PGIM Short-Term Corporate Bond Fund (PBSMX)

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PGIM Short-Term Corporate Bond Fund (PBSMX) is up 0.4% since the beginning of the year. PBSMX is currently trading at $11 per share. Investors who bought $1,000 worth of PBSMX shares 5 years ago would now be looking at an investment worth $1,093.

PGIM Short-Term Corporate Bond Fund (PBSMX) has returned 0.40% so far this year and 4.02% over the past 12 months. Over the last ten years, PBSMX has returned 2.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 31, 1989, PBSMX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 72% of months were positive and 28% were negative. The best month was Apr 2020 with a return of +3.3%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PBSMX closed higher 37% of trading days. The best single day was Dec 20, 1991 with a return of +1.1%, while the worst single day was Mar 19, 2020 at -1.6%.

PGIM Short-Term Corporate Bond Fund has an annualized alpha of 4.44%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 31, 1989.

• This fund captured 12.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.25%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PBSMX has an expense ratio of 0.71%, placing it in the medium range.

PBSMX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

PGIM Short-Term Corporate Bond Fund provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 10.70%, occurring on Oct 20, 2022. Recovery took 445 trading sessions.

The current PGIM Short-Term Corporate Bond Fund drawdown is 0.59%.

The chart below shows the rolling one-month volatility.