|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
High Yield Muni Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
7.37 Yrs
|
|
|
|
Avg Credit Quality |
|
|
BBB |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 9.26 |
|
|
| YTD Return % (2009-11-20) |
| 21.32% |
|
|
| Total Assets ($ mil) |
| 499 |
|
| Growth of $10,000 |
 |
Fund: |
Dryden Municipal Bond Hi-Inc Z |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
High Yield Muni |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1996-09-16 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
21.32 |
14.80 |
1.26 |
3.57 |
4.53 |
4.71 |
| +/- Category |
-8.16 |
-1.46 |
3.29 |
1.98 |
0.95 |
--- |
| +/- BarCap Municipal TR USD |
9.18 |
3.13 |
-2.99 |
-0.79 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
23.95 |
10.71 |
2.36 |
4.19 |
4.61 |
4.90 |
| Month-End (as of 2009-10-31) |
21.57 |
16.33 |
1.43 |
3.64 |
4.53 |
4.71 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
16.36 |
1.41 |
3.63 |
4.53 |
--- |
| On Distribution & Sale of Shares |
--- |
12.98 |
2.00 |
3.90 |
4.69 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
 |
--- |
|
| # of compared funds covered (3 yrs : out of 129 funds), (5 yrs : out of 107 funds), (10 yrs : out of 85 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
2.53 |
| Advance Refunded |
4.24 |
| State Appropriated Tobacco |
0.29 |
| Non-state Appropriated Tobacco |
4.04 |
| Education |
5.73 |
| Health |
15.25 |
| Housing |
2.49 |
| Industrial |
12.64 |
| Transportation |
7.44 |
| Utilities |
0.32 |
| Water/Sewer |
---
|
| Misc. Revenue |
45.02 |
|
| Bond Quality |
% of Bonds |
| AAA |
9.9 |
| AA |
6.0 |
| A |
26.0 |
| BBB |
32.3 |
| BB |
4.4 |
| B |
3.6 |
| Below B |
2.3 |
| Not Rated |
15.6 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
2.0 |
 |
Stocks |
0.0 |
|
Bonds |
98.0 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
23 |
| Total Number of Bond Holdings |
283 |
|
30 Day SEC Yield % |
6.24 |
| % of Assets in Top 10 Holdings |
12.11 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
West Virginia St Hosp Fin Auth 6.75% |
2030-09-01 |
7,000 |
7,470 |
1.45 |
|
Orange Cnty Calif Loc Transn A Measure M |
2011-02-14 |
7,000 |
7,225 |
1.40 |
|
Memphis Ctr City Rev Fin Corp Rev B 6.5% |
2028-09-01 |
26,000 |
7,020 |
1.36 |
|
Foothill / Eastern Transn Corr To 5.875% |
2028-01-15 |
6,700 |
6,681 |
1.30 |
|
Metropolitan Pier & Exposition Rev 5.25% |
2042-06-15 |
6,000 |
6,168 |
1.20 |
|
 |
|
New Jersey Econ Dev Auth 6.25% |
2029-09-15 |
6,530 |
6,027 |
1.17 |
|
Lower Colo Riv Auth 7.25% |
2037-05-15 |
5,000 |
5,642 |
1.10 |
|
Gilberts Ill Spl Svc Area No 9 Spl 7.75% |
2027-03-01 |
5,000 |
5,584 |
1.08 |
|
Colorado Health Facs Auth 5% |
2025-03-01 |
5,560 |
5,335 |
1.04 |
|
Somerset Cnty Pa Hosp Auth 8.5% |
2024-06-01 |
8,805 |
5,220 |
1.01 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 1996-09-16 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Susan Courtney (2005-04-30) |
|
|
|
Courtney joined Prudential Financial in 2005 from GE Asset Management, where for the past 10 years she was a municipal bond portfolio manager. Prior to her career at GE, she was assistant vice president of the global power group at Fitch Investors Services, Inc., and a senior analyst in the unit investment trust department of Dean Witter Reynolds. |
|
|
|
|
|
Robert Tipp (2004-10-31) |
|
|
|
Tipp is managing director and Prudential Fixed Income's chief investment strategist. Before joining Prudential Financial in 1991, he was a director in the Portfolio Strategies Group at the First Boston Corporation. Prior to that, Tipp was a senior staff analyst at the Allstate Research & Planning Center and managed a number of fixed income and equity derivative strategies at Wells Fargo Investment Advisors.
Tipp holds the Chartered Financial Analyst designation. |
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|
|
|
Sales Charge %
(taken from prospectus dated 2009-06-30) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.62 |
based on net assets
(taken from annual report dated 2009-04-30)
|
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| Correspondence Information |
Gateway Center Three, 4th Floor
100 Mulberry Street
Newark,
NJ
07102
USA |
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