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
   
-0.08%  
4 week
   
-0.15%  
3 month   +1.53%
   
YTD   +4.20%
   
1 year   +4.82%
   
3 years*   +2.51%
   
5 years*   +5.94%
   
*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 assets43.52M 
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  
10.69-0.04(-0.37%)
Jul 30, 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* -0.13 -0.16 1.75 1.37
Beta* 1.16 0.81 0.92 0.66
Mean annual return 0.41 0.23 0.51 0.43
R-squared* 91.12 77.95 75.67 48.66
Standard deviation 2.91 2.54 3.01 3.06
Sharpe ratio 1.66 1.08 2.02 1.13
* Against standard index

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