PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX)

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PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) is up 0.7% since the beginning of the year. PSTQX is currently trading at $11 per share. Investors who bought $1,000 worth of PSTQX shares 5 years ago would now be looking at an investment worth $1,108.

PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) has returned 0.74% so far this year and 4.76% over the past 12 months. Over the last ten years, PSTQX has returned 2.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, PSTQX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +3.4%, while the worst month was Mar 2020 at -5.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PSTQX closed higher 34% of trading days. The best single day was Apr 9, 2020 with a return of +1.0%, while the worst single day was Mar 19, 2020 at -1.7%.

PGIM Short-Term Corporate Bond Fund - Class R6 has an annualized alpha of 2.30%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.93%) than losses (8.65%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 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 0.01 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.

PSTQX has an expense ratio of 0.38%, placing it in the medium range.

PSTQX ranks 58 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.

The table below present risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) and compare them to S&P 500 Index.

PGIM Short-Term Corporate Bond Fund - Class R6 provided a 4.21% dividend yield over the last twelve months, with an annual payout of $0.45 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 - Class R6. 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 - Class R6. 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 - Class R6 was 10.47%, occurring on Oct 20, 2022. Recovery took 431 trading sessions.

The current PGIM Short-Term Corporate Bond Fund - Class R6 drawdown is 0.40%.

The chart below shows the rolling one-month volatility.