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Name

As of 04/23/2024

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 Government Money Market Fund

PBMXX | Fund

$1.00

$16.7 B

4.80%

$0.05

0.64%

Vitals

YTD Return

1.6%

1 yr return

4.8%

3 Yr Avg Return

2.3%

5 Yr Avg Return

N/A

Net Assets

$16.7 B

Holdings in Top 10

44.6%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Money Market Fund

Name

As of 04/23/2024

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 Government Money Market Fund

PBMXX | Fund

$1.00

$16.7 B

4.80%

$0.05

0.64%

PBMXX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    PGIM Government Money Market Fund
  • Fund Family Name
    PRUDENTIAL
  • Inception Date
    Nov 07, 2019
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund intends to operate as a government money market fund under the regulations governing money market funds. The Fund invests at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements that are fully collateralized with cash or government securities. Government securities include U.S. Treasury bills, notes, and other obligations issued or guaranteed as to principal and interest by the U.S. Government or its agencies or instrumentalities. The Fund has a policy to invest under normal conditions 80% of its net assets in government securities and/or repurchase agreements that are collateralized by government securities. The Fund seeks to maintain a stable net asset value of $1.00 per share. The Fund will invest only in securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulations. The Fund seeks to invest in securities that present minimal credit risk. The Fund may invest significantly in securities with floating or variable rates of interest.In managing the Fund’s assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook are determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk.
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PBMXX - Performance

Return Ranking - Trailing

Period PBMXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 0.0% 2.2% 68.22%
1 Yr 4.8% 0.5% 5.7% 71.71%
3 Yr 2.3%* 0.7% 2.8% 67.78%
5 Yr N/A* 0.7% 110.6% 76.94%
10 Yr N/A* 0.3% 32.1% 53.85%

* Annualized

Return Ranking - Calendar

Period PBMXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 86.57%
2022 0.0% 0.0% 1.2% 88.55%
2021 0.0% 0.0% 0.0% 88.44%
2020 N/A 0.0% 0.4% 58.60%
2019 N/A 0.0% 2.0% 56.44%

Total Return Ranking - Trailing

Period PBMXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 0.0% 2.2% 68.22%
1 Yr 4.8% 0.5% 5.7% 71.71%
3 Yr 2.3%* 0.7% 2.8% 67.78%
5 Yr N/A* 0.7% 110.6% 76.73%
10 Yr N/A* 0.3% 32.1% 53.85%

* Annualized

Total Return Ranking - Calendar

Period PBMXX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% 0.8% 5.9% 68.16%
2022 1.2% 0.0% 1.8% 57.51%
2021 0.1% 0.0% 1.9% 5.91%
2020 N/A 0.0% 3.0% 58.60%
2019 N/A 0.0% 3797.9% 56.86%

NAV & Total Return History

PBMXX - Holdings

Concentration Analysis

PBMXX Category Low Category High PBMXX % Rank
Net Assets 16.7 B 818 K 211 B 4.75%
Number of Holdings 50 1 346 48.93%
Net Assets in Top 10 244 M -343 K 163 B 90.02%
Weighting of Top 10 44.63% 22.7% 100.0% 87.53%

Top 10 Holdings

  1. Tri-Party Standard Chartered Bank 8.70%
  2. Tri-Party Standard Chartered Bank 8.70%
  3. Tri-Party Standard Chartered Bank 8.70%
  4. Tri-Party Standard Chartered Bank 8.70%
  5. Tri-Party Standard Chartered Bank 8.70%
  6. Tri-Party Standard Chartered Bank 8.70%
  7. Tri-Party Standard Chartered Bank 8.70%
  8. Tri-Party Standard Chartered Bank 8.70%
  9. Tri-Party Standard Chartered Bank 8.70%
  10. Tri-Party Standard Chartered Bank 8.70%

Asset Allocation

Weighting Return Low Return High PBMXX % Rank
Cash 		92.89% 25.56% 100.00% 13.03%
Bonds 		7.11% 0.00% 74.44% 87.91%
Stocks 		0.00% 0.00% 0.00% 87.68%
Preferred Stocks 		0.00% 0.00% 0.00% 87.68%
Other 		0.00% -1.67% 0.04% 86.97%
Convertible Bonds 		0.00% 0.00% 21.22% 89.10%

Bond Sector Breakdown

Weighting Return Low Return High PBMXX % Rank
Cash & Equivalents 		92.89% 0.00% 100.00% 11.14%
Government 		7.11% 0.00% 44.01% 85.31%
Derivative 		0.00% 0.00% 0.00% 87.68%
Securitized 		0.00% 0.00% 1.75% 88.15%
Corporate 		0.00% 0.00% 100.00% 90.05%
Municipal 		0.00% 0.00% 22.71% 89.34%

Bond Geographic Breakdown

Weighting Return Low Return High PBMXX % Rank
US 		7.11% 0.00% 72.86% 87.91%
Non US 		0.00% 0.00% 3.41% 88.15%

PBMXX - Expenses

Operational Fees

PBMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.08% 4.53% 20.29%
Management Fee 0.32% 0.03% 0.50% 88.39%
12b-1 Fee 0.13% 0.00% 1.00% 46.59%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PBMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PBMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% 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.

PBMXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

PBMXX - Distributions

Dividend Yield Analysis

PBMXX Category Low Category High PBMXX % Rank
Dividend Yield 4.80% 0.00% 5.56% 76.78%

Dividend Distribution Analysis

PBMXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

PBMXX Category Low Category High PBMXX % Rank
Net Income Ratio 0.01% -1.09% 1.67% 73.11%

Capital Gain Distribution Analysis

PBMXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

PBMXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Sep 27, 2010

11.68

11.7%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 14.93 19.01

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