PGIM Short-Term Corporate Bond Z (PIFZX)
| Fund Assets | 8.45B |
| Expense Ratio | 0.47% |
| Min. Investment | $5,000,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.92% |
| Dividend Growth | 6.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.88 |
| YTD Return | 3.21% |
| 1-Year Return | 3.29% |
| 5-Year Return | 7.46% |
| 52-Week Low | 10.56 |
| 52-Week High | 10.88 |
| Beta (5Y) | n/a |
| Holdings | 627 |
| Inception Date | Dec 16, 1996 |
About PIFZX
PGIM Short-Term Corporate Bond Fund – Class Z is an actively managed mutual fund focused on generating high current income while emphasizing preservation of principal. According to the adviser, it invests at least 80% of assets in investment‑grade corporate bonds and maintains a short interest‑rate profile, placing it within the short-term bond category. The portfolio concentrates on high-quality issuers across sectors such as financials, consumer, industrials, and securitized credit, with effective duration typically around the low‑to‑mid two‑year range to limit interest‑rate sensitivity. The fund’s institutional share class features a competitive expense structure relative to peers, reflecting its role as a core short-duration corporate allocation for income-oriented investors seeking modest volatility. Recent disclosures show the fund predominantly holds corporate notes complemented by select securitized positions and cash for liquidity management. By targeting investment-grade corporate credit with limited duration, PGIM Short-Term Corporate Bond Fund – Class Z aims to provide a steady income stream and a defensive stance against rate fluctuations within the broader fixed income market.
Performance
PIFZX had a total return of 3.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.81%.
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 | $0.03758 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03761 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03621 | Jun 30, 2025 |
| May 30, 2025 | $0.03674 | May 30, 2025 |
| Apr 30, 2025 | $0.0347 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03552 | Mar 31, 2025 |