PGIM Short-Term Corporate Bond Fund
Data updated: 2026-08-26
C000012964 — PGIM Short-Term Corporate Bond Fund. Intermediate Corporate Bond · $8.09B AUM · 1.46% expense ratio. Holdings, fees, performance and SEC filings.
C000012964 Fund Overview
PGIM Short-Term Corporate Bond Fund is a US mutual fund managed by Prudential Short-Term Corporate Bond Fund, Inc., categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Short-Term Corporate Bond Fund, Inc.
- Category: Intermediate Corporate Bond
- Assets under management: $8.09B
- SEC CIK: 0000834126
- SEC series ID: S000004769
- Share class ID: C000012964
C000012964 Investment Objective and Strategy
PGIM Short-Term Corporate Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Short-Term Corporate Bond Fund, Inc..
Investment objective
The investment objective of the Fund is high current income consistent with the preservation of principal.
Principal investment strategy
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 will generally be less than three years. The Fund will buy and sell securities to take advantage of investment opportunities based on the subadviser's fundamental credit research, as well as analysis of market conditions, interest rates and general economic factors. The term investable assets refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.
The Fund may invest in mortgage-related securities and asset-backed securities. Up to 35% of the Fund's investable assets may be invested in dollar-denominated obligations issued in the US by foreign corporations and governments (Yankee obligations). The subadviser may also invest up to 20% of the Fund's investable assets in debt obligations issued by the US Government and government related entities. Some (but not all) of the US Government securities and mortgage-related securities in which the Fund will invest are backed by the full faith and credit of the US Government, which means that payment of interest and principal is guaranteed, but yield and market value are not. These securities include, but are not limited to, direct obligations issued by the US Treasury, and obligations of certain entities that may be chartered or sponsored by Acts of Congress, such as the Government National Mortgage Association (GNMA or Ginnie Mae).
Securities issued by other government entities that may be chartered or sponsored by Acts of Congress, in which the Fund may invest, are not backed by the full faith and credit of the United States and must rely on their own resources to repay the debt. These securities include, but are not limited to, obligations of the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), the Federal National Mortgage Association (FNMA or Fannie Mae) and the Student Loan Marketing Association (SLMA or Sallie Mae), each of which has the right to borrow from the US Treasury to meet its obligations. The subadviser may invest up to 20% of the Fund's investable assets in speculative, below investment-grade debt obligations (rated BB or lower by S&P Global Ratings (S&P), Ba or lower by Moody's Investor Service (Moodys) or the equivalent by another major rating service), which are also known as high-yield debt securities or junk bonds.
The Fund may also invest in unrated debt obligations that it determines are of comparable quality to the rated debt obligations that are permissible investments. In the event that a security receives different ratings from different nationally recognized statistical rating organizations (NRSROs), the Fund will treat the security as being rated in the highest rating category received from an NRSRO. In managing the Funds assets, the subadviser uses a combination of top-down economic analysis and bottom up research in conjunction with proprietary quantitative models and risk management systems. In the top down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook is determined based on a complete review of the financial health and trends of the issuer.
The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security.
C000012964 Holdings
Top 10 holdings of PGIM Short-Term Corporate Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 2.82% |
| Prudential Investment Portfolios 9 | 2.41% |
| United States Of America - Bureau Of The Public Debt | 0.98% |
| Bank Of America Corp. | 0.78% |
| (PIPA070) PGIM Core Government Money Market Fund | 0.74% |
| Icg US Clo 2020-1 Ltd. | 0.73% |
| Salesforce, Inc. | 0.64% |
| Ford Motor Credit Company LLC | 0.61% |
| Bank Of Nova Scotia (the) | 0.61% |
| Goldman Sachs Group, Inc. (the) | 0.59% |
C000012964 Portfolio Allocation
Asset-class allocation of PGIM Short-Term Corporate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.6% |
| Securitized | 6.1% |
| Cash & Equivalents | 3.2% |
C000012964 Costs and Fees
C000012964 costs about $146 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.46%
- Gross expense ratio: 2.77%
- Portfolio turnover: 50%
- Brokerage commissions: 0.26 bps of average net assets (SEC N-CEN)
C000012964 Cashflows
Over the 12 months to 2026-06, PGIM Short-Term Corporate Bond Fund had net outflows of $221.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$26.60M |
| 2026-05 | −$26.58M |
| 2026-04 | −$33.45M |
| 2026-03 | −$45.76M |
| 2026-02 | −$13.32M |
| 2026-01 | −$30.06M |
C000012964 Debt Constituents
Largest debt holdings of PGIM Short-Term Corporate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 2.82% |
| United States Of America - Bureau Of The Public Debt | 0.98% |
| Bank Of America Corp. | 0.78% |
| Salesforce, Inc. | 0.64% |
| Ford Motor Credit Company LLC | 0.61% |
| Bank Of Nova Scotia (the) | 0.61% |
| Goldman Sachs Group, Inc. (the) | 0.59% |
| Skymiles Ip Ltd. / Delta Air Line, Inc. | 0.56% |
| Jacobs Engineering Group, Inc. | 0.56% |
| Var Energi Asa | 0.52% |
C000012964 Prospectus and SEC Filings
Official PGIM Short-Term Corporate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.