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Stock impact report

PGIM Short Duration Muni Fund Q3 2025 Commentary [Seeking Alpha]

Waste Management, Inc. (WM) 
Last waste management, inc. earnings: 2/13 07:30 am Check Earnings Report
US:NYSE Investor Relations: wm.com/about/investor.jsp
Company Research Source: Seeking Alpha
The Fund's security selection in Housing bonds, and an overweight position in Airport bonds contributed to performance as spreads tightened. The Fund's security selection in IDB & PCR detracted from performance, driven by positioning in Metals and Waste Management bonds. Muni rates remain attractive in both absolute terms and relative to Treasuries. Given the rate volatility, we seek to build durable portfolio(s) that hit alpha target(s) while maintaining index duration. Andrii Dodonov/iStock via Getty Images Performance Recap For the quarter, the PGIM Short Duration Muni Fund Class Z returned 2.22% net of fees and outperformed its benchmark, the Bloomberg 1-8 Year Municipal Index, gross of fees. Key Contributors Security This article was written by Quick Insights NHFIX outperformed due to strong security selection in Housing bonds and an overweight in Airport bonds, despite detractors from IDB & PCR bond selection and curve flatteners. Supply is expected to m Show less Read more
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