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PGIM Short-Term Corporate Bond C (PIFCX)

10.67 0.00 (0.00%)
At close: 8:00 PM EDT

Fund Summary

The fund invests, under normal circumstances, at least 80% of its investable assets in bonds of corporations with varying maturities. For purposes of this policy, bonds include all fixed income securities, other than preferred stock, and corporations include all private issuers. The effective duration of the fund's portfolio is generally less than three years.

PGIM Short-Term Corporate Bond C

Newark, NJ 07102
Gateway Center Three, 4th Floor,100 Mulberry Street

Fund Overview

Category Short-Term Bond
Fund Family PGIM Investments
Net Assets 8.62B
YTD Return 4.66%
Yield 2.74%
Morningstar Rating
Inception Date Dec 27, 2017

Fund Operations

Last Dividend 0.22
Last Cap Gain -12.00
Holdings Turnover 35.00%
Average for Category --

Fees & Expenses

Expense PIFCX Category Average
Annual Report Expense Ratio (net) 1.48% 0.68%
Prospectus Net Expense Ratio 1.48% --
Prospectus Gross Expense Ratio 1.50% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.12%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Danielle Navarro, CFA, is a Vice President and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team. Ms. Navarro focuses on the corporate multi-sector sleeves and short/intermediate strategies. She also assists in trading credit derivatives for the firm. Previously, Ms. Navarro was a member of the Portfolio Analysis Group supporting the investment grade corporate desk. She joined the Firm in 2008. Ms. Navarro received a BA in Economics & Mathematics from Emory University and a MA in Statistics from Columbia University. She holds the Chartered Financial Analyst (CFA) designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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