PUDAX Performance — PGIM Real Assets Fund, Class A
Data updated: 2026-09-29
PUDAX returned +12.33% year to date and +20.01% over one year to Jul 2026. Annualised returns are +11.36% over 3 years and +7.41% over 5 years. Against its Financials Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $138, against $152 for the category, and to $120 over one year, against $114. Volatility over the past three years was 8.38% a year. In the 12 months to Jul 2026 the fund lost a net $38.4M, and assets reached $40.26M.
PUDAX Growth of $100
What $100 invested in PGIM Real Assets Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | PUDAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $120 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $138 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $143 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $175 | $188 |
PUDAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.33% |
| 1 year | +20.01% |
| 3 years (annualised) | +11.36% |
| 5 years (annualised) | +7.41% |
PUDAX Annual Returns
Calendar-year total returns of PGIM Real Assets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +12.33% |
| 2025 | +13.04% |
| 2024 | +8.16% |
| 2023 | +2.94% |
| 2022 | −3.11% |
| 2021 | +17.99% |
| 2020 | +4.45% |
| 2019 (Aug–Dec) | +3.84% |
PUDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.8% | +5.3% | −1.0% | +4.4% | −2.0% | −2.3% | +2.0% | — | — | — | — | — |
| 2025 | +2.5% | +1.1% | +0.7% | −1.1% | +1.2% | +1.9% | −0.6% | +2.3% | +2.6% | +0.2% | +2.1% | −0.5% |
| 2024 | −1.3% | +0.8% | +3.7% | −2.1% | +3.1% | −0.3% | +2.4% | +2.3% | +2.9% | −1.6% | +2.6% | −4.3% |
| 2023 | +3.4% | −4.0% | +0.7% | +0.8% | −3.8% | +2.5% | +3.0% | −1.4% | −2.6% | −1.7% | +3.9% | +2.5% |
| 2022 | +0.9% | +2.5% | +4.9% | −1.7% | +0.2% | −8.7% | +5.3% | −1.8% | −8.8% | +4.2% | +4.2% | −2.9% |
| 2021 | +0.3% | +2.3% | +0.3% | +4.5% | +2.8% | +1.5% | +0.8% | +0.3% | −0.1% | +4.5% | −4.0% | +3.8% |
| 2020 | +0.3% | −3.9% | −9.6% | +4.1% | +2.4% | +1.6% | +4.6% | +2.1% | −2.7% | −0.8% | +3.4% | +3.9% |
| 2019 | — | — | — | — | — | — | — | +1.6% | −0.3% | +1.3% | −1.1% | +2.4% |
PUDAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.38%
- 3-year Sharpe ratio: 0.82 (vs 4.5% risk-free rate)
- Best month: +5.79% (Jan 2026)
- Worst month: −4.26% (Dec 2024)
PUDAX Fund Flows
Monthly money in and out of PGIM Real Assets Fund, from SEC Form N-PORT.
- 12-month net flow: −$38.4M
- 12-month gross sales (incl. reinvestments): $28.3M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $280K | $6.5M | −$6.2M |
| Jun 2026 | $931K | $3.2M | −$2.3M |
| May 2026 | $1.3M | $1.6M | −$231K |
| Apr 2026 | $3.8M | $1.7M | $2.1M |
| Mar 2026 | $2.6M | $39.5M | −$36.9M |
| Feb 2026 | $1.7M | $1.8M | −$131K |
| Jan 2026 | $1.7M | $1.4M | $352K |
| Dec 2025 | $6.6M | $1.6M | $5.0M |
| Nov 2025 | $5.2M | $2.3M | $2.9M |
| Oct 2025 | $1.5M | $1.4M | $80K |
| Sep 2025 | $1.1M | $1.7M | −$580K |
| Aug 2025 | $1.5M | $4.0M | −$2.5M |
PUDAX Assets Under Management
Net assets of PGIM Real Assets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $40.26M |
| 2026-04-30 | $50.60M |
| 2026-01-30 | $80.63M |
| 2025-10-31 | $71.78M |
| 2025-07-31 | $71.45M |
| 2025-04-30 | $84.00M |
| 2025-01-31 | $80.56M |
| 2024-10-31 | $82.78M |
| 2024-07-31 | $84.53M |
| 2024-04-30 | $84.40M |
| 2024-01-31 | $97.14M |
| 2023-10-31 | $101.78M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.