PGIM Short-Term Corporate Bond R2 (PIFEX)

Fund Assets	8.06B
Expense Ratio	0.88%
Min. Investment	$0.00
Turnover	50.00%
Dividend (ttm)	0.40
Dividend Yield	3.70%
Dividend Growth	4.99%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.74
YTD Return	0.77%
1-Year Return	2.69%
5-Year Return	9.37%
52-Week Low	10.70
52-Week High	10.94
Beta (5Y)	0.13
Holdings	677
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.

• Fund Family: PGIM
• Category: Short-Term Bond
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PIFEX
• Share Class: R2
• Index: Bloomberg 1-5 Y Credit TR

Performance

PIFEX had a total return of 2.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.35%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PSTQX	Class R6	0.38%
PIFZX	Class Z	0.47%
PIFGX	R4	0.63%
PBSMX	Class A	0.71%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03396	Jul 31, 2026
Jun 30, 2026	$0.03245	Jun 30, 2026
May 29, 2026	$0.03468	May 29, 2026
Apr 30, 2026	$0.033	Apr 30, 2026
Mar 31, 2026	$0.03409	Mar 31, 2026
Feb 27, 2026	$0.03021	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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