PGIM Securitized Credit Fund (SCFZX)
The investment seeks to maximize total return, through a combination of current income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its investable assets in securitized credit investments and other similar credit instruments, including derivative instruments that provide exposure to securitized credit investments and other similar credit instruments. It may invest in investment-grade and non-investment grade debt securities. The fund is non-diversified.
Fund Info
| ISIN | US74441F8766 |
|---|---|
| Issuer | PGIM Funds (Prudential) |
| Inception Date | Jun 30, 2019 |
| Category | Nontraditional Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
SCFZX features an expense ratio of 0.65%, 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 Securitized Credit 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 Securitized Credit Fund had a return of 6.59% year-to-date (YTD) and 9.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.59% | 19.79% |
| 1 month | 0.69% | 2.08% |
| 6 months | 4.01% | 9.01% |
| 1 year | 9.60% | 29.79% |
| 5 years (annualized) | 4.26% | 13.85% |
| 10 years (annualized) | N/A | 11.12% |
Monthly Returns
The table below presents the monthly returns of SCFZX, 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 | 1.74% | 0.52% | 0.87% | 0.62% | 0.86% | 0.54% | 0.68% | 0.59% | 6.59% | ||||
| 2023 | 1.72% | 0.82% | -0.60% | 0.85% | 0.69% | 0.99% | 1.21% | 0.79% | 0.68% | 0.40% | 1.03% | 0.90% | 9.89% |
| 2022 | 0.33% | -0.81% | -0.29% | -0.17% | -1.19% | -1.08% | 0.86% | 1.12% | -1.17% | -0.31% | 0.79% | 0.95% | -1.00% |
| 2021 | 1.16% | 1.45% | 0.22% | 0.72% | 0.42% | 0.24% | 0.42% | 0.24% | 0.33% | 0.02% | -0.07% | 0.24% | 5.52% |
| 2020 | 0.41% | -0.06% | -13.79% | 3.05% | 3.45% | 3.05% | 1.14% | 1.09% | 0.61% | -0.19% | 1.30% | 0.85% | -0.33% |
| 2019 | 0.35% | 0.01% | 0.41% | 0.14% | 0.28% | 0.53% | 1.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SCFZX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Securitized Credit Fund (SCFZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Securitized Credit Fund granted a 6.68% dividend yield in the last twelve months. The annual payout for that period amounted to $0.65 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.64 | $0.45 | $0.27 | $0.29 | $0.24 |
Dividend yield | 6.68% | 6.68% | 4.82% | 2.80% | 3.07% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Securitized Credit 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 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.00 | $0.42 | |||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.64 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.12 | $0.45 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.04 | $0.24 |
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 Securitized Credit 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 Securitized Credit Fund was 17.21%, occurring on Mar 25, 2020. Recovery took 214 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.21% | Feb 24, 2020 | 23 | Mar 25, 2020 | 214 | Jan 29, 2021 | 237 |
| -3.8% | Feb 3, 2022 | 111 | Jul 14, 2022 | 138 | Jan 31, 2023 | 249 |
| -1.17% | Mar 13, 2023 | 5 | Mar 17, 2023 | 29 | Apr 28, 2023 | 34 |
| -0.35% | Jul 31, 2019 | 9 | Aug 12, 2019 | 17 | Sep 5, 2019 | 26 |
| -0.32% | Feb 14, 2023 | 9 | Feb 27, 2023 | 1 | Feb 28, 2023 | 10 |
Volatility
Volatility Chart
The current PGIM Securitized Credit Fund volatility is 0.72%, 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.