PSDM

PGIM Short Duration Multi-Sector Bond ETF

$51.41

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The PGIM Short Duration Multi-Sector Bond ETF seeks to provide current income by investing in a diversified portfolio of short-duration fixed income securities across multiple sectors.

Overview

ETF tracking PGIM Short Duration Multi-Sector Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2023-07-26

Market Cap $92.5M

Average Volume N/A

Dividend Yield 3.83%

52-Week Range $50.52 - $51.69

VWAP $51.43

Performance

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Investment Summary

📎 Investment Objective

The PGIM Short Duration Multi-Sector Bond ETF seeks to provide current income by investing in a diversified portfolio of short-duration fixed income securities across multiple sectors.

🎯 Investment Strategy

The fund invests primarily in investment-grade fixed income securities with an average duration of 1-3 years. It seeks to generate income by allocating across sectors such as corporate bonds, government bonds, and securitized debt.

✨ Key Features

Focuses on short-duration fixed income securities to manage interest rate risk
Diversified multi-sector approach to capture yield opportunities across bond markets
Actively managed by PGIM's fixed income team to navigate changing market conditions
Aims to provide a higher level of income compared to traditional short-term bond funds

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if bond issuers fail to make timely interest or principal payments
Liquidity risk for less actively traded securities in the portfolio
Sector concentration risk if the fund is heavily weighted in certain bond sectors

👤 Best For

This ETF may be suitable for investors seeking current income and modest capital appreciation, with a lower sensitivity to interest rate changes compared to longer-duration bond funds. It can serve as a core fixed income allocation or complement to a diversified portfolio.