PGIM Total Return Bond Fund Class A (PDBAX)

Overview

The fund is focused on generating both current income and capital appreciation for its investors. It is managed by a subadviser that makes determinations on the fund’s asset allocations, focusing on investments in bonds to achieve the fund’s financial objectives. The fund emphasizes flexibility in its investment strategies, including the capacity to invest in various types of fixed income securities and a substantial allocation toward bonds. Additionally, the fund is open to engaging in higher-risk investments and exploring opportunities in international markets, including emerging economies, to enhance its portfolio's potential for returns.

Products and Services

• Bond Investments

  The core of the fund's investment strategy revolves around putting at least 80% of the fund's investable assets in bonds. These are selected across a wide spectrum of fixed income securities, aiming for maturity dates of over one year from the issue date. This strategy is intended to stabilize portfolio returns and generate steady income for investors.

• High-Risk Securities

  Up to 30% of the fund’s investable assets may be allocated towards speculative, high-risk, below investment-grade securities. This allowance signifies the fund’s approach to potentially boosting overall returns by venturing into more volatile financial instruments, notwithstanding their higher risk profile.

• Foreign Debt Securities

  Additionally, the fund permits up to 30% investment in foreign debt securities, encompassing emerging market debt for diversification. This strategy is employed to capitalize on the growth opportunities available in international markets, which may offer higher yields compared to domestic markets, albeit with an increased exposure to country-specific and currency risks.