PGIM Securitized Credit Fund
Prudential Investment Portfolios 8 · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
PGIM Securitized Credit Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q4
The investment objective of the Fund is to seek to maximize total return, through a combination of current income and capital appreciation .
The fund is managed by a subadviser that combines top-down economic analysis and bottom-up research with proprietary quantitative models to invest at least 80% of assets in securitized credit investments—including mortgage-backed securities, asset-backed securities, collateralized loan obligations, and similar structured products—alongside other fixed-income instruments. The subadviser evaluates securities based on underlying collateral quality, origination and servicing practices, structure, expected total return, credit quality, and maturity, and may hold unrated securities deemed comparable to rated ones. The fund may invest up to 35% in non-U.S. fixed-income instruments and emerging markets debt, maintains a dollar-weighted average effective duration between -2 and +2 years under normal conditions, and may use derivatives and leverage to enhance returns or hedge risks. Because security selection depends on the subadviser's analysis and ratings of individual credits, fund performance will diverge from any benchmark.
| Share class | Gross | Net |
|---|---|---|
| SCFZX | 0.77% | 0.65% |
| SCFOX | 1.00% | 0.90% |
| SCFVX | 1.82% | 1.65% |
| SCFQX | 1.10% | 0.60% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 36.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 101.69% |
| Cash & short-term | 1.96% |
| Bonds | 0.15% |
| Loans | 0.02% |
| Stocks | 0.01% |
| Derivatives | -0.23% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q3, one or more quarters before the direct holdings (2026Q2).
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT, ABSOLUTE ISSUER CO - SERIES 6.0, GPCC Amortizing Receivables LL, CBAM 2017-2 LTD, ORYX FUNDING LLC, PENTA CLO 10 DAC, CIFC FUNDING 2024-I LTD, MONUMENT CLO 1 DAC
Largest exited: PRET 2025-NPL3 LLC, VNDO TRUST 2016-350P, J.P. MORGAN SECURITIES LLC, DOMAIN GREENBOUGH PARTNER 2, MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL, WHARF COMMERCIAL MORTGAGE TRUST 2025-DC, Unavailable, KKR CLO 49 LTD
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +6.56% | +25.71% | +30.32% | 0.75% | -0.06% | |
| +6.29% | +24.75% | +28.62% | 0.75% | -0.08% | |
| +5.41% | +21.88% | +23.80% | 0.76% | -0.20% | |
| +6.48% | +25.70% | +30.40% | 0.78% | -0.09% |
These classes hold the same portfolio, so the 6.59pp spread over 5 years is the cost difference between them — roughly 1.32pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 84.4% |
| Fixed rate | 13.4% |
| Zero-coupon or unclassified | 2.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.4% |
| 1-3y | 0.8% |
| 3-5y | 2.1% |
| 5-10y | 12.5% |
| 10y+ | 82.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Interest-rate moves barely touch this fund — but its credit exposure is real: a 100bp widening in credit spreads costs roughly 4.0%. Duration alone would have told you none of that.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 83% |
| Interest rates | 17% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.39 yr |
| High yield | +0.57 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.06 yr | 7% |
| 1 yr | 0.04 yr | 5% |
| 5 yr | 0.12 yr | 15% |
| 10 yr | 0.49 yr | 60% |
| 30 yr | 0.10 yr | 12% |
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.60 yr | 15% |
| 5 yr | 2.64 yr | 67% |
| 10 yr | 0.67 yr | 17% |
| 30 yr | 0.01 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.06 | +0.02 | +0.01 | $7.0k | $1.9k |
| 1 yr | +0.04 | +0.46 | +0.14 | $144.0k | $44.0k |
| 5 yr | +0.12 | +2.40 | +0.25 | $752.7k | $77.7k |
| 10 yr | +0.49 | +0.51 | +0.17 | $159.2k | $52.8k |
| 30 yr | +0.10 | +0.00 | +0.01 | $1.3k | $2.7k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 0.82 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | (PIPA070) PGIM Core Government Money Market Fund | 2.59% | $81.35M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2026-09-03 | 1.42% | $44.71M | — |
| — | SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA7.19% floating · due 2041-04-17 | 0.64% | $20.25M | — |
| — | LINCT 2024-1 A1X2.75% floating · due 2027-06-27 | 0.64% | $20.00M | — |
| — | ROCK TRUST 2024-CNTR8.82% · due 2041-11-15 | 0.61% | $19.29M | — |
| — | BEIGNET INVESTOR LLC6.58% · due 2049-05-30 | 0.60% | $18.91M | — |
| — | LEGACY MORTGAGE ASSET TRUST 2025-PR16.00% floating · due 2061-01-25 | 0.58% | $18.32M | — |
| — | AURIUM CLO VIII DAC4.09% floating · due 2038-10-16 | 0.55% | $17.24M | — |
| — | PALMER SQUARE EUROPEAN CLO 2025-1 DAC4.05% floating · due 2039-10-15 | 0.55% | $17.21M | — |
| — | TIKEHAU CLO XI DAC4.20% floating · due 2038-01-15 | 0.55% | $17.23M | — |
Top 10 positions are 8.74% of net assets, top 25 16.26%, across 502 issuers.
See more of this fund's book
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