PGIM Short-Term Corporate Bond Fund (PBSMX)
The investment seeks high current income consistent with the preservation of principal. The fund invests, under normal circumstances, at least 80% of its investable assets in bonds of corporations with varying maturities. For purposes of this policy, bonds include all fixed income securities, other than preferred stock, and corporations include all private issuers. The effective duration of the fund's portfolio is generally less than three years.
Fund Info
US74441R1023
74441R102
Sep 1, 1989
$1,000
Expense Ratio
PBSMX features an expense ratio of 0.71%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Short-Term Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Short-Term Corporate Bond Fund had a return of 4.13% year-to-date (YTD) and 4.95% in the last 12 months. Over the past 10 years, PGIM Short-Term Corporate Bond Fund had an annualized return of 2.03%, while the S&P 500 had an annualized return of 11.01%, indicating that PGIM Short-Term Corporate Bond Fund did not perform as well as the benchmark.
PBSMX
4.13%
-0.19%
2.58%
4.95%
1.70%
2.03%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of PBSMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.49% | -0.49% | 0.69% | -0.76% | 1.08% | 0.59% | 1.55% | 1.06% | 0.95% | -0.81% | 0.28% | 4.13% | |
| 2023 | 1.82% | -1.22% | 1.45% | 0.65% | -0.41% | -0.32% | 0.67% | 0.20% | -0.50% | -0.09% | 2.28% | 1.96% | 6.62% |
| 2022 | -1.36% | -0.86% | -1.86% | -1.52% | 0.47% | -1.53% | 1.37% | -1.13% | -2.21% | -0.27% | 1.84% | 0.25% | -6.70% |
| 2021 | -0.01% | -0.29% | -0.37% | 0.44% | 0.35% | -0.11% | 0.35% | -0.02% | -0.20% | -0.56% | -0.29% | 0.17% | -0.54% |
| 2020 | 0.85% | 0.56% | -5.12% | 3.32% | 1.86% | 1.19% | 1.08% | 0.35% | -0.27% | 0.17% | 0.78% | 0.51% | 5.16% |
| 2019 | 1.07% | 0.30% | 1.06% | 0.31% | 0.70% | 0.94% | 0.04% | 1.05% | -0.07% | 0.49% | 0.04% | 0.38% | 6.47% |
| 2018 | -0.44% | -0.37% | 0.03% | -0.18% | 0.40% | -0.15% | 0.21% | 0.42% | -0.08% | -0.15% | -0.05% | 0.69% | 0.34% |
| 2017 | 0.38% | 0.36% | 0.04% | 0.46% | 0.38% | -0.06% | 0.46% | 0.20% | -0.07% | 0.02% | -0.34% | 0.08% | 1.92% |
| 2016 | 0.39% | 0.10% | 1.12% | 0.48% | -0.07% | 0.92% | 0.38% | 0.02% | 0.12% | -0.17% | -0.89% | 0.11% | 2.51% |
| 2015 | 0.94% | -0.07% | 0.30% | 0.04% | 0.04% | -0.33% | 0.13% | -0.25% | 0.39% | 0.22% | -0.16% | -0.42% | 0.81% |
| 2014 | 0.60% | 0.40% | -0.20% | 0.40% | 0.49% | -0.04% | -0.21% | 0.31% | -0.41% | 0.32% | 0.20% | -0.40% | 1.46% |
| 2013 | 0.08% | 0.31% | 0.07% | 0.32% | -0.54% | -1.07% | 0.60% | -0.19% | 0.68% | 0.60% | 0.33% | -0.27% | 0.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, PBSMX is among the top 17% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Short-Term Corporate Bond Fund provided a 3.28% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.25 | $0.22 | $0.25 | $0.29 | $0.28 | $0.27 | $0.27 | $0.28 | $0.30 | $0.33 |
Dividend yield | 3.28% | 3.23% | 2.41% | 1.97% | 2.22% | 2.57% | 2.57% | 2.47% | 2.41% | 2.55% | 2.72% | 2.93% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Short-Term Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.32 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Short-Term Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Short-Term Corporate Bond Fund was 10.35%, occurring on Oct 20, 2022. Recovery took 413 trading sessions.
The current PGIM Short-Term Corporate Bond Fund drawdown is 1.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.35% | Aug 4, 2021 | 307 | Oct 20, 2022 | 413 | Jun 13, 2024 | 720 |
| -9.22% | Mar 6, 2020 | 12 | Mar 23, 2020 | 53 | Jun 8, 2020 | 65 |
| -6.08% | Sep 5, 2008 | 40 | Oct 30, 2008 | 59 | Jan 27, 2009 | 99 |
| -4.34% | Dec 23, 1991 | 60 | Mar 13, 1992 | 74 | Jun 25, 1992 | 134 |
| -3.98% | Oct 21, 1993 | 143 | May 9, 1994 | 208 | Feb 23, 1995 | 351 |
Volatility
Volatility Chart
The current PGIM Short-Term Corporate Bond Fund volatility is 0.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.