Target Mortgage Backed Securities Portfolio Fund Class T

 (MUTF:TGMBX)   Watch this mutual fund  
Find more results for MUTF:TGMBX

Performance

Trailing returns

1 day
   
-0.09%  
1 week   +0.29%
   
4 week   +0.34%
   
3 month   +1.78%
   
YTD   +2.71%
   
1 year
   
-0.12%  
3 years*   +3.14%
   
5 years*   +6.75%
   
*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 Average
Overall High Average

Key statistics

Total assets42.19M 
Front load-  
Deferred load-  
Expense ratio0.93%  
Management fee-  
Fund familyTarget Program 

Asset allocation

Cash35.52%  
Stocks0.00%  
Bonds64.48%  
Other0.00%  

Purchase information

Initial$0  
10.580.00(0.00%)
Apr 15, 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* -0.35 -0.04 2.13 1.27
Beta* 1.04 0.82 0.94 0.67
Mean annual return -0.03 0.25 0.55 0.40
R-squared* 92.33 78.32 70.17 50.64
Standard deviation 3.80 2.64 3.15 3.13
Sharpe ratio -0.12 1.12 2.05 0.98
* Against standard index

Top 10 holdings