PGIM Total Return Bond Fund – Class R4 (PDBSX)

Overview

The fund, as outlined, is structured to balance both current income and capital appreciation for its investors, guided by the strategic decisions of its subadviser. Operating with a primary focus on bonds, the fund dedicates at least 80% of its investable assets towards a broad array of fixed income securities, adhering to a policy that encompasses bonds with a maturity of more than one year from the date of issue, excluding preferred stock. This affords the fund a diversified approach in managing its assets and achieving its objectives. The fund's investment philosophy allows for engaging in speculative, high-risk, below-investment-grade securities up to 30%, adding a level of aggressive investment tactics to its strategy. Additionally, up to 30% of its assets may be allocated in foreign debt securities, including those from emerging markets, indicating a global investment outlook and the pursuit of diversifying risk and potential returns through international exposure.

Products and Services

• Bonds Investment

  The fund primarily invests in a diverse range of bonds, dedicating at least 80% of its investable assets to fixed income securities that exceed one year in maturity. This core strategy emphasizes the pursuit of a blend of current income and capital appreciation, utilizing bonds as a fundamental tool for achieving these goals. The inclusion of all fixed income securities, with the exception of preferred stock, enables a comprehensive approach to bond investment.

• Speculative Securities Investment

  As part of its diversified investment strategy, the fund allocates up to 30% of its assets to speculative, high-risk, below investment-grade securities. This segment of the fund's portfolio is dedicated to potentially higher yields, albeit with a corresponding increase in risk. It represents the fund's willingness to engage in more aggressive investment tactics to achieve its objectives.

• Foreign Debt Securities Investment

  Up to 30% of the fund's investable assets are earmarked for investment in foreign debt securities, including those from emerging markets. This strategic allocation underscores the fund's global investment outlook, aiming to tap into the potential higher returns offered by international markets. It reflects an approach to diversify investment and mitigate risks by spreading exposure across different geographic regions and economic conditions.