Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.19% 0.09% 201.23M 39475.83
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
5.47% 4.00% 152.98M Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize total return, through a combination of current income and capital appreciation. Under normal circumstances, the fund invests at least 80% of its investable assets in U.S. dollar-denominated collateralized loan obligations (“CLOs”) that are, at the time of purchase, rated AAA (or equivalent) by at least one nationally recognized statistical rating organization (“NRSRO”) or, if unrated, determined by the subadviser to be of comparable quality. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style High Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index --
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Connor Byrnes 0.87 yrs
Edwin Wilches 0.87 yrs
Gabriel Rivera 0.87 yrs

Performance Versus Category

 
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5%
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View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of June 14, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
--
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--
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3.71%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
0.09%
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8.97%
3.36%
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--
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8.94%
4.16%
--
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--
--
-0.08%
0.90%
4.92%
2.24%
As of June 14, 2024.

Asset Allocation

As of June 13, 2024.
Type % Net % Long % Short
Cash 8.39% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 91.61% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize total return, through a combination of current income and capital appreciation. Under normal circumstances, the fund invests at least 80% of its investable assets in U.S. dollar-denominated collateralized loan obligations (“CLOs”) that are, at the time of purchase, rated AAA (or equivalent) by at least one nationally recognized statistical rating organization (“NRSRO”) or, if unrated, determined by the subadviser to be of comparable quality. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style High Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index --
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Connor Byrnes 0.87 yrs
Edwin Wilches 0.87 yrs
Gabriel Rivera 0.87 yrs

Top Portfolio Holders

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