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
ISIN | US7443368193 |
---|---|
CUSIP | 744336819 |
Issuer | PGIM Investments |
Inception Date | May 28, 2014 |
Category | Municipal Bonds |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
PDSZX has a high expense ratio of 0.32%, indicating higher-than-average management fees.
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 0.37% year-to-date (YTD) and 3.83% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.37% | 11.05% |
1 month | 0.52% | 4.86% |
6 months | 3.11% | 17.50% |
1 year | 3.83% | 27.37% |
5 years (annualized) | 0.77% | 13.14% |
10 years (annualized) | N/A | 10.90% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.08% | 0.31% | 0.12% | -0.49% | 0.37% | ||||||||
2023 | 1.74% | -1.36% | 1.43% | -0.22% | -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% | 1.14% | -0.40% | 1.45% | -1.29% | -2.23% | -0.27% | 2.16% | 0.28% | -5.94% |
2021 | 0.41% | -1.03% | 0.50% | 0.49% | 0.10% | 0.00% | 0.66% | -0.10% | -0.49% | -0.40% | 0.27% | 0.08% | 0.47% |
2020 | 1.42% | 0.73% | -4.54% | -1.29% | 2.41% | 1.36% | 1.44% | -0.11% | 0.26% | -0.04% | 0.82% | 0.52% | 2.84% |
2019 | 0.71% | 0.58% | 0.99% | 0.20% | 1.00% | 0.47% | 0.39% | 0.77% | -0.67% | 0.00% | 0.10% | 0.10% | 4.75% |
2018 | -0.29% | -0.22% | 0.21% | -0.11% | 0.80% | 0.20% | 0.29% | 0.12% | -0.41% | -0.39% | 0.51% | 0.59% | 1.31% |
2017 | 0.61% | 0.68% | 0.31% | 0.78% | 0.98% | 0.00% | 0.58% | 0.78% | -0.20% | 0.29% | -0.30% | 0.49% | 5.11% |
2016 | 0.98% | 0.28% | 0.29% | 0.59% | 0.19% | 1.16% | 0.19% | 0.09% | -0.19% | -0.60% | -3.21% | 0.21% | -0.09% |
2015 | 1.48% | -0.61% | 0.30% | -0.09% | -0.19% | -0.20% | 0.51% | -0.01% | 0.60% | 0.59% | 0.09% | 0.45% | 2.95% |
2014 | 0.00% | -0.20% | -0.20% | 1.10% | 0.39% | 0.63% | 0.14% | 0.50% | 2.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PDSZX is 58, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PDSZX (PGIM Short Duration Muni Fund)
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 granted a 2.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.25 | $0.23 | $0.14 | $0.12 | $0.21 | $0.13 | $0.24 | $0.23 | $0.24 | $0.24 | $0.13 |
Dividend yield | 2.51% | 2.36% | 1.44% | 1.14% | 2.01% | 1.21% | 2.39% | 2.28% | 2.37% | 2.40% | 1.24% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 |
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 | $0.03 | $0.24 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 1.72%.
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 | — | — | — |
-4.36% | 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 |
-1.18% | Feb 3, 2015 | 89 | Jun 10, 2015 | 76 | Sep 28, 2015 | 165 |
Volatility
Volatility Chart
The current PGIM Short Duration Muni Fund volatility is 0.46%, 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.