PIFGX

About PIFGX

PGIM Short-Term Corporate Bond Fund - Class R4 is an open-end mutual fund focused on investment-grade corporate debt with a short duration profile. Its primary objective is to deliver high current income while emphasizing preservation of principal, typically maintaining an effective duration of less than three years to help manage interest rate sensitivity. The portfolio allocates at least 80% of assets to bonds issued by corporations, spanning sectors such as financials, consumer, industrials, utilities, and select securitized exposures, providing diversified credit exposure across hundreds of holdings. Managed by PGIM’s fixed income team, the fund employs rigorous credit research to balance yield generation with quality and liquidity considerations. It distributes income monthly and is designed to serve as a core short-term bond allocation within a broader fixed income strategy, offering a potential buffer against rate volatility relative to longer-duration bond funds. Established in 2017, the Class R4 share class offers institutional-style access with a competitive operating structure suitable for retirement plans and intermediaries. The fund’s role in the market centers on delivering consistent income and capital stability through disciplined exposure to short-maturity, investment-grade corporate credit.