 28, 2014
$0
Expense Ratio
PDSZX features an expense ratio of 0.32%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
PGIM Short Duration Muni Fund had a return of 0.77% year-to-date (YTD) and 3.59% in the last 12 months. Over the past 10 years, PGIM Short Duration Muni Fund had an annualized return of 1.96%, while the S&P 500 had an annualized return of 11.31%, indicating that PGIM Short Duration Muni Fund did not perform as well as the benchmark.
PDSZX
0.77%
0.87%
1.29%
3.59%
0.74%
1.96%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PDSZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.57% | 0.77% | |||||||||||
| 2024 | -0.08% | 0.31% | 0.12% | -0.50% | -0.07% | 1.04% | 0.74% | 0.85% | 0.63% | -0.76% | 0.75% | -0.44% | 2.61% |
| 2023 | 1.74% | -1.35% | 1.44% | -0.21% | -0.62% | 0.82% | 0.40% | -0.41% | -1.14% | -0.20% | 3.05% | 1.36% | 4.87% |
| 2022 | -2.31% | -0.41% | -2.37% | -1.72% | 1.13% | -0.41% | 1.46% | -1.28% | -2.24% | -0.27% | 2.15% | 0.28% | -5.95% |
| 2021 | 0.41% | -1.03% | 0.50% | 0.49% | 0.10% | -0.00% | 0.66% | -0.10% | -0.48% | -0.39% | 0.27% | 0.09% | 0.49% |
| 2020 | 1.42% | 0.73% | -4.54% | -1.28% | 2.41% | 1.36% | 1.45% | -0.11% | 0.26% | -0.04% | 0.82% | 0.52% | 2.84% |
| 2019 | 0.71% | 0.58% | 0.99% | 0.21% | 1.00% | 0.48% | 0.59% | 0.98% | -0.50% | 0.18% | 0.28% | 0.27% | 5.91% |
| 2018 | -0.29% | -0.22% | 0.21% | -0.11% | 0.80% | 0.20% | 0.30% | 0.12% | -0.41% | -0.39% | 0.51% | 0.59% | 1.29% |
| 2017 | 0.61% | 0.68% | 0.31% | 0.78% | 0.98% | -0.00% | 0.58% | 0.79% | -0.20% | 0.28% | -0.30% | 0.49% | 5.12% |
| 2016 | 0.99% | 0.28% | 0.29% | 0.59% | 0.18% | 1.16% | 0.19% | 0.09% | -0.19% | -0.60% | -3.21% | 0.21% | -0.09% |
| 2015 | 1.48% | -0.61% | 0.29% | -0.09% | -0.19% | -0.20% | 0.51% | -0.01% | 0.60% | 0.59% | 0.09% | 0.39% | 2.90% |
| 2014 | 0.00% | -0.20% | -0.20% | 1.10% | 0.39% | 0.63% | 0.10% | 0.50% | 2.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, PDSZX is among the top 17% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Short Duration Muni Fund (PDSZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Short Duration Muni Fund provided a 2.81% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.23 | $0.14 | $0.12 | $0.21 | $0.24 | $0.24 | $0.23 | $0.24 | $0.24 | $0.12 |
Dividend yield | 2.81% | 2.78% | 2.36% | 1.44% | 1.16% | 2.01% | 2.30% | 2.37% | 2.29% | 2.37% | 2.35% | 1.20% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.14% | Mar 10, 2020 | 9 | Mar 20, 2020 | 182 | Dec 8, 2020 | 191 |
| -9.08% | Aug 6, 2021 | 311 | Oct 28, 2022 | 442 | Aug 5, 2024 | 753 |
| -4.37% | Sep 2, 2016 | 63 | Dec 1, 2016 | 165 | Jul 31, 2017 | 228 |
| -1.33% | Feb 16, 2021 | 8 | Feb 25, 2021 | 72 | Jun 9, 2021 | 80 |
| -1.2% | Dec 11, 2024 | 11 | Dec 26, 2024 | 26 | Feb 5, 2025 | 37 |
Volatility
Volatility Chart
The current PGIM Short Duration Muni Fund volatility is 0.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.