Target Mortgage Backed Securities Portfolio Fund Class T

 (MUTF:TGMBX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.09%
   
1 week   +0.29%
   
4 week   +0.51%
   
3 month   +0.87%
   
YTD   +4.83%
   
1 year   +5.48%
   
3 years*   +2.28%
   
5 years*   +5.63%
   
*annualized
Best 3 month return+6.29%  
Worst 3 month return-3.58%  

Morningstar statistics

Morningstar category: Intermediate Government
  Return Risk Rating
3 years Above Average Average
5 years High Above Average
10 years High Above Average
Overall High Above Average

Key statistics

Total assets43.87M 
Front load-  
Deferred load-  
Expense ratio0.93%  
Management fee-  
Fund familyTarget Program 

Asset allocation

Cash36.61%  
Stocks0.00%  
Bonds63.39%  
Other0.00%  

Purchase information

Initial$0  
10.79+0.01(0.09%)
Aug 28, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks high current income with a secondary investment objective of capital appreciation. The fund normally invests at least 80% of its investable assets in mortgage-backed debt securities. These securities will usually be mortgage-related securities issued or guaranteed by U.S. government agencies. It may invest up to 25% of its total assets in privately issued mortgage-related securities (which are not guaranteed by the U.S. government). The fund may also invest in asset-backed securities like automobile loans and credit card receivables.
Fund filings (PDF) »
Asset manager:
Michael Garrett (Started: Feb 25, 2010)
Advisor Company:
Prudential Investments LLC
Fund family reports on Morningstar »
Target Program, One Seaport Plaza, New York, NY 10292, United States

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.03 -0.25 1.60 1.32
Beta* 1.17 0.83 0.90 0.67
Mean annual return 0.38 0.19 0.47 0.42
R-squared* 92.64 77.56 75.04 48.71
Standard deviation 3.00 2.53 2.94 3.07
Sharpe ratio 1.51 0.88 1.88 1.09
* Against standard index

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