Quick Guide To Prudential Short-Term Corporate Bond C Fund (PIFCX)
Zacks Investment Research | Sep 08, 2016 09:17PM ET
Prudential (LON:PRU) Short-Term Corporate Bond C Fund (PIFCX ) a Zacks Rank #1 (Strong Buy) was incepted in September 1989 and is managed by Prudential Investment Management. The main objective of PIFCX is to seek high current income consistent with the preservation of principal. PIFCX normally invests at least 80% of PIFCX's investable assets in bonds of corporations with maturities of six years or less. Bonds include all fixed-income securities, other than preferred stock, and corporations include all private issuers. PIFCX may invest in mortgage related securities and asset backed securities. Up to 35% of PIFCX's investable assets may be invested in dollar-denominated obligations issued in the U.S. by foreign corporations and governments.
The Prudential Short-Term Corporate Bond C fund, managed by Prudential , carries an expense ratio of 1.52%. Moreover, PIFCX requires a minimal initial investment of $2,500.
PIFCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 1.43% and 5 year 1.44%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.