SDMCX

About SDMCX

PGIM Short Duration Multi-Sector Bond Fund is an actively managed open‑end mutual fund focused on generating total return through a diversified mix of fixed income securities with a short interest‑rate profile. The strategy allocates across multiple bond sectors—including U.S. Treasuries and government‑related debt, investment‑grade corporates, securitized assets such as mortgage‑ and asset‑backed securities, and selectively high yield and emerging markets—allowing the portfolio team to source income from varied credit and structure types while managing duration near two years. The fund’s short duration aims to limit interest‑rate sensitivity relative to broader core bonds, while its multi‑sector remit provides latitude to adjust exposures as opportunities shift across credit cycles. Portfolio characteristics often feature a high share of AAA and AA rated holdings alongside meaningful allocations to ABS, CMBS, and non‑agency MBS, reflecting an emphasis on securitized credit for diversification and income. The vehicle distributes income monthly and positions as a short‑term bond category offering that balances credit diversification with conservative interest‑rate risk management, serving as a potential core short‑duration building block within fixed income allocations.