Morningstar

PGIM Short-Term Corporate Bond Fund- Class R2 PIFEX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 10.75  /  −0.09 %
  • Total Assets 8.1B
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.69%
  • Effective Duration 2.71 years

USD | NAV as of Jul 20, 2026 | 1-Day Return as of Jul 20, 2026, 10:48 PM GMT+0

Morningstar’s Analysis PIFEX

Will PIFEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIFEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PIFEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PIFEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

PGIM Short-Term Corporate Bond R2 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PIFEX

More PIFEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.375%

2.80 228M
Government

United States Treasury Notes 3.875%

0.98 80M
Government

Bank of America Corp. 1.734%

0.78 63M
Corporate

Prudential Govt Money Mkt Fd

0.73 60M
Cash and Equivalents

ICG US CLO 2020-1 Ltd. 4.77523%

0.72 59M
Securitized

Salesforce Inc. 4.9%

0.64 52M
Corporate

Ford Motor Credit Company LLC 2.7%

0.61 49M
Cash and Equivalents

Bank of Nova Scotia 3.625%

0.60 49M
Corporate

Goldman Sachs Group, Inc. 1.542%

0.59 48M
Corporate

Skymiles IP Ltd. & Delta Air Lines Inc. 4.75%

0.56 45M
Corporate

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