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
ISIN | US74441R1023 |
---|---|
CUSIP | 74441R102 |
Issuer | PGIM Investments |
Inception Date | Sep 1, 1989 |
Category | Short-Term Bond |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
PBSMX has a high expense ratio of 0.71%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PBSMX vs. BRASX, PBSMX vs. SPHY
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 -0.17% year-to-date (YTD) and 3.64% in the last 12 months. Over the past 10 years, PGIM Short-Term Corporate Bond Fund had an annualized return of 1.60%, while the S&P 500 had an annualized return of 10.55%, indicating that PGIM Short-Term Corporate Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.17% | 7.26% |
1 month | -0.86% | -2.63% |
6 months | 4.42% | 22.78% |
1 year | 3.64% | 22.71% |
5 years (annualized) | 1.50% | 11.87% |
10 years (annualized) | 1.60% | 10.55% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.49% | -0.48% | 0.69% | |||||||||
2023 | -0.09% | 2.28% | 1.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBSMX is 58, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PGIM Short-Term Corporate Bond Fund(PBSMX)
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 granted a 3.16% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.33 | $0.34 | $0.25 | $0.22 | $0.25 | $0.29 | $0.28 | $0.27 | $0.27 | $0.28 | $0.30 | $0.30 |
Dividend yield | 3.16% | 3.23% | 2.42% | 1.95% | 2.21% | 2.58% | 2.57% | 2.46% | 2.41% | 2.55% | 2.72% | 2.68% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | |||||||||
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 |
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 |
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 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
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 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 |
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 |
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 |
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 |
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 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 10.36%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current PGIM Short-Term Corporate Bond Fund drawdown is 1.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-10.36% | Aug 4, 2021 | 307 | Oct 20, 2022 | — | — | — |
-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 0.88%, 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.