PGIM Short-Term Corporate Bond A (PBSMX)
| Fund Assets | 8.45B |
| Expense Ratio | 0.71% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.60% |
| Dividend Growth | 7.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.85 |
| YTD Return | 3.07% |
| 1-Year Return | 3.26% |
| 5-Year Return | 6.40% |
| 52-Week Low | 10.54 |
| 52-Week High | 10.85 |
| Beta (5Y) | 0.12 |
| Holdings | 627 |
| Inception Date | Sep 1, 1989 |
About PBSMX
PGIM Short-Term Corporate Bond Fund Class A is an open-end mutual fund focused on investment‑grade corporate fixed income. Its primary objective is to provide high current income while preserving principal, achieved by investing at least 80% of assets in bonds issued by corporations and typically maintaining an effective duration of less than three years, which helps limit interest‑rate sensitivity relative to longer‑maturity peers. The portfolio spans a broad mix of sectors, including financials, healthcare, industrials, and securitized credit, with hundreds of holdings to diversify issuer and sector risk. Positioned in the short‑term bond category with medium credit quality and limited interest‑rate sensitivity, the fund seeks to balance income generation with lower volatility characteristics common to short-duration strategies. It offers a front‑load share class structure, a stated expense ratio near seven‑tenths of a percent, and a minimum initial investment designed for broad accessibility. Regular monthly distributions reflect the fund’s income focus, while the strategy’s short effective duration and investment‑grade tilt define its role as a core short‑maturity corporate bond allocation within diversified fixed‑income portfolios.
Performance
PBSMX had a total return of 3.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.30%.
Top 10 Holdings
8.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Prudential Govt Money Mkt Fd | n/a | 2.65% |
| Bank of America Corp. 1.734% | BAC.V1.734 07.22.27 | 0.74% |
| Crown City Clo I 5.7771% | CCITY.2020-1A A1AR | 0.72% |
| ICG US CLO 2020-1 Ltd. 5.42549% | ICG.2020-1A ARR | 0.71% |
| Ford Motor Credit Company LLC 2.7% | F.2.7 08.10.26 | 0.69% |
| Wells Fargo & Co. 5.198% | WFC.V5.198 01.23.30 | 0.67% |
| Goldman Sachs Group, Inc. 1.431% | GS.V1.431 03.09.27 | 0.66% |
| Hps Ln Mgmt 10-2016 Ltd / Hps Ln Mgm FRN 5.44549% | HLM.10A-16 A1R3 | 0.60% |
| JPMorgan Chase & Co. 1.578% | JPM.V1.578 04.22.27 | 0.59% |
| Dupont De Nemours Inc 4.725% | DD.4.725 11.15.28 | 0.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03525 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03529 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03395 | Jun 30, 2025 |
| May 30, 2025 | $0.03441 | May 30, 2025 |
| Apr 30, 2025 | $0.03245 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03321 | Mar 31, 2025 |