PGIM Intermediate Duration US Corporate ESG Bond Fund
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The investment objective of the PGIM Intermediate Duration US Corporate ESG Bond Fund (the “Fund”) (prior to January 30, 2026, the Fund was known as PGIM Global Corporate ESG Bond Fund) seeks to outperform the Bloomberg US Intermediate Global Aggregate Corporate Index (the “Benchmark") on a total return basis while applying environmental, social and governance (“ESG”) principles in the selection of securities. There is no assurance that such objective will be achieved. While the Fund is actively managed, the Benchmark will be used for risk management and performance comparison purposes. The Fund will primarily invest in fixed income securities listed or traded on regulated 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. Please see the Company's Fund Documents for additional information.
Fund Facts
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.
FUND CHARACTERISTICS
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Fund
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Benchmark
|
|
|---|---|---|
| Number of Countries | 14 | 66 |
| Average Coupon (%) | 3.85 | 4.06 |
| Effective Duration (yrs) | 4.09 | 5.76 |
| Number of Issues | 310 | 17,750 |
| Average Quality (Moody's) | A3 | A3 |
| Spread (bps) | 67 | 74 |
| Turnover Ratio (Latest 12-Months) | 126 | — |
| Spread Duration (yrs) | 4.27 | 5.89 |
| Yield-to-Worst (% gross) | 4.63 | 4.86 |
| Number of Issuers | 176 | 2,118 |
| Weighted Avg. Life (yrs) | 5.42 | 8.32 |
| Yield-to-Maturity (% gross) | 4.66 | 4.93 |
Due to the characteristics of the fund, the NAV may be highly volatile.
Fund fees
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.
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. |
| Listing | Global Exchange Market of the Irish Stock Exchange plc |
| Depositary | State Street Custodial Services (Ireland) Limited |
| Administrator | State Street Fund Services (Ireland) Limited |
| Auditor | PwC |
| Reporting | Monthly 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.
standard (%)
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ANNUALISED
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Net Returns
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1 Mo
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3 Mo
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YTD
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1Yr
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3Yr
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5Yr
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Since Inception (04 February 2026)
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rolling 12 month (%)
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2017
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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2025
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2026
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CALENDAR YEAR (%)
(Year Ended 31 December)
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2016
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2017
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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2025
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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
Principal, U.S. Investment Grade Corporate Bonds
Public & Private Fixed Income
Matthew Csontos is a Principal and portfolio manager for PGIM Fixed Income’s U.S. Investment Grade Corporate Bond Team.
David Del Vecchio
Co-Head of U.S. Investment Grade Corporate Bonds
Public & Private Fixed Income
Newark
David Del Vecchio's Biography
Prudential Tower, 655 Broad Street, Newark, NJ, United States
Danielle Navarro
Principal and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team.
Public & Private 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
Co-Head of U.S. Investment Grade Corporate Bonds
Public & Private Fixed Income
Newark
Rajat Shah, CFA's Biography
Prudential Tower, 655 Broad Street, Newark, NJ, United States
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.
PGIM literature
Fund literature
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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.
