PGIM Short Duration Multi-Sector Bond Fund (SDMZX)
The fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. It invests, under normal circumstances, at least 80% of the fund's investable assets in fixed-income instruments with varying maturities. It may invest up to 50% of its total assets in asset-backed securities.
Fund Info
US74440B8431
74440B843
Dec 23, 2013
$0
Expense Ratio
SDMZX features an expense ratio of 0.46%, 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 Multi-Sector Bond 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 Multi-Sector Bond Fund had a return of 0.47% year-to-date (YTD) and 6.16% in the last 12 months. Over the past 10 years, PGIM Short Duration Multi-Sector Bond Fund had an annualized return of 2.57%, while the S&P 500 had an annualized return of 11.26%, indicating that PGIM Short Duration Multi-Sector Bond Fund did not perform as well as the benchmark.
SDMZX
0.47%
0.36%
2.31%
6.16%
2.15%
2.57%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SDMZX, 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 | 0.59% | 0.47% | |||||||||||
| 2024 | 0.83% | -0.21% | 0.62% | -0.33% | 0.88% | 0.52% | 1.22% | 0.89% | 1.03% | -0.42% | 0.46% | 0.31% | 5.93% |
| 2023 | 1.54% | -0.70% | 0.65% | 0.65% | -0.16% | 0.20% | 0.92% | 0.45% | 0.08% | 0.14% | 1.76% | 1.59% | 7.33% |
| 2022 | -0.97% | -1.21% | -0.89% | -1.22% | 0.12% | -1.68% | 0.94% | -0.28% | -1.99% | 0.10% | 1.16% | 0.55% | -5.30% |
| 2021 | 0.03% | -0.41% | -0.51% | 0.52% | 0.34% | 0.21% | 0.32% | 0.01% | -0.22% | -0.32% | -0.22% | 0.31% | 0.05% |
| 2020 | 1.02% | 0.26% | -5.80% | 1.93% | 2.02% | 1.13% | 1.31% | 0.25% | 0.03% | -0.06% | 1.50% | 0.56% | 3.97% |
| 2019 | 1.16% | 0.18% | 1.04% | 0.39% | 0.73% | 0.89% | 0.20% | 0.72% | 0.18% | 0.28% | 0.19% | -0.78% | 5.27% |
| 2018 | 0.02% | -0.30% | 0.25% | -0.07% | 0.05% | 0.07% | 0.25% | 0.29% | -0.08% | -0.01% | 0.18% | 0.31% | 0.97% |
| 2017 | 0.64% | 0.53% | 0.26% | 0.41% | 0.44% | 0.23% | 0.40% | 0.42% | 0.02% | 0.31% | -0.11% | 0.35% | 3.97% |
| 2016 | 0.42% | -0.18% | 1.19% | 0.87% | -0.08% | 0.97% | 0.97% | -0.07% | 0.15% | -0.09% | -0.92% | 0.53% | 3.80% |
| 2015 | 0.58% | 0.67% | -0.12% | 0.25% | 0.07% | -0.45% | 0.29% | -0.30% | -0.36% | 0.36% | -0.29% | -0.48% | 0.23% |
| 2014 | -0.01% | 0.31% | -0.06% | 0.39% | 0.59% | -0.07% | -0.09% | 0.50% | -0.40% | 0.48% | 0.35% | -0.41% | 1.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, SDMZX is among the top 4% 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 Multi-Sector Bond Fund (SDMZX) 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 Multi-Sector Bond Fund provided a 4.83% dividend yield over the last twelve months, with an annual payout of $0.43 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 | $0.43 | $0.43 | $0.38 | $0.36 | $0.28 | $0.30 | $0.36 | $0.33 | $0.26 | $0.27 | $0.31 | $0.34 |
Dividend yield | 4.83% | 4.85% | 4.35% | 4.22% | 3.01% | 3.10% | 3.69% | 3.49% | 2.64% | 2.79% | 3.30% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Short Duration Multi-Sector Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.38 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.36 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.28 |
| 2020 | $0.04 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.06 | $0.33 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 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 | $0.27 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.12 | $0.34 |
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 Multi-Sector Bond 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 Multi-Sector Bond Fund was 9.76%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current PGIM Short Duration Multi-Sector Bond Fund drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.76% | Mar 6, 2020 | 12 | Mar 23, 2020 | 91 | Jul 31, 2020 | 103 |
| -8.07% | Sep 3, 2021 | 285 | Oct 20, 2022 | 288 | Dec 13, 2023 | 573 |
| -1.47% | Jun 1, 2015 | 138 | Dec 14, 2015 | 73 | Mar 31, 2016 | 211 |
| -1.33% | Dec 12, 2019 | 5 | Dec 18, 2019 | 29 | Jan 31, 2020 | 34 |
| -1.24% | Feb 12, 2021 | 32 | Mar 30, 2021 | 50 | Jun 10, 2021 | 82 |
Volatility
Volatility Chart
The current PGIM Short Duration Multi-Sector Bond Fund volatility is 0.49%, 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.