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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PGIM Real Assets Fund

PUDZX | Fund

$9.24

$92.3 M

6.45%

$0.59

1.94%

Vitals

YTD Return

2.7%

1 yr return

7.4%

3 Yr Avg Return

5.7%

5 Yr Avg Return

6.2%

Net Assets

$92.3 M

Holdings in Top 10

99.9%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PGIM Real Assets Fund

PUDZX | Fund

$9.24

$92.3 M

6.45%

$0.59

1.94%

PUDZX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM Real Assets Fund
  • Fund Family Name
    PRUDENTIAL
  • Inception Date
    Dec 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Edward Campbell

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in real assets that may perform well in periods of high inflation. Real return is the rate of return after adjusting for inflation. Under normal circumstances, the Fund invests at least 80% of its investable assets in investments offering exposure to real assets.Real assets include interests in: commodities,real estate, utilities and infrastructurestocks, natural resource stocks, fixed income instruments (including Treasury Inflation-Protected Securities (“TIPS”); master limited partnerships (“MLPs”); gold-related securities and other defensive assets; derivatives on each of these interests; and other assets that have intrinsic value due to their physical properties. The Fund may focus its investments in particular types of real assets and is not required to diversify among different categories of real assets. The term “investable assets” refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.The Fund gains exposure to the real asset classes by investing in varying combinations of other PGIM mutual funds (the “Underlying Funds”); the Cayman Subsidiary; and direct investments in securities (such as equity and equity-related securities, including common stock, convertible securities, nonconvertible preferred stock, American Depositary Receipts, warrants and other rights that can be exercised to obtain stock, preferred stocks, affiliated and unaffiliated exchange-traded funds (“ETFs”), notes and bonds and certain financial and derivative instruments, including futures).The Fund’s asset allocation strategy is determined by the Fund’s subadviser. The subadviser utilizes a dynamic asset allocation strategy among the real asset classes to seek to provide attractive risk adjusted real return. The subadviser utilizes a dynamic asset allocation process that makes tactical allocation decisions based on portfolio management judgment which incorporates factors such as current market and economic conditions, risk, and valuation. This analyzes the momentum of asset class prices, their volatility and their correlations to each other and adapts the asset class allocations to reflect the current market environment. Finally, the subadviser’s portfolio managers overlay their judgment over the analysis to incorporate data and information that they believe may also impact future asset class returns.The subadviser may tactically adjust the asset allocation ranges among the real asset classes within the following approximate ranges: commodities (0% to 50%), real estate (0% to 50%), utilities/infrastructure (0% to 40%), natural resources (0% to 40%), fixed income (0% to 60%), MLPs (0% to 20%), and gold/defensive (0% to 40%). Additionally, the Fund’s investments in the Underlying Funds may range from 0% to 100% of the Fund’s assets. As of October 31, 2023, the Fund’s assets were allocated approximately to each asset class as follows: commodities (19.45%), real estate (21.67%), utilities/infrastructure (9.24%), natural resources (7.84%), fixed income (25.67%), MLPs (13.27%), gold/defensive (1.64%) and cash (1.21%).Real Estate, Utilities/Infrastructure, Natural Resources, MLPs, Commodities and Fixed Income Asset Classes. The Fund invests in the shares of the Underlying Funds named in the section entitled “More About the Fund's Principal and Non-Principal Investment Strategies, Investments and Risks” to obtain exposure to real estate, utilities/infrastructure, natural resources, MLPs, commodities and fixed income. Each Underlying Fund invests primarily in securities or other instruments suggested by such Underlying Fund's name. Each of the Underlying Funds is managed by the Fund’s manager and subadvised by its affiliates.Gold/Defensive Asset Class. The Fund gains exposure to the gold/defensive asset class through investment of the Fund’s assets directly or in the Cayman Subsidiary. The subadviser manages the Fund’s assets that are allocated to the gold/defensive asset class. The objective of the gold/defensive asset class is to provide exposure to gold-related securities and other defensive assets. To obtain the desired gold exposure, the subadviser may invest the Fund’s assets that are allocated to this asset class in a portfolio of relatively large, liquid gold mining stocks, most of which are included in the NYSE Arca Gold Miners Index. To reduce the equity exposure associated with these stocks, the gold/defensive asset class may obtain exposure to the Chicago Board Options Exchange Volatility Index (“VIX”) and cash or cash equivalents. The VIX measures the implied volatility (i.e., estimated future volatility) of the S&P 500 Index options. The Fund may also invest in ETFs, swaps, futures contracts and other derivatives and/or exchange traded notes (“ETNs”). The subadviser also may invest through the Cayman Subsidiary in gold-related derivatives that would otherwise generate non-qualifying income for purposes of the Internal Revenue Code of 1986, as amended (the “Code”) (e.g., gold futures).
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PUDZX - Performance

Return Ranking - Trailing

Period PUDZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -0.9% 26.1% 92.73%
1 Yr 7.4% -5.9% 45.8% 95.52%
3 Yr 5.7%* -5.8% 8.6% 17.32%
5 Yr 6.2%* -4.1% 15.9% 73.73%
10 Yr 3.3%* 0.7% 10.9% 92.86%

* Annualized

Return Ranking - Calendar

Period PUDZX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.4% -12.2% 23.9% 97.47%
2022 -10.8% -34.7% 2.8% 6.41%
2021 4.6% -11.9% 18.1% 56.19%
2020 -0.2% -20.9% 39.7% 92.58%
2019 12.4% 0.8% 25.7% 68.84%

Total Return Ranking - Trailing

Period PUDZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -0.9% 26.1% 92.73%
1 Yr 7.4% -5.9% 45.8% 95.52%
3 Yr 5.7%* -5.8% 8.6% 17.32%
5 Yr 6.2%* -4.1% 15.9% 73.73%
10 Yr 3.3%* 0.7% 10.9% 92.86%

* Annualized

Total Return Ranking - Calendar

Period PUDZX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -12.2% 26.8% 97.33%
2022 -2.8% -29.0% 10.9% 2.85%
2021 18.3% -3.0% 24.2% 4.28%
2020 4.8% -19.5% 40.6% 90.11%
2019 16.3% 4.4% 32.7% 85.53%

NAV & Total Return History


PUDZX - Holdings

Concentration Analysis

PUDZX Category Low Category High PUDZX % Rank
Net Assets 92.3 M 733 K 195 B 82.37%
Number of Holdings 9 2 15716 94.17%
Net Assets in Top 10 97 M 618 K 62.8 B 73.93%
Weighting of Top 10 99.87% 11.4% 118.9% 1.39%

Top 10 Holdings

  1. PGIM TIPS Fund 24.45%
  2. PGIM Select Real Estate Fund 21.07%
  3. PGIM Quant Solutions Commodity Strategies Fund 17.50%
  4. PGIM Jennison MLP Fund 12.23%
  5. PGIM Jennison Global Infrastructure Fund 7.89%
  6. PGIM Global Real Estate Fund 7.81%
  7. PGIM Jennison Natural Resource Fund 5.76%
  8. PGIM Core Ultra Short Bond Fund 1.68%
  9. iShares Gold Trust 1.47%

Asset Allocation

Weighting Return Low Return High PUDZX % Rank
Stocks
98.19% 0.00% 103.09% 27.88%
Cash
1.81% -10.21% 100.00% 46.74%
Preferred Stocks
0.00% 0.00% 23.88% 80.17%
Other
0.00% -41.62% 117.44% 77.12%
Convertible Bonds
0.00% 0.00% 23.84% 97.77%
Bonds
0.00% 0.00% 77.27% 86.55%

Stock Sector Breakdown

Weighting Return Low Return High PUDZX % Rank
Real Estate
39.79% 0.00% 65.01% 1.26%
Energy
32.50% 0.00% 85.65% 1.68%
Utilities
10.85% 0.00% 99.55% 5.18%
Industrials
8.97% 0.00% 24.37% 76.05%
Basic Materials
6.06% 0.00% 33.35% 8.26%
Communication Services
0.63% 0.00% 38.10% 95.94%
Consumer Defense
0.48% 0.00% 15.14% 97.62%
Consumer Cyclical
0.47% 0.00% 19.36% 97.76%
Technology
0.27% 0.00% 44.21% 98.74%
Healthcare
0.00% 0.00% 29.35% 99.58%
Financial Services
0.00% 0.00% 38.77% 99.16%

Stock Geographic Breakdown

Weighting Return Low Return High PUDZX % Rank
US
98.19% 0.00% 103.09% 27.88%
Non US
0.00% 0.00% 38.68% 81.14%

PUDZX - Expenses

Operational Fees

PUDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.94% 0.03% 17.63% 10.07%
Management Fee 0.63% 0.00% 1.83% 77.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

PUDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PUDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PUDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 343.00% 37.93%

PUDZX - Distributions

Dividend Yield Analysis

PUDZX Category Low Category High PUDZX % Rank
Dividend Yield 6.45% 0.00% 15.61% 20.11%

Dividend Distribution Analysis

PUDZX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

PUDZX Category Low Category High PUDZX % Rank
Net Income Ratio 1.23% -2.34% 19.41% 45.42%

Capital Gain Distribution Analysis

PUDZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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PUDZX - Fund Manager Analysis

Managers

Edward Campbell


Start Date

Tenure

Tenure Rank

Dec 30, 2010

11.42

11.4%

Edward L. Campbell, CFA, is a Managing Director and Portfolio Manager for QMA working within the Global Multi-Asset Solutions team. In this capacity, he is responsible for portfolio management, analysis, and economic and market valuation research, and he oversees a team of investment professionals. Ed also represents the firm through appearances in major media outlets, most notably as a regular guest on CNBC’s Squawk Box. Prior to joining QMA, Ed served as a Portfolio Manager and Senior Analyst for PGIM Investments’ Strategic Investment Research Group (SIRG). Previously, Ed was a Partner and Vice President at Trilogy Advisors. He earned a BS in economics and international business from The City University of New York and an MBA in finance, global business and organizational leadership from the New York University Stern School of Business.

Joel Kallman


Start Date

Tenure

Tenure Rank

Dec 30, 2010

11.42

11.4%

Joel M. Kallman, CFA, is a Vice President and Portfolio Manager for Quantitative Management Associates. Joel is a portfolio manager and a member of the asset allocation team. He also conducts economic and market valuation research. Joel has also held various positions within Prudential's fixed-income group, in areas such as high-yield credit analysis and performance reporting. He earned a BS and MBA in Finance from Rutgers University. He is also a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst (CFA) designation.

Edward Keon


Start Date

Tenure

Tenure Rank

Dec 30, 2010

11.42

11.4%

Edward F. Keon, Jr. is a Managing Director and Chief Investment Strategist for QMA’s Global Multi-Asset Solutions team. In this capacity, he is responsible for portfolio management, analysis, and economic and market valuation research. He also represents the firm through appearances in major media outlets, most notably as a regular guest on CNBC’s Squawk Box. Prior to joining QMA, Ed served as Chief Investment Strategist and Director of Quantitative Research at Prudential Equity Group, LLC, where he was repeatedly voted onto Institutional Investor’s All-American Research Team, and as a Senior Vice President at I/B/E/S International Inc. Ed is a board member of the Chicago Quantitative Alliance, where he heads the committee to develop sound practices in quantitative investment management. He earned a BS in industrial management from the University of Massachusetts Lowell and an MBA in finance and marketing from the Massachusetts Institute of Technology Sloan School of Management.

Rory Cummings


Start Date

Tenure

Tenure Rank

Apr 30, 2015

7.09

7.1%

Rory Cummings, CFA, is a Vice President and Portfolio Manager for QMA working within the Global Multi-Asset Solutions team. In this capacity, he is responsible for portfolio management, analysis, and economic and market valuation research. Prior to his current role, Rory served as a Client Relations Specialist covering a variety of institutional clients. He earned a BA in finance from Seton Hall University and an MBA in financial markets and corporate finance from the New York University Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.33 2.41