PBSMX Fees and Costs — PGIM Short-Term Corporate Bond Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.71%: a 0.38% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 2.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $213K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 50%.
PBSMX Fees and Expenses
Annual operating expenses and sales charges of PBSMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PBSMX Costs Over Time
On $10,000 invested in PBSMX, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $327 | $225 | $225 |
| Fund expenses (net expense ratio 0.71%) | $73 | $228 | $397 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $11 | $47 | $102 |
| Total costs | $411 | $501 | $725 |
| Value after costs | $10,089 | $11,076 | $12,037 |
| Impact on return, per year | 4.11% | 1.54% | 1.22% |
PBSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $213K
- Bought from dealers (principal trades, not a cost): $7.0B
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $286.3M
- Net income from securities lending: $440K (0.005% of average net assets)
PBSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $175K | 82.22% |
| CITIGROUP GLOBAL MARKETS INC. | $37K | 17.25% |
| GOLDMAN SACHS & CO. LLC | $789 | 0.37% |
| Jane Street Execution Services, LLC | $231 | 0.11% |
| BOFA SECURITIES, INC. | $124 | 0.06% |
PBSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $932.2M | 17.31% |
| GOLDMAN SACHS & CO. LLC | $729.1M | 13.54% |
| J.P. Morgan Securities LLC | $711.9M | 13.22% |
| BOFA SECURITIES, INC. | $695.0M | 12.91% |
| CitiGroup Global Markets Inc. | $651.3M | 12.10% |
| BARCLAYS CAPITAL, INC. | $572.4M | 10.63% |
| CITADEL SECURITIES LLC | $333.2M | 6.19% |
| WELLS FARGO SECURITIES, LLC | $285.8M | 5.31% |
| BNP PARIBAS SECURITIES CORP. | $269.7M | 5.01% |
| HSBC SECURITIES (USA), INC. | $204.5M | 3.80% |
PGIM Short-Term Corporate Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PSTQX | Class R6 | 0.38% | none |
| PIFZX | Class Z | 0.47% | none |
| PIFGX | Class R4 | 0.63% | none |
| PBSMX | Class A | 0.71% | 2.25% |
| PIFEX | Class R2 | 0.88% | none |
| JDTRX | Class R | 1.05% | none |
| PIFCX | Class C | 1.49% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.