PGIM Short Duration Multi-Secto

Frequently Asked Questions About PSDM

What does PSDM invest in?

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. The fund invests, under normal circumstances, at least 80% of its investable assets in fixed income instruments with varying maturities.

What is the expense ratio of PSDM?

PGIM Short Duration Multi-Secto (PSDM) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is PSDM's dividend yield?

PSDM's trailing-twelve-month yield is 4.46%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PSDM?

Effective duration measures PSDM's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PSDM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PSDM?

PSDM's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PSDM?

Yield to maturity (YTM) is the total return you'd earn from PSDM if every bond in the portfolio is held to maturity at the current price. PSDM's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.