PGIM Short-Term Corporate Bond B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.2%
1 yr return
1.9%
3 Yr Avg Return
0.5%
5 Yr Avg Return
0.2%
Net Assets
$11.4 B
Holdings in Top 10
6.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.78%
SALES FEES
Front Load N/A
Deferred Load 3.00%
TRADING FEES
Turnover 60.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PSMBX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.41%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM Short-Term Corporate Bond Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateDec 09, 1992
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSteven Kellner
Fund Description
PSMBX - Performance
Return Ranking - Trailing
Period | PSMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -9.0% | 5.7% | 25.41% |
1 Yr | 1.9% | -10.8% | 4.6% | 17.24% |
3 Yr | 0.5%* | -4.2% | 2.3% | 27.63% |
5 Yr | 0.2%* | -19.7% | 2.2% | 45.99% |
10 Yr | -0.2%* | -10.4% | 3.8% | 62.77% |
* Annualized
Return Ranking - Calendar
Period | PSMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.6% | -6.6% | 5.0% | 4.65% |
2022 | -2.2% | -4.8% | 1.0% | 70.13% |
2021 | -0.5% | -1.4% | 2.8% | 89.12% |
2020 | 0.1% | -65.8% | 7.1% | 74.10% |
2019 | -1.7% | -6.9% | 3.0% | 55.38% |
Total Return Ranking - Trailing
Period | PSMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -9.0% | 5.7% | 25.41% |
1 Yr | 1.9% | -10.8% | 4.6% | 17.24% |
3 Yr | 0.5%* | -3.9% | 3.0% | 37.50% |
5 Yr | 0.2%* | -18.4% | 3.7% | 58.39% |
10 Yr | -0.2%* | -8.7% | 3.8% | 69.15% |
* Annualized
Total Return Ranking - Calendar
Period | PSMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.6% | -6.6% | 5.0% | 6.40% |
2022 | -2.2% | -4.1% | 6.5% | 78.57% |
2021 | -0.5% | -1.4% | 5.9% | 91.16% |
2020 | 0.1% | -65.2% | 10.7% | 77.70% |
2019 | -1.7% | -5.3% | 3.5% | 64.62% |
PSMBX - Holdings
Concentration Analysis
PSMBX | Category Low | Category High | PSMBX % Rank | |
---|---|---|---|---|
Net Assets | 11.4 B | 272 K | 65.6 B | 8.29% |
Number of Holdings | 628 | 3 | 2682 | 30.17% |
Net Assets in Top 10 | 737 M | -3.38 M | 7.39 B | 20.67% |
Weighting of Top 10 | 6.80% | 2.4% | 100.0% | 89.94% |
Top 10 Holdings
- Wells Fargo & Company 2.16% 0.92%
- PALMER SQUARE CLO 2015-1 LTD/LLC 1.59% 0.73%
- Broadcom Inc 3.46% 0.71%
- AbbVie Inc. 2.95% 0.71%
- Ticp Clo Ltd 2.42% 0.66%
- Energy Transfer Operating L P 5.88% 0.65%
- BENCHMARK MORTGAGE TRUST 2.48% 0.63%
- Kraft Heinz Foods Company 3% 0.63%
- Oracle Corporation 2.5% 0.61%
- AT&T Inc 3.4% 0.56%
Asset Allocation
Weighting | Return Low | Return High | PSMBX % Rank | |
---|---|---|---|---|
Bonds | 87.89% | 22.39% | 122.47% | 73.74% |
Cash | 7.39% | -33.34% | 77.61% | 29.05% |
Convertible Bonds | 4.56% | 0.00% | 24.99% | 9.50% |
Preferred Stocks | 0.15% | 0.00% | 51.70% | 5.59% |
Stocks | 0.00% | 0.00% | 7.37% | 50.28% |
Other | 0.00% | -1.74% | 20.06% | 50.28% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PSMBX % Rank | |
---|---|---|---|---|
Corporate | 78.21% | 1.55% | 99.85% | 6.70% |
Securitized | 12.82% | 0.00% | 90.81% | 77.65% |
Cash & Equivalents | 7.72% | 0.02% | 77.61% | 35.20% |
Government | 1.21% | 0.00% | 72.82% | 81.01% |
Municipal | 0.04% | 0.00% | 15.94% | 53.07% |
Derivative | 0.00% | 0.00% | 27.93% | 55.87% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PSMBX % Rank | |
---|---|---|---|---|
US | 68.31% | 0.00% | 98.17% | 70.95% |
Non US | 19.58% | 0.00% | 73.47% | 59.78% |
PSMBX - Expenses
Operational Fees
PSMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.78% | 0.01% | 23.90% | 7.95% |
Management Fee | 0.38% | 0.00% | 1.19% | 55.25% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 87.37% |
Administrative Fee | N/A | 0.01% | 0.41% | N/A |
Sales Fees
PSMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | 3.00% | 1.00% | 5.00% | 13.64% |
Trading Fees
PSMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PSMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 60.00% | 0.00% | 496.37% | 48.30% |
PSMBX - Distributions
Dividend Yield Analysis
PSMBX | Category Low | Category High | PSMBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.04% | 46.41% |
Dividend Distribution Analysis
PSMBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PSMBX | Category Low | Category High | PSMBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.41% | -2.82% | 4.42% | 98.86% |
Capital Gain Distribution Analysis
PSMBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.006 | |
Feb 28, 2019 | $0.008 | |
Jan 31, 2019 | $0.009 | |
Dec 31, 2018 | $0.028 | |
Dec 21, 2018 | $0.001 | |
Nov 30, 2018 | $0.016 | |
Oct 31, 2018 | $0.016 | |
Aug 31, 2018 | $0.011 | |
Jul 31, 2018 | $0.010 | |
Jun 29, 2018 | $0.011 | |
May 31, 2018 | $0.011 | |
Apr 30, 2018 | $0.010 | |
Mar 29, 2018 | $0.011 | |
Feb 28, 2018 | $0.011 | |
Jan 31, 2018 | $0.012 | |
Dec 29, 2017 | $0.013 | |
Dec 22, 2017 | $0.006 | |
Nov 30, 2017 | $0.013 | |
Oct 31, 2017 | $0.013 | |
Sep 29, 2017 | $0.015 | |
Aug 31, 2017 | $0.015 | |
Jul 31, 2017 | $0.014 | |
Jun 30, 2017 | $0.016 | |
May 31, 2017 | $0.015 | |
Apr 28, 2017 | $0.014 | |
Mar 31, 2017 | $0.016 | |
Feb 28, 2017 | $0.014 | |
Jan 31, 2017 | $0.015 | |
Dec 30, 2016 | $0.015 | |
Nov 30, 2016 | $0.014 | |
Oct 31, 2016 | $0.014 | |
Sep 30, 2016 | $0.015 | |
Aug 31, 2016 | $0.015 | |
Jul 29, 2016 | $0.015 | |
Jun 30, 2016 | $0.015 | |
May 31, 2016 | $0.015 | |
Apr 29, 2016 | $0.016 | |
Mar 31, 2016 | $0.016 | |
Feb 29, 2016 | $0.015 | |
Jan 29, 2016 | $0.016 | |
Dec 31, 2015 | $0.016 | |
Nov 30, 2015 | $0.015 | |
Oct 30, 2015 | $0.017 | |
Sep 30, 2015 | $0.016 | |
Aug 31, 2015 | $0.015 | |
Jul 31, 2015 | $0.017 | |
Jun 30, 2015 | $0.017 | |
May 29, 2015 | $0.017 | |
Apr 30, 2015 | $0.017 | |
Mar 31, 2015 | $0.017 | |
Feb 27, 2015 | $0.016 | |
Jan 30, 2015 | $0.018 | |
Dec 31, 2014 | $0.017 | |
Nov 28, 2014 | $0.015 | |
Oct 31, 2014 | $0.018 | |
Sep 30, 2014 | $0.016 | |
Aug 29, 2014 | $0.018 | |
Jul 31, 2014 | $0.018 | |
Jun 30, 2014 | $0.017 | |
May 30, 2014 | $0.019 | |
Apr 30, 2014 | $0.018 | |
Mar 31, 2014 | $0.018 | |
Feb 28, 2014 | $0.018 | |
Jan 31, 2014 | $0.022 | |
Dec 31, 2013 | $0.001 | |
Nov 29, 2013 | $0.021 | |
Oct 31, 2013 | $0.021 | |
Sep 30, 2013 | $0.019 | |
Aug 30, 2013 | $0.022 | |
Jul 31, 2013 | $0.021 | |
Jun 28, 2013 | $0.019 | |
May 31, 2013 | $0.022 | |
Apr 30, 2013 | $0.020 | |
Mar 28, 2013 | $0.021 | |
Feb 28, 2013 | $0.019 | |
Jan 31, 2013 | $0.021 | |
Dec 31, 2012 | $0.019 | |
Dec 21, 2012 | $0.002 | |
Nov 30, 2012 | $0.023 | |
Oct 31, 2012 | $0.023 | |
Sep 28, 2012 | $0.021 | |
Aug 31, 2012 | $0.026 | |
Jul 31, 2012 | $0.024 | |
Jun 29, 2012 | $0.025 | |
May 31, 2012 | $0.026 | |
Apr 30, 2012 | $0.024 | |
Mar 30, 2012 | $0.027 | |
Feb 29, 2012 | $0.025 | |
Jan 31, 2012 | $0.026 | |
Dec 30, 2011 | $0.026 | |
Dec 23, 2011 | $0.003 | |
Nov 30, 2011 | $0.026 | |
Oct 31, 2011 | $0.026 | |
Sep 30, 2011 | $0.028 | |
Aug 31, 2011 | $0.028 | |
Jul 29, 2011 | $0.039 | |
Jun 20, 2011 | $0.028 | |
May 20, 2011 | $0.032 | |
Apr 20, 2011 | $0.032 | |
Mar 18, 2011 | $0.028 | |
Feb 18, 2011 | $0.034 | |
Jan 20, 2011 | $0.021 | |
Dec 31, 2010 | $0.011 | |
Dec 20, 2010 | $0.030 | |
Nov 19, 2010 | $0.032 | |
Oct 20, 2010 | $0.030 | |
Sep 20, 2010 | $0.030 | |
Aug 20, 2010 | $0.033 | |
Jul 20, 2010 | $0.032 | |
Jun 18, 2010 | $0.033 | |
May 20, 2010 | $0.033 | |
Apr 20, 2010 | $0.033 | |
Mar 19, 2010 | $0.031 | |
Feb 19, 2010 | $0.035 |
PSMBX - Fund Manager Analysis
Managers
Steven Kellner
Start Date
Tenure
Tenure Rank
Aug 11, 1999
20.9
20.9%
Steven A. Kellner, CFA, is Managing Director and Head of the Investment Grade Corporate Bond Team at PGIM Fixed Income. He also is the senior portfolio manager for the Corporate Fixed Income Strategy and a portfolio manager for multi-sector strategies. Previously, Mr. Kellner managed US corporate bonds for Prudential Financial’s proprietary fixed income portfolios. He initially joined Prudential Financial in 1986. After completing his MBA in Finance at The Wharton School of the University of Pennsylvania in 1987, Mr. Kellner rejoined the group as a municipal bond analyst. In addition to his MBA, Mr. Kellner received a BCE in Civil Engineering from Villanova University. He holds the Chartered Financial Analyst (CFA) designation.
David Del Vecchio
Start Date
Tenure
Tenure Rank
Dec 31, 2012
7.5
7.5%
David Del Vecchio is a Managing Director and portfolio manager for PGIM Fixed Income’s U.S. Investment Grade Corporate Bond Team. Mr. Del Vecchio’s responsibilities include corporate strategies as well as corporate security selection in multi-sector strategies. Prior to his current role, Mr. Del Vecchio was a taxable money markets portfolio manager for the Money Markets Group, responsible for managing proprietary fixed income accounts, as well as the securities lending portfolios. Prior to joining the Money Markets Group in 2000, he was responsible for the lending/repurchase agreements of U.S. government, agency, and STRIP securities in PGIM Fixed Income’s Securities Lending Group. Mr. Del Vecchio joined the Firm in 1995. He received a BS in Business Administration with a specialization in Finance from The College of New Jersey, and an MBA in Finance from New York University.
Matthew Csontos
Start Date
Tenure
Tenure Rank
Apr 25, 2019
1.18
1.2%
Matthew Csontos is an Associate and portfolio manager for PGIM Fixed Income's U. S. Investment Grade Corporate Bond Team. His primary responsibilities include management and investment of intermediate and short corporate strategies and corporate security selection in multi-sector strategies. Prior to his current role, Mr. Csontos supported management and investment of the investment grade corporate portfolios within the General Account. From 2012 to 2015, Mr. Csontos was an Investment Analyst in Credit Research supporting senior credit analysts in the investment grade TMT and Energy sectors as well as leading coverage of the investment grade Semiconductor sector. Prior to joining PGIM Fixed Income in 2012, he held a Summer Analyst role in the credit research group at Morgan Stanley Investment Management. Mr. Csontos received a BA in Economics from Virginia Tech.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 27.02 | 5.59 | 0.67 |