Morningstar

PGIM Short-Term Corporate Bond Fund- Class R2 PIFEX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.59  /  +0.38 %
  • Fund Size $7.8B
  • Adjusted Expense Ratio 0.880%
  • Net Expense Ratio 0.880%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.79%
  • Average Effective Duration 2.70 yrs
NAV and 1-Day Return as of

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.

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Portfolio Holdings PIFEX

More PIFEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.375%

1.37 106M
Government

ICG US CLO 2020-1 Ltd. 4.82921%

0.75 59M
Securitized

Salesforce Inc. 4.9%

0.64 50M
Corporate

Bank of Nova Scotia 3.625%

0.64 50M
Corporate

Trimaran Cavu 2019-1 Ltd / LLC 4.91921%

0.58 45M
Securitized

Jacobs Engineering Group Inc. 6.35%

0.57 44M
Corporate

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

0.56 44M
Corporate

Prudential Govt Money Mkt Fd

0.55 43M
Cash and Equivalents

Var Energi ASA 7.5%

0.53 41M
Corporate

LPL Holdings Inc. 6.75%

0.52 40M
Corporate

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