PGIM Short-Term Corporate Bond R2 (PIFEX)
| Fund Assets | 8.47B |
| Expense Ratio | 0.88% |
| Min. Investment | $0.00 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.54% |
| Dividend Growth | 7.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.88 |
| YTD Return | 2.94% |
| 1-Year Return | 2.99% |
| 5-Year Return | 6.44% |
| 52-Week Low | 10.58 |
| 52-Week High | 10.91 |
| Beta (5Y) | n/a |
| Holdings | 629 |
| Inception Date | Dec 27, 2017 |
About PIFEX
PGIM Short-Term Corporate Bond Fund – Class R2 is an actively managed mutual fund focused on investment-grade corporate bonds with shorter maturities. Its primary objective is to provide income and capital preservation by emphasizing short-duration credit, which typically reduces sensitivity to interest-rate movements compared with intermediate- or long-term bond strategies. The portfolio invests across a broad range of high-quality corporate issuers, balancing sector exposure among financials, industrials, and utilities while maintaining tight risk controls around duration and credit quality. Managed by PGIM, the fund leverages a large fixed income research platform to evaluate issuer fundamentals, relative value, and liquidity across primary and secondary markets. The strategy’s short-term orientation positions it as a core satellite within fixed income allocations for investors seeking corporate credit exposure with moderated volatility and incremental yield over government securities. It plays a role in cash management and liability-aware portfolios, aiming to dampen drawdowns during rate shifts while participating in credit carry. Class R2 shares are designed for retirement plan platforms and typically feature plan-level fee structures and recordkeeping arrangements.
Performance
PIFEX had a total return of 2.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.10%.
Top 10 Holdings
7.98% of assets| Name | Symbol | Weight |
|---|---|---|
| Prudential Govt Money Mkt Fd | n/a | 2.09% |
| 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 | 0.70% |
| 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% |
| Hps Ln Mgmt 10-2016 Ltd / Hps Ln Mgm FRN 5.44549% | n/a | 0.60% |
| Dupont De Nemours Inc 4.725% | DD.4.725 11.15.28 | 0.60% |
| JPMorgan Chase & Co. 1.578% | JPM.V1.578 04.22.27 | 0.60% |
| LCM 39 Ltd / LCM 39 LLC 5.65755% | n/a | 0.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03267 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03387 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03392 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03264 | Jun 30, 2025 |
| May 30, 2025 | $0.03308 | May 30, 2025 |
| Apr 30, 2025 | $0.03116 | Apr 30, 2025 |