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PGIM Securitized Credit Fund (SCFOX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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9.66+0.01 (+0.10%)
At close: 08:00PM EDT

PGIM Securitized Credit Fund

Newark, NJ 07102

Gateway Center Three, 4th Floor,100 Mulberry Street

Prudential Investment Portfolios 8

Management Information
,Lead Manager since September 29, 2021
Gabe Rivera is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products Team. Mr. Rivera is a portfolio manager of dedicated securitized products portfolios and is also responsible for overseeing securitized product security selection across all of the firm's strategies. Additionally, Mr. Rivera is an active member of the Latinx Executive Leadership team at PGIM. Prior to joining the Firm in 2016, Mr. Rivera headed the Commercial Mortgage-Backed Securities (CMBS) trading desk at Barclays Capital where he oversaw trading in all conduit, single asset single borrower (SASB), and synthetics. Mr. Rivera began his career as an analyst within Blackrock's Mortgage Research Group focusing on the development and implementation of non-agency mortgage models and analytics. Later at Blackrock, he transitioned into the portfolio management group where he focused on non-agency RMBS investing. Mr. Rivera earned a BS in Electrical and Computer Engineering from Cornell University and a MS from Columbia University in Operations Research and Industrial Engineering.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryNontraditional Bond
Fund FamilyPGIM Investments
Net Assets151.79M
YTD Return9.58%
Yield6.43%
Morningstar Rating★★★★★
Inception DateJun 30, 2019

Fund Operations

Last Dividend0.61
Last Cap Gain-2.00
Holdings Turnover47.00%
Average for CategoryN/A

Fees & Expenses

ExpenseSCFOXCategory Average
Annual Report Expense Ratio (net)1.66%1.23%
Prospectus Net Expense Ratio1.66%N/A
Prospectus Gross Expense Ratio10.02%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.11%
Max Deferred Sales LoadN/A1.17%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A