Prudential Short-Term Corporate Bond Fund Class Z (PIFZX)
| 11.35 Net Asset Value | -0.09% 1 Day | -0.09% Year-to-Date | Overall Morningstar Rating |
| Short-term bond Style or Category | No Load Sales Expenses | 0.51% 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 | -0.03% | 3 years | +2.80% | |
| 3 months | +0.46% | 5 years | +4.12% | |
| 1 year | +2.93% | Since inception | +5.07% |
Data through --
Peer Comparisonvs. Short-term bond
| PIFZX | Category | |
|---|---|---|
| Performance 5-yr return | +4.12% | +3.21% |
| Expense ratio | 0.51% | 0.87% |
| Risk 5 year sharpe ratio | 2.04 | 1.80 |
| Net assets | $9.7B | $2.2B |
| Average market cap | -- | $30.7B |
| Average P/E | -- | 16.9 |
| Portfolio turnover | 65% | 65% |
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Fund Management and Purchase Info
| Fund family | Prudential Investments |
| Fund manager & tenure | Steven Kellner / 14 Years |
| Minimal initial investment | $0.00 |
| Minimum IRA investment | -- |
Holdings
| Fixed income | 91.72% |
| Cash | 8.24% |
| Other | 0.04% |
| U.S. stock | 0.00% |
| International stock | 0.00% |
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| -- NYSE/Liffe 2 Year US Treasury Note Future Sept14 | 8.75% |
| -- 5 Year US Treasury Note Future Sept14 | 3.24% |
| -- NYSE/Liffe 10 Year US Treasury Note Future Sept14 | 2.92% |
| -- Citigroup 3.953% | 0.95% |
| -- Verizon Comms 3.65% | 0.65% |
| -- Jpmorgan Chase 6.3% | 0.62% |
| -- Goldman Sachs Grp 2.375% | 0.57% |
| -- Anadarko Pete 6.375% | 0.57% |
| -- Bk Of Amer Corporation 6% | 0.55% |
| -- Ford Motor Credit Co 5% | 0.52% |
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