PGIM Short-Term Corporate Bond Fund
Prudential Short-Term Corporate Bond Fund, Inc. · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
PGIM Short-Term Corporate Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the Fund is high current income consistent with the preservation of principal.
The fund invests at least 80% of its assets in corporate bonds of varying maturities, with a portfolio duration generally under three years, and may allocate up to 20% to below-investment-grade debt and up to 35% to dollar-denominated obligations issued by foreign corporations and governments. A subadviser manages day-to-day decisions using fundamental credit research combined with top-down economic analysis and quantitative models to identify securities offering attractive total return, yield, and credit quality. Because the fund's returns depend on the subadviser's security selection and credit analysis, performance will diverge from any broad bond index.
| Share class | Gross | Net |
|---|---|---|
| PBSMX | 0.72% | 0.71% |
| PIFCX | 1.50% | 1.49% |
| PIFZX | 0.50% | 0.47% |
| JDTRX | 1.31% | 1.05% |
| PSTQX | 0.40% | 0.38% |
| PIFEX | 1.64% | 0.88% |
| PIFGX | 1.05% | 0.63% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 50.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 93.60% |
| Securitized | 6.14% |
| Cash & short-term | 3.15% |
| Stocks | 0.05% |
| Derivatives | -0.10% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 21.4% |
| Other | 20.5% |
| International | 14.9% |
| Utilities | 6.6% |
| 12 smaller | 36.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×2, MEDLINE BORROWER LP, FIFTH THIRD BANCORP, GOLDMAN SACHS GROUP INC (THE), NVIDIA CORP, JEFFERIES FINANCIAL GROUP INC, RIO GRANDE LNG LLC
Largest exited: United States Treasury Notes ×2, Amazon.com, Inc., FIFTH THIRD FINANCIAL CORP, Bunge Ltd Finance Corp., DT Midstream Inc, Alphabet Inc., Honeywell Aerospace Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.37% | +16.29% | +11.04% | 1.72% | -0.96% | |
| +3.56% | +13.70% | +6.92% | 1.72% | -1.03% | |
| +4.52% | +17.10% | +12.25% | 1.84% | -1.03% | |
| +4.02% | +15.13% | +9.16% | 1.72% | -0.99% | |
| +4.73% | +17.48% | +12.87% | 1.77% | -1.02% | |
| +4.18% | +15.72% | +10.06% | 1.76% | -1.06% | |
| +4.43% | +16.59% | +11.55% | 1.77% | -1.04% |
These classes hold the same portfolio, so the 5.95pp spread over 5 years is the cost difference between them — roughly 1.19pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 93.1% |
| Floating rate | 6.8% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 7.3% |
| 1-3y | 35.5% |
| 3-5y | 28.6% |
| 5-10y | 15.8% |
| 10y+ | 9.8% |
| Unknown | 3.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 52% |
| Credit spreads | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.71 yr |
| High yield | +0.08 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.97 yr | 32% |
| 5 yr | 1.74 yr | 57% |
| 10 yr | 0.19 yr | 6% |
| 30 yr | 0.10 yr | 3% |
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.92 yr | 33% |
| 5 yr | 1.73 yr | 62% |
| 10 yr | 0.09 yr | 3% |
| 30 yr | 0.02 yr | 1% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.03 | +0.00 | $24.6k | $2.7k |
| 1 yr | +0.97 | +0.89 | +0.02 | $722.8k | $18.6k |
| 5 yr | +1.74 | +1.68 | +0.05 | $1.36m | $40.7k |
| 10 yr | +0.19 | +0.09 | +0.00 | $72.3k | $486 |
| 30 yr | +0.10 | +0.02 | +0.00 | $12.9k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.38% · due 2028-02-29 | 2.82% | $228.05M | — |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 2.41% | $195.39M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2028-03-31 | 0.98% | $79.61M | — |
| — | BANK OF AMERICA CORP1.73% · due 2027-07-22 | 0.78% | $63.40M | — |
| — | (PIPA070) PGIM Core Government Money Market Fund | 0.74% | $59.87M | — |
| — | ICG US CLO 2020-1 LTD4.78% floating · due 2035-01-22 | 0.73% | $58.80M | — |
| — | SALESFORCE INC4.90% · due 2031-09-15 | 0.64% | $51.76M | — |
| — | FORD MOTOR CREDIT COMPANY LLC2.70% · due 2026-08-10 | 0.61% | $49.33M | — |
| — | BANK OF NOVA SCOTIA (THE)3.63% · due 2081-10-27 | 0.61% | $49.06M | — |
| — | GOLDMAN SACHS GROUP INC (THE)1.54% · due 2027-09-10 | 0.59% | $48.14M | — |
Top 10 positions are 10.92% of net assets, top 25 18.37%, across 397 issuers.
See more of this fund's book
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