Objective

The investment objective of the PGIM Intermediate Duration US Corporate Bond Fund (the "Fund") is to seek to outperform the Bloomberg US Intermediate Corporate Index (the “Benchmark”) on a total return basis. The Fund will be invested in fixed income securities listed or traded on recognised markets globally which are rated investment grade, or, if not rated, determined by the Investment Manager to be of comparable quality to securities so rated. There is no assurance that such objective will be achieved. The Fund incorporates environmental, social and governance (“ESG”) factors into its investment process and promotes certain sustainability characteristics. PGIM Fixed Income has determined that the Fund qualifies as a Light Green Fund, which is a fund that seeks to comply with the principles of Article 8 of the SFDR. Please see the Company's Fund Documents as defined below for additional information.

actively managed

Seeks to drive alpha through methodical bottom-up research, selecting credits with the most attractive fundamentals relative to the investment universe

well-resourced team

With 50+ professionals in the investment grade corporate bond team, few can match the experience, scale and resources of PGIM Fixed Income

risk-focused

Risk managed relative to the Fund’s benchmark, with portfolio duration typically less than five years.

All data as of 08 August 2025 unless otherwise indicated.
Fund features
Investment Manager: PGIM, Inc.
Domicile: Ireland
Benchmark:
Base Currency: USD
Dealing: Daily
Fund Net Assets (USD mm): 257.43
SFDR Classification: Article 8
share class features

Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate. Also, the use of financial derivative instruments may result in increased gains or losses within the Fund.

fees
Entry Charge: None
Exit Charge: None
Management (%): 0.30
Ongoing Charges (%): 0.38
Switching Fee: None

Swing pricing, as defined in the prospectus, may be applied on a subscription or redemption of shares to reflect the costs of dealing in the Fund's assets.

Symbols
ISIN: IE00BYWW6812
SEDOL: BYWW681
WKN:
Bloomberg:

Source: PGIM, Inc. Past performance is no guarantee of future results.

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdition (collectively the “Fund Documents”). Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement and KIID/KID, as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.

RISKS

An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.

Any investment in the Fund will be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Investors should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Investors should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.

 

fund administration

Investment Manager                  PGIM, Inc.
ListingGlobal Exchange Market of the Irish Stock Exchange plc
DepositaryState Street Custodial Services (Ireland) Limited
AdministratorState Street Fund Services (Ireland) Limited
AuditorPwC
ReportingMonthly statements
 Annual audited financial statements

fund structure

  • Ireland based UCITS fund
  • The Fund is a sub-fund of PGIM Funds plc (the “Company”)
  • The Company is an investment company with variable capital incorporated in Ireland with registered number 530399
  • The Company is established as an umbrella fund with segregated liability between sub-funds
  • The Company is managed by PGIM Investments (Ireland) Limited (the “Manager”). The Company and the Manager are each authorised in Ireland and regulated by the Central Bank of Ireland.

ABOUT

PGIM Fixed Income, with $821 billion in assets under management (as of 31 Mar 2024)1, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo, Amsterdam and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach.

Matthew Csontos
Matthew Csontos

Vice President and Portfolio Manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team

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PGIM Fixed Income

Matthew Csontos is a Vice President and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team.

David Del Vecchio
David Del Vecchio

Managing Director and Co-Head of U.S. Investment Grade Corporate Bond Team at PGIM Fixed Income

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PGIM Fixed Income

David Del Vecchio is a Managing Director and Co-Head of U.S. Investment Grade Corporate Bond Team at PGIM Fixed Income.

Danielle Navarro
Danielle Navarro

Principal and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team.

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PGIM Fixed Income

Danielle Navarro, CFA, is a Principal and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team.

Rajat Shah, CFA
Rajat Shah, CFA

Principal and Portfolio Manager for PGIM Fixed Income's Investment Grade Corporate Team

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PGIM Fixed Income

Rajat Shah, CFA, is a Principal and portfolio manager for PGIM Fixed Income's Investment Grade Corporate Team and is responsible for our global corporate strategy.

Source: PGIM, Inc. Past performance is no guarantee of future results.

This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.

This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.

1Assets under management (AUM) are based on company estimates and are subject to change.

3311704    Ed. 01/2024

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There is no guarantee that this objective will be achieved. Portfolio characteristics subject to change. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.