PGIM Short Duration Multi-Secto (PSDM)

PGIM Short Duration Multi-Secto (PSDM) is an exchange-traded fund in the Short Term Bond category. It has $229.30M in assets, an expense ratio of 0.40% and a 4.74% dividend yield. The fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. The fund invests, under normal circumstances, at least 80% of its investable assets in fixed income instruments with varying maturities.