PIFEX

About PIFEX

PGIM Short-Term Corporate Bond Fund – Class R2 is an actively managed mutual fund focused on investment-grade corporate bonds with shorter maturities. Its primary objective is to provide income and capital preservation by emphasizing short-duration credit, which typically reduces sensitivity to interest-rate movements compared with intermediate- or long-term bond strategies. The portfolio invests across a broad range of high-quality corporate issuers, balancing sector exposure among financials, industrials, and utilities while maintaining tight risk controls around duration and credit quality. Managed by PGIM, the fund leverages a large fixed income research platform to evaluate issuer fundamentals, relative value, and liquidity across primary and secondary markets. The strategy’s short-term orientation positions it as a core satellite within fixed income allocations for investors seeking corporate credit exposure with moderated volatility and incremental yield over government securities. It plays a role in cash management and liability-aware portfolios, aiming to dampen drawdowns during rate shifts while participating in credit carry. Class R2 shares are designed for retirement plan platforms and typically feature plan-level fee structures and recordkeeping arrangements.