PDSQX

About PDSQX

PGIM Short Duration Muni Fund is an open-end municipal bond mutual fund focused on delivering income that is generally exempt from regular federal income taxes. The strategy invests at least 80% of assets in municipal bonds and seeks to keep the portfolio’s weighted average duration at approximately four years or less, targeting lower interest-rate sensitivity than longer-duration peers while maintaining tax-efficient income characteristics. The fund resides in the muni national short category and tracks outcomes against shorter-maturity municipal benchmarks, reflecting its emphasis on diversified exposure across states and sectors that finance public infrastructure and essential services. Managed by PGIM Fixed Income, the fund blends higher- and lower-quality municipal credits within a shorter-duration framework to balance income generation with risk control. It distributes income on a monthly basis and is offered across multiple share classes, including institutional options such as R6, with competitive expense structures relative to active municipal strategies. The fund’s role in the market is to provide a tax-advantaged, short-duration municipal allocation for investors seeking federally tax-exempt income with moderated duration risk compared with intermediate and long municipal bond funds.