Target Mortgage Backed Securities Portfolio Fund Class T

 (MUTF:TGMBX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.28%
   
1 week   +0.47%
   
4 week
   
-0.14%  
3 month   +1.04%
   
YTD   +0.54%
   
1 year   +5.13%
   
3 years*   +2.39%
   
5 years*   +4.58%
   
*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 assets44.45M 
Front load-  
Deferred load-  
Expense ratio0.99%  
Management fee-  
Fund familyTarget Program 

Asset allocation

Cash39.86%  
Stocks0.00%  
Bonds60.14%  
Other0.00%  

Purchase information

Initial$0  
10.94-0.01(-0.09%)
Feb 26, 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* 1.04 0.17 1.07 1.34
Beta* 0.65 0.80 0.78 0.66
Mean annual return 0.44 0.22 0.38 0.42
R-squared* 74.21 77.92 75.14 48.40
Standard deviation 2.00 2.58 2.48 3.06
Sharpe ratio 2.60 1.00 1.83 1.12
* Against standard index

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