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Prudential Short-Term Corporate Bond Fund Class Z (PIFZX)

11.16
Net Asset Value
+0.09%
1 Day
-0.53%
Year-to-Date
Overall Morningstar Rating
Short-term bond
Style or Category
No Load
Sales Expenses
0.53%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income consistent with the preservation of principal. The fund invests at least 80% of its investable assets in bonds of corporations with varying maturities. The effective duration of the fund's portfolio will generally be less than three years. It may invest in mortgage-related securities and asset-backed securities. 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. The fund may invest up to 20% of the fund's investable assets in below investment-grade debt obligations.

Performance

1 month+0.23% 3 years+1.90%
3 months-0.37% 5 years+2.70%
1 year+1.13% Since inception+4.84%
Data through --

Peer Comparisonvs. Short-term bond

 PIFZXCategory
Performance 5-yr return+2.70%+1.87%
Expense ratio0.53%0.85%
Risk 5 year sharpe ratio1.531.28
Net assets$9.2B$2.1B
Average market cap--$65.6B
Average P/E--18.7
Portfolio turnover54%54%

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Fund Management and Purchase Info

Fund familyPrudential Investments
Fund manager & tenureSteven Kellner / 15 Years
Minimal initial investment$5,000,000.00
Minimum IRA investment--

Holdings

Fixed income91.00%
Cash8.76%
Other0.24%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 6.86%
-- 2.69%
-- 1.74%
-- 0.81%
-- 0.79%
-- 0.73%
-- 0.66%
-- 0.62%
-- 0.59%
-- 0.57%