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Trending ETFs

Name

As of 06/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.47

$8.87 B

3.66%

$0.38

0.73%

Vitals

YTD Return

1.8%

1 yr return

6.1%

3 Yr Avg Return

0.2%

5 Yr Avg Return

1.5%

Net Assets

$8.87 B

Holdings in Top 10

8.0%

52 WEEK LOW AND HIGH

$10.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.47

$8.87 B

3.66%

$0.38

0.73%

PBSMX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM SHORT-TERM CORPORATE BOND FUND
  • Fund Family Name
    Prudential
  • Inception Date
    Jun 17, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Del Vecchio

Fund Description

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. The term “investable assets” refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.The Fund may invest in mortgage-related securities and asset-backed securities (including collateralized debt obligations and collateralized loan obligations).Some (but not all) of the U.S. Government securities and mortgage-related securities in which the Fund may invest are backed by the full faith and credit of the U.S. Government, which means that payment of interest and principal is guaranteed, but yield and market value are not. These securities include, but are not limited to, direct obligations issued by the U.S. Treasury, and obligations of certain entities that may be chartered or sponsored by Acts of Congress, such as the Government National Mortgage Association (“GNMA” or “Ginnie Mae”). Securities issued by other government entities that may be chartered or sponsored by Acts of Congress, in which the Fund may invest, are not backed by the full faith and credit of the United States and must rely on their own resources to repay the debt. These securities include, but are not limited to, obligations of the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”), the Federal National Mortgage Association (“FNMA” or “Fannie Mae”) and the Student Loan Marketing Association (“SLMA” or “Sallie Mae”), each of which has the right to borrow from the U.S. Treasury to meet its obligations.The subadviser may invest up to 20% of the Fund's investable assets in speculative, below investment-grade debt obligations (rated BB or lower by S&P Global Ratings (“S&P”), Ba or lower by Moody's Investors Service, Inc. (“Moody’s”) or the equivalent by another major rating service), which are also known as high-yield debt securities or junk bonds. The Fund may also invest in unrated debt obligations that it determines are of comparable quality to the rated debt obligations that are permissible investments. In the event that a security receives different ratings from different nationally recognized statistical rating organizations (“NRSROs”), the Fund will treat the security as being rated in the highest rating category received from an NRSRO.Up to 35% of the Fund's investable assets may be invested in dollar-denominated obligations issued in the U.S. by foreign corporations and governments (Yankee obligations). The subadviser may also invest up to 20% of the Fund's investable assets in debt obligations issued by the U.S. Government and government-related entities.The Fund may use derivatives to manage its duration, as well as to manage interest rate risk, to hedge against losses, and to try to improve returns.The Fund buys and sells securities to take advantage of investment opportunities based on the subadviser's fundamental credit research, as well as analysis of market conditions, interest rates and general economic factors.In managing the Fund’s assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook are determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security.
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PBSMX - Performance

Return Ranking - Trailing

Period PBSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.1% 12.9% 52.24%
1 Yr 6.1% 1.1% 23.7% 26.36%
3 Yr 0.2%* -6.1% 4.4% 66.35%
5 Yr 1.5%* -4.1% 4.7% 48.16%
10 Yr 1.7%* -19.3% 169.9% 33.24%

* Annualized

Return Ranking - Calendar

Period PBSMX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -1.6% 7.6% 10.30%
2022 -8.9% -17.7% -2.6% 82.29%
2021 -2.5% -4.0% 4.4% 90.55%
2020 2.8% -7.1% 7.6% 22.33%
2019 3.7% -2.3% 9.3% 7.48%

Total Return Ranking - Trailing

Period PBSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.1% 12.9% 52.24%
1 Yr 6.1% 1.1% 23.7% 26.36%
3 Yr 0.2%* -6.1% 4.4% 66.35%
5 Yr 1.5%* -4.1% 4.7% 48.16%
10 Yr 1.7%* -19.3% 169.9% 33.24%

* Annualized

Total Return Ranking - Calendar

Period PBSMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% 1.8% 15.2% 16.10%
2022 -6.5% -17.3% -1.3% 82.48%
2021 -0.4% -2.7% 7.7% 63.78%
2020 5.3% -2.4% 14.5% 22.94%
2019 6.5% 0.6% 12.6% 10.81%

NAV & Total Return History


PBSMX - Holdings

Concentration Analysis

PBSMX Category Low Category High PBSMX % Rank
Net Assets 8.87 B 14.5 K 57.3 B 13.62%
Number of Holdings 557 2 9251 41.98%
Net Assets in Top 10 704 M 993 K 6.33 B 32.28%
Weighting of Top 10 7.99% 2.1% 103.0% 94.40%

Top 10 Holdings

  1. PGIM Institutional Money Market Fund - D 1.21%
  2. Bank of America Corp 0.98%
  3. Citigroup Inc 0.85%
  4. Goldman Sachs Group Inc/The 0.75%
  5. UnitedHealth Group Inc 0.73%
  6. Atlas Senior Loan Fund VII Ltd 0.70%
  7. Benchmark 2020-IG3 Mortgage Trust 0.70%
  8. CIFC Funding 2017-II Ltd 0.69%
  9. Bank of America Corp 0.69%
  10. JPMorgan Chase Co 0.68%

Asset Allocation

Weighting Return Low Return High PBSMX % Rank
Bonds
98.27% 0.00% 131.18% 13.06%
Convertible Bonds
5.13% 0.00% 27.71% 13.83%
Cash
1.61% -20.59% 55.85% 64.55%
Other
0.44% -0.97% 69.02% 71.64%
Preferred Stocks
0.04% 0.00% 22.27% 11.19%
Stocks
0.00% 0.00% 99.97% 66.79%

Bond Sector Breakdown

Weighting Return Low Return High PBSMX % Rank
Corporate
81.84% 0.00% 100.00% 6.17%
Securitized
14.41% 0.00% 97.27% 81.50%
Cash & Equivalents
1.61% 0.00% 55.85% 59.33%
Government
0.63% 0.00% 73.63% 92.90%
Derivative
0.18% -0.33% 28.01% 12.31%
Municipal
0.00% 0.00% 17.46% 80.00%

Bond Geographic Breakdown

Weighting Return Low Return High PBSMX % Rank
US
98.11% 0.00% 130.36% 10.07%
Non US
0.16% 0.00% 82.77% 18.28%

PBSMX - Expenses

Operational Fees

PBSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 3.24% 44.38%
Management Fee 0.38% 0.00% 1.19% 72.39%
12b-1 Fee 0.25% 0.00% 1.00% 45.65%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

PBSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 5.75% 56.58%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

PBSMX 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.

PBSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 2.00% 500.00% 13.83%

PBSMX - Distributions

Dividend Yield Analysis

PBSMX Category Low Category High PBSMX % Rank
Dividend Yield 3.66% 0.00% 11.11% 66.79%

Dividend Distribution Analysis

PBSMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PBSMX Category Low Category High PBSMX % Rank
Net Income Ratio 1.46% -1.27% 4.98% 33.97%

Capital Gain Distribution Analysis

PBSMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PBSMX - Fund Manager Analysis

Managers

David Del Vecchio


Start Date

Tenure

Tenure Rank

Dec 31, 2012

9.42

9.4%

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

3.1

3.1%

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.

Danielle Navarro


Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41