SDMAX

About SDMAX

PGIM Short Duration Multi-Sector Bond Fund Class A is an actively managed open‑end mutual fund focused on generating total return from a diversified mix of fixed income sectors. The strategy concentrates on bonds with a short interest‑rate profile, seeking to keep overall portfolio duration near the lower end of the curve to moderate sensitivity to rate moves while maintaining flexibility across credit qualities and structures. The fund allocates dynamically among U.S. Treasuries, investment‑grade corporates, asset‑backed securities, mortgage‑backed securities, commercial mortgage‑backed securities, and select below‑investment‑grade and emerging markets credit, reflecting a multi‑sector approach to income and risk management. Its portfolio shows a significant weighting to higher‑quality tiers alongside measured allocations to high yield and structured credit, aiming to balance stability and spread opportunities within a short‑duration framework. Managed by PGIM Fixed Income, the vehicle pays distributions on a regular schedule and targets a blend of income and capital preservation over market cycles, serving investors who seek a core short‑term bond holding with broad sector exposure and professional credit selection within a constrained duration profile.