PGIM Short-Term Corporate Bond Fund - Class R2 (PIFEX)
| Fund Assets | 8.36B |
| Expense Ratio | 0.88% |
| Min. Investment | $0.00 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.64% |
| Dividend Growth | 6.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 10.79 |
| YTD Return | -0.24% |
| 1-Year Return | 4.06% |
| 5-Year Return | 8.93% |
| 52-Week Low | 10.61 |
| 52-Week High | 10.94 |
| Beta (5Y) | n/a |
| Holdings | 656 |
| 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 4.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.34%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.03409 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03021 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03346 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0333 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0323 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0338 | Oct 31, 2025 |