PBSMX

About PBSMX

PGIM Short-Term Corporate Bond Fund Class A is an open-end mutual fund focused on investment‑grade corporate fixed income. Its primary objective is to provide high current income while preserving principal, achieved by investing at least 80% of assets in bonds issued by corporations and typically maintaining an effective duration of less than three years, which helps limit interest‑rate sensitivity relative to longer‑maturity peers. The portfolio spans a broad mix of sectors, including financials, healthcare, industrials, and securitized credit, with hundreds of holdings to diversify issuer and sector risk. Positioned in the short‑term bond category with medium credit quality and limited interest‑rate sensitivity, the fund seeks to balance income generation with lower volatility characteristics common to short-duration strategies. It offers a front‑load share class structure, a stated expense ratio near seven‑tenths of a percent, and a minimum initial investment designed for broad accessibility. Regular monthly distributions reflect the fund’s income focus, while the strategy’s short effective duration and investment‑grade tilt define its role as a core short‑maturity corporate bond allocation within diversified fixed‑income portfolios.