PGIM Real Assets B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-7.3%
1 yr return
-7.4%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
-1.7%
Net Assets
$90.2 M
Holdings in Top 10
79.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 4.61%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 60.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PUDBX - Profile
Distributions
- YTD Total Return -7.3%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return -1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.56%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Real Assets Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateDec 30, 2010
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEdward Campbell
Fund Description
PUDBX - Performance
Return Ranking - Trailing
Period | PUDBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.3% | -43.2% | 34.2% | 82.22% |
1 Yr | -7.4% | -48.9% | 28.6% | 84.77% |
3 Yr | -1.0%* | -27.8% | 9.2% | 62.41% |
5 Yr | -1.7%* | -32.0% | 6.0% | 78.50% |
10 Yr | N/A* | -13.6% | 11.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | PUDBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.5% | -39.6% | 40.4% | 41.35% |
2022 | -11.1% | -32.1% | 18.9% | 62.33% |
2021 | 3.9% | -24.8% | 48.2% | 73.28% |
2020 | 4.3% | -51.7% | 12.8% | 41.78% |
2019 | -10.7% | -24.6% | 18.1% | 86.25% |
Total Return Ranking - Trailing
Period | PUDBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.3% | -43.2% | 34.2% | 82.22% |
1 Yr | -7.4% | -48.9% | 28.6% | 84.77% |
3 Yr | -1.0%* | -27.8% | 9.2% | 77.01% |
5 Yr | -1.7%* | -32.0% | 7.1% | 88.38% |
10 Yr | N/A* | -13.6% | 11.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PUDBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.5% | -39.6% | 40.4% | 42.00% |
2022 | -11.1% | -32.1% | 18.9% | 80.33% |
2021 | 3.9% | -19.4% | 48.2% | 87.65% |
2020 | 4.3% | -51.7% | 12.8% | 71.85% |
2019 | -10.7% | -24.6% | 18.1% | 94.03% |
PUDBX - Holdings
Concentration Analysis
PUDBX | Category Low | Category High | PUDBX % Rank | |
---|---|---|---|---|
Net Assets | 90.2 M | 863 K | 2 B | 72.12% |
Number of Holdings | 31 | 3 | 2789 | 65.95% |
Net Assets in Top 10 | 69.8 M | -49.6 M | 1.49 B | 61.01% |
Weighting of Top 10 | 79.02% | 0.0% | 99.3% | 25.80% |
Top 10 Holdings
- Pdcz Pru Real Asset Cayman Sub 16.27%
- PGIM QMA Commodity Strategies R6 16.17%
- United States Treasury Notes 0.12% 8.01%
- PGIM Short-Term Corporate Bond R6 6.98%
- PGIM Jennison Natural Resources R6 6.06%
- PGIM Select Real Estate R6 5.60%
- PGIM Global Real Estate R6 5.50%
- PGIM Jennison Global Infrastructure R6 5.28%
- United States Treasury Notes 0.88% 4.81%
- United States Treasury Notes 0.25% 4.34%
Asset Allocation
Weighting | Return Low | Return High | PUDBX % Rank | |
---|---|---|---|---|
Bonds | 51.57% | -448.46% | 57.37% | 31.07% |
Stocks | 25.53% | -12.15% | 79.73% | 75.72% |
Other | 19.25% | -202.38% | 94.35% | 5.56% |
Cash | 3.30% | 5.65% | 527.15% | 60.91% |
Convertible Bonds | 0.33% | 0.00% | 78.71% | 53.60% |
Preferred Stocks | 0.01% | 0.00% | 2.64% | 60.91% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PUDBX % Rank | |
---|---|---|---|---|
Real Estate | 48.15% | -0.14% | 49.29% | 1.41% |
Energy | 18.99% | -0.28% | 16.16% | 1.74% |
Utilities | 12.98% | -0.17% | 12.64% | 5.21% |
Basic Materials | 12.26% | -0.13% | 11.96% | 2.49% |
Industrials | 5.62% | -0.55% | 17.47% | 86.44% |
Communication Services | 1.08% | -0.18% | 24.57% | 93.71% |
Technology | 0.68% | -1.27% | 24.46% | 96.20% |
Consumer Defense | 0.24% | -0.41% | 23.78% | 93.49% |
Healthcare | 0.00% | -0.73% | 53.41% | 97.83% |
Financial Services | 0.00% | -0.86% | 55.51% | 98.48% |
Consumer Cyclical | 0.00% | -6.55% | 17.18% | 97.72% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PUDBX % Rank | |
---|---|---|---|---|
US | 13.85% | -12.93% | 67.85% | 83.13% |
Non US | 11.68% | -0.06% | 79.73% | 12.35% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PUDBX % Rank | |
---|---|---|---|---|
Government | 77.59% | 0.00% | 67.32% | 1.54% |
Corporate | 17.20% | 0.00% | 76.56% | 79.22% |
Cash & Equivalents | 3.46% | 5.65% | 106.75% | 86.73% |
Securitized | 1.47% | 0.00% | 19.39% | 71.71% |
Derivative | 0.27% | 0.00% | 80.59% | 31.89% |
Municipal | 0.00% | 0.00% | 2.75% | 76.34% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PUDBX % Rank | |
---|---|---|---|---|
US | 49.99% | -43.48% | 92.92% | 25.82% |
Non US | 1.58% | -482.38% | 47.37% | 70.06% |
PUDBX - Expenses
Operational Fees
PUDBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 4.61% | 0.73% | 17.48% | 1.48% |
Management Fee | 0.60% | 0.43% | 1.90% | 57.26% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 91.15% |
Administrative Fee | N/A | 0.05% | 0.30% | N/A |
Sales Fees
PUDBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.75% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 1.00% | 6.29% |
Trading Fees
PUDBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
PUDBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 60.00% | 0.00% | 326.00% | 59.83% |
PUDBX - Distributions
Dividend Yield Analysis
PUDBX | Category Low | Category High | PUDBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.36% | 58.33% |
Dividend Distribution Analysis
PUDBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
PUDBX | Category Low | Category High | PUDBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.56% | -1.60% | 3.37% | 89.91% |
Capital Gain Distribution Analysis
PUDBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 26, 2018 | $0.035 | |
Oct 31, 2018 | $0.003 | |
Jul 31, 2018 | $0.025 | |
Apr 30, 2018 | $0.007 | |
Dec 22, 2017 | $0.043 | |
Oct 31, 2017 | $0.003 | |
Jul 31, 2017 | $0.034 | |
Apr 28, 2017 | $0.021 | |
Jan 31, 2017 | $0.006 | |
Jul 29, 2016 | $0.035 | |
Dec 28, 2015 | $0.027 | |
Oct 23, 2015 | $0.013 | |
Jul 24, 2015 | $0.002 | |
Dec 27, 2013 | $0.001 | |
Dec 31, 2012 | $0.023 | |
Dec 23, 2011 | $0.034 | |
May 20, 2011 | $0.026 |
PUDBX - Fund Manager Analysis
Managers
Edward Campbell
Start Date
Tenure
Tenure Rank
Dec 30, 2010
9.51
9.5%
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.
Craig Dewling
Start Date
Tenure
Tenure Rank
Dec 30, 2010
9.51
9.5%
Craig Dewling is a Managing Director and Head of the Multi-Sector and Liquidity Team at PGIM Fixed Income. In this role, Mr. Dewling has portfolio management and trading oversight for US Treasuries and government agency securities, mortgage-backed securities, structured product securities, and interest rate derivative transactions for all strategies, products, and distribution channels. He is also a senior portfolio manager for US Government, mortgage-backed securities, insurance strategies, and multi-sector fixed income portfolios. He has specialized in mortgage-backed securities since 1991. Earlier, he was a taxable bond generalist for Prudential's proprietary accounts, specializing in US Treasuries and agencies. Mr. Dewling joined the Firm in 1987 in the Securities Systems Group. Mr. Dewling received a BS in Quantitative Business Analysis from The Pennsylvania State University and an MBA in Finance from Rutgers University.
Joel Kallman
Start Date
Tenure
Tenure Rank
Dec 30, 2010
9.51
9.5%
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.
Robert Tipp
Start Date
Tenure
Tenure Rank
Dec 30, 2010
9.51
9.5%
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds for PGIM Fixed Income. In addition to comanaging the Global Aggregate Plus strategy, Mr. Tipp is responsible for global rates positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at the Firm since 1991, where he has held a variety of senior investment manager and strategist roles. Prior to joining the Firm, he was a Director in the Portfolio Strategies Group at the First Boston Corporation, where he developed, marketed, and implemented strategic portfolio products for money managers. Before that, Mr. Tipp was a Senior Staff Analyst at the Allstate Research & Planning Center, and managed fixed income and equity derivative strategies at Wells Fargo Investment Advisors. He received a BS in Business Administration and an MBA from the University of California, Berkeley. Mr. Tipp holds the Chartered Financial Analyst (CFA) designation. Named Morningstar’s 2017 Fixed Income Manager of The Year for PGIM Total Return Bond Fund.
Edward Keon
Start Date
Tenure
Tenure Rank
Dec 30, 2010
9.51
9.5%
Edward F. Keon, Jr. is a Managing Director and Portfolio Manager for QMA, as well as a member of the asset allocation team. In addition to portfolio management, Ed contributes to investment strategy, research and portfolio construction. Ed’s investment industry experience dates back to 1993. Before joining QMA, he served as Chief Investment Strategist and Director of Quantitative Research at Prudential Equity Group, LLC, where he was a member of the firm’s investment policy committee and research recommendation committee. Ed’s prior experience was as Senior Vice President at I/B/E/S International Inc. Ed is a member of the Board of Directors of the Chicago Quantitative Alliance and sits on the Membership Committee of the Institute of Quantitative Research in Finance (Q-Group). He graduated summa cum laude with a BS in industrial management from the University of Massachusetts/Lowell and an MS in Finance and Marketing from the Sloan School of Management at the Massachusetts Institute of Technology.
Rory Cummings
Start Date
Tenure
Tenure Rank
Apr 30, 2015
5.17
5.2%
Rory Cummings, CFA, is a Portfolio Manager for QMA and a member of the Asset Allocation team. He also conducts macroeconomic, market valuation, and capital markets research. Rory has worked in various roles within the Asset Allocation team and, prior to joining, served as a Client Relations Specialist covering a variety of institutional clients. He earned a BA in Finance from Seton Hall University and a MBA in Financial Markets and Corporate Finance from New York University. He also holds the Chartered Financial Analyst (CFA) designation.
Erik Schiller
Start Date
Tenure
Tenure Rank
Jan 04, 2016
4.49
4.5%
Erik Schiller, CFA, is a Managing Director and Head of Developed Market Interest Rates for PGIM Fixed Income's Multi-Sector and Liquidity Team, specializing in government securities, futures, interest rate swaps/derivatives, and agency debentures. Mr. Schiller holds a senior portfolio management role where he develops portfolio strategy, performs quantitative analysis, and designs and implements risk positions within the liquidity relative value strategy portfolios, multi-sector fixed income portfolios, liability-driven portfolios, and government securities focused mutual funds. He has held this role since 2006. Formerly, Mr. Schiller was a Vice President for PGIM Fixed Income's US Liquidity Sector Team, and previously a hedge fund analyst within the Portfolio Analysis Group. Mr. Schiller joined the Firm in 2000 as an operations associate in the mortgage-backed securities group. He received a BA with high honors in Economics from Hobart College and holds the Chartered Financial Analyst (CFA) designation.
Gary Wu
Start Date
Tenure
Tenure Rank
Jan 04, 2016
4.49
4.5%
Gary Wu, CFA, is a Principal and a US government portfolio manager for PGIM Fixed Income's Multi-Sector and Liquidity Team. He has been responsible for managing US Treasury products since joining the Team in 2000. Previously, Mr. Wu was a portfolio manager on PGIM Fixed Income’s Money Markets Desk. From 1997 to 1999, Mr. Wu was a risk analyst in PGIM Fixed Income’s quantitative research group. Mr. Wu joined the Firm in 1994 in the Guaranteed Products Unit, where he was responsible for annuity pricing. Mr. Wu received a BS in Business Administration and Mathematics from The State University of New York, at Albany. He holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 20.33 | 5.01 | 9.68 |