PGIM Short-Term Corporate Bond R4 (PIFGX)
| Fund Assets | 8.45B |
| Expense Ratio | 0.63% |
| Min. Investment | $0.00 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.76% |
| Dividend Growth | 7.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.86 |
| YTD Return | 2.98% |
| 1-Year Return | 3.02% |
| 5-Year Return | 7.28% |
| 52-Week Low | 10.58 |
| 52-Week High | 10.90 |
| Beta (5Y) | n/a |
| Holdings | 627 |
| Inception Date | Dec 27, 2017 |
About PIFGX
PGIM Short-Term Corporate Bond Fund - Class R4 is an open-end mutual fund focused on investment-grade corporate debt with a short duration profile. Its primary objective is to deliver high current income while emphasizing preservation of principal, typically maintaining an effective duration of less than three years to help manage interest rate sensitivity. The portfolio allocates at least 80% of assets to bonds issued by corporations, spanning sectors such as financials, consumer, industrials, utilities, and select securitized exposures, providing diversified credit exposure across hundreds of holdings. Managed by PGIM’s fixed income team, the fund employs rigorous credit research to balance yield generation with quality and liquidity considerations. It distributes income monthly and is designed to serve as a core short-term bond allocation within a broader fixed income strategy, offering a potential buffer against rate volatility relative to longer-duration bond funds. Established in 2017, the Class R4 share class offers institutional-style access with a competitive operating structure suitable for retirement plans and intermediaries. The fund’s role in the market centers on delivering consistent income and capital stability through disciplined exposure to short-maturity, investment-grade corporate credit.
Performance
PIFGX had a total return of 3.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.35%.
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 | $0.03616 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0362 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03485 | Jun 30, 2025 |
| May 30, 2025 | $0.03535 | May 30, 2025 |
| Apr 30, 2025 | $0.03335 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03412 | Mar 31, 2025 |