JDTRX

About JDTRX

PGIM Short-Term Corporate Bond Fund Class R is an open-end mutual fund focused on investment-grade corporate debt with a **short effective duration**, generally kept under three years to help moderate interest-rate sensitivity. The fund normally invests at least 80% of investable assets in bonds issued by corporations, spanning varied maturities and sectors across the U.S. credit market. It pays **monthly income distributions**, reflecting its bond-focused strategy, and maintains a diversified portfolio with hundreds of holdings to spread issuer and sector risk. Positioned within the short-term bond category, it aims to provide current income and capital preservation characteristics relative to longer-duration credit funds, balancing credit exposure with limited rate risk. The strategy is supported by a sizable asset base and ongoing portfolio turnover to manage credit opportunities and duration profile over time. Morningstar notes the fund within its short-term bond peer group framework, emphasizing the category’s lower rate sensitivity compared with intermediate or long-duration portfolios. Overall, PGIM Short-Term Corporate Bond Fund Class R serves as a core short-duration credit allocation for investors seeking diversified, investment-grade corporate bond exposure with controlled duration risk.