PGIM Total Return Bond Fund Class R (DTBRX)

Overview

The fund is designed primarily for investors looking to balance current income generation with the potential for capital appreciation. It operates under the stewardship of a subadviser who carefully determines the mix of income and growth-oriented investments. Predominantly, the fund allocates its assets into bonds, adhering to a policy of investing at least 80% of its investable funds in this asset class. Bonds, for the sake of this fund, are broadly defined to include all fixed income securities that do not qualify as preferred stock and have a maturity period of over one year from the date of issue.

Products and Services

• Bond Investments
  

  The fund prioritizes bonds as its principal investment vehicle, committing at least 80% of its resources to various fixed income securities. These bonds span a broad spectrum, excluding preferred stocks, and are characterized by maturity periods exceeding one year. This focus on bonds is integral to the fund’s strategy of achieving a blend of current income and capital appreciation.

• High-Risk Securities Investments
  

  In pursuit of higher returns, the fund permits investments in speculative and high-risk financial instruments. Specifically, it may allocate up to 30% of its assets to securities that are rated below investment grade. This component of the fund’s portfolio is aimed at investors willing to tolerate higher levels of risk for the possibility of greater rewards.

• Foreign Debt Securities Investments
  

  The fund also diversifies its investment portfolio by including foreign debt securities. This includes up to 30% investment in debt instruments from markets outside the United States, encompassing emerging market debt securities. Such investments offer the potential for higher yields and the opportunity for capital appreciation, albeit with increased risks associated with foreign investment, including currency fluctuation and political instability.