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   +0.01%
   
4 week   +0.58%
   
3 month   +1.98%
   
YTD   +6.25%
   
1 year   +5.79%
   
3 years*   +2.51%
   
5 years*   +4.66%
   
*annualized
Best 3 month return+6.29%  
Worst 3 month return-3.58%  

Morningstar statistics

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

Key statistics

Total assets45.45M 
Front load-  
Deferred load-  
Expense ratio0.99%  
Management fee-  
Fund familyTarget Program 

Asset allocation

Cash39.59%  
Stocks0.00%  
Bonds60.42%  
Other0.00%  

Purchase information

Initial$0  
10.89+0.01(0.09%)
Dec 19, 4:00PM EST Overall Morningstar RatingTM

Description

The investment seeks high current income with a secondary investment objective of capital appreciation, each to the extent consistent with protection of capital. 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* 0.00 0.08 1.09 1.34
Beta* 1.03 0.85 0.84 0.67
Mean annual return 0.44 0.22 0.38 0.42
R-squared* 92.87 81.03 79.92 48.56
Standard deviation 2.69 2.57 2.66 3.06
Sharpe ratio 1.96 1.01 1.67 1.11
* Against standard index

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