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PGIM Global Total Return Fund
mutual fund
PZTRX
Payout Change
Pending
Price as of:
$5.24
+0.01
+0.19%
primary theme
N/A
share class
PZTRX (Mutual Fund)
PGIM Global Total Return Fund
Payout Change
Pending
Price as of:
$5.24
+0.01
+0.19%
primary theme
N/A
share class
PZTRX (Mutual Fund)
PGIM Global Total Return Fund
Payout Change
Pending
Price as of:
$5.24
+0.01
+0.19%
primary theme
N/A
share class
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.4%
1 yr return
7.1%
3 Yr Avg Return
-4.1%
5 Yr Avg Return
-1.6%
Net Assets
$2.74 B
Holdings in Top 10
15.7%
52 WEEK LOW AND HIGH
$5.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PZTRX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return -4.1%
- 5 Yr Annualized Total Return -1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.82%
- Dividend Yield 3.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM Global Total Return Fund
-
Fund Family NamePrudential
-
Inception DateMar 13, 2000
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Tipp
Fund Description
The Fund seeks investments that will increase in value, as well as pay the Fund interest and other income. The Fund generally invests in global developed market sovereign, corporate, mortgage-related, and asset-backed debt securities. The Fund may also invest in the debt securities of emerging market sovereign, quasi-sovereign, and corporate issuers.The Fund may invest in countries anywhere in the world, and normally invests at least 65% of its total assets in income-producing debt securities of U.S. and foreign corporations and governments, supranational organizations, semi-governmental entities or government agencies, authorities or instrumentalities, investment-grade U.S. or foreign mortgage-related securities, asset-backed securities (including collateralized debt obligations and collateralized loan obligations), and U.S. or foreign short-term and long-term bank debt securities or bank deposits. Under normal circumstances, the Fund invests at least 40% of its investable assets in non-U.S.dollar denominated securities, including emerging market securities. The Fund's investments in non-U.S. dollar denominated securities may be lower if conditions are not favorable, but such investments may not be lower than 30% of the Fund's investable assets.The Fund can invest in securities of developed countries and in developing or emerging market countries that the subadviser believes are stable. The Fund generally considers emerging market countries to be countries included in the JP Morgan Emerging Markets Bond Index Global Diversified Index, the JP Morgan Government Bond Index-Emerging Markets Global Diversified Index, the JP Morgan Emerging Local Markets Index Plus or the JP Morgan Corporate Emerging Markets Bond Index Broad Diversified. The Fund may invest in debt securities that are denominated in U.S. dollars or foreign currencies. The Fund may invest up to 35% of its total assets in speculative, lower-rated securities, also known as “junk” bonds, and unrated securities, including unrated securities that the subadviser determines are of comparable quality to below investment grade securities.In managing the Fund’s assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook are determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security. The subadviser’s approach to global investing focuses on country and currency selection. The subadviser looks at fundamentals to identify relative value.The Fund may invest in bonds of any duration. Duration measures the potential volatility of the price of a portfolio of bonds prior to maturity. The Fund also uses derivatives to manage its duration, as well as to manage its foreign currency exposure, to hedge against losses, and to try to improve returns.
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PZTRX - Performance
Return Ranking - Trailing
| Period | PZTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -59.5% | 0.9% | 99.03% |
| 1 Yr | 7.1% | -15.5% | 19.7% | 87.98% |
| 3 Yr | -4.1%* | -4.3% | 4.2% | 61.69% |
| 5 Yr | -1.6%* | -2.5% | 4.1% | 14.36% |
| 10 Yr | 1.2%* | -3.0% | 2.7% | 2.86% |
* Annualized
Return Ranking - Calendar
| Period | PZTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.2% | -15.2% | 0.9% | 74.50% |
| 2022 | -24.8% | -10.9% | 12.2% | 52.58% |
| 2021 | -9.0% | -10.8% | 14.8% | 20.31% |
| 2020 | 5.6% | -15.3% | 0.6% | 54.34% |
| 2019 | 5.7% | -44.4% | 14.4% | 12.88% |
Total Return Ranking - Trailing
| Period | PZTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -59.5% | 0.9% | 99.03% |
| 1 Yr | 7.1% | -16.6% | 30.5% | 80.09% |
| 3 Yr | -4.1%* | -5.2% | 10.9% | 57.49% |
| 5 Yr | -1.6%* | -2.8% | 7.4% | 15.98% |
| 10 Yr | 1.2%* | -3.0% | 3.6% | 3.87% |
* Annualized
Total Return Ranking - Calendar
| Period | PZTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | -15.2% | 0.9% | 74.50% |
| 2022 | -21.7% | -10.9% | 12.2% | 52.58% |
| 2021 | -5.6% | -10.8% | 14.8% | 23.96% |
| 2020 | 10.3% | -15.3% | 3.8% | 68.21% |
| 2019 | 12.3% | -44.4% | 14.4% | 22.70% |
NAV & Total Return History
PZTRX - Holdings
Concentration Analysis
| PZTRX | Category Low | Category High | PZTRX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.74 B | 74.5 K | 14.7 B | 15.20% |
| Number of Holdings | 1312 | 4 | 4562 | 3.32% |
| Net Assets in Top 10 | 425 M | -112 M | 3.66 B | 22.27% |
| Weighting of Top 10 | 15.65% | 4.7% | 100.0% | 98.08% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 2.87%
- Hellenic Republic Government Bond 2.07%
- United Kingdom Gilt 1.97%
- Colombia Government International Bond 1.90%
- PGIM Institutional Money Market Fund - D 1.86%
- Vietnam Government International Bond 1.29%
- Invesco Euro CLO I DAC 1.14%
- Capital Four CLO II DAC 0.92%
- JPMorgan Chase Co 0.86%
- Bosphorus CLO VI DAC 0.79%
Asset Allocation
| Weighting | Return Low | Return High | PZTRX % Rank | |
|---|---|---|---|---|
| Bonds | 94.35% | 0.00% | 220.33% | 36.97% |
| Cash | 5.29% | -130.07% | 95.62% | 77.25% |
| Convertible Bonds | 2.67% | 0.00% | 11.19% | 33.18% |
| Stocks | 0.40% | 0.00% | 7.47% | 5.69% |
| Preferred Stocks | 0.03% | 0.00% | 2.87% | 96.68% |
| Other | -0.07% | -9.71% | 100.00% | 16.59% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PZTRX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 91.33% | 85.51% |
| Technology | 0.00% | 0.00% | 21.64% | 75.36% |
| Real Estate | 0.00% | 0.00% | 3.17% | 75.36% |
| Industrials | 0.00% | 0.00% | 11.80% | 85.51% |
| Healthcare | 0.00% | 0.00% | 9.46% | 85.51% |
| Financial Services | 0.00% | 0.00% | 100.00% | 84.06% |
| Energy | 0.00% | 0.00% | 100.00% | 2.90% |
| Communication Services | 0.00% | 0.00% | 56.19% | 76.81% |
| Consumer Defense | 0.00% | 0.00% | 34.30% | 76.81% |
| Consumer Cyclical | 0.00% | 0.00% | 27.00% | 78.26% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 76.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PZTRX % Rank | |
|---|---|---|---|---|
| US | 0.40% | 0.00% | 6.55% | 5.69% |
| Non US | 0.00% | 0.00% | 1.77% | 97.16% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PZTRX % Rank | |
|---|---|---|---|---|
| Corporate | 26.66% | 0.00% | 98.62% | 40.87% |
| Government | 24.78% | 0.30% | 99.47% | 91.83% |
| Securitized | 14.37% | 0.00% | 52.02% | 16.35% |
| Cash & Equivalents | 4.72% | 0.00% | 95.62% | 72.12% |
| Municipal | 0.09% | 0.00% | 7.95% | 33.17% |
| Derivative | -1.23% | 0.00% | 74.77% | 19.23% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PZTRX % Rank | |
|---|---|---|---|---|
| Non US | 55.77% | 0.00% | 112.80% | 63.98% |
| US | 38.58% | -5.52% | 107.53% | 29.86% |
PZTRX - Expenses
Operational Fees
| PZTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.67% | 0.02% | 3.65% | 70.81% |
| Management Fee | 0.50% | 0.00% | 2.08% | 31.71% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| PZTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PZTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PZTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 6.00% | 354.00% | 7.69% |
PZTRX - Distributions
Dividend Yield Analysis
| PZTRX | Category Low | Category High | PZTRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.37% | 0.00% | 17.40% | 97.63% |
Dividend Distribution Analysis
| PZTRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| PZTRX | Category Low | Category High | PZTRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.82% | -1.08% | 5.77% | 45.10% |
Capital Gain Distribution Analysis
| PZTRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.015 | OrdinaryDividend |
| Oct 31, 2024 | $0.014 | OrdinaryDividend |
| Sep 30, 2024 | $0.017 | OrdinaryDividend |
| Aug 30, 2024 | $0.014 | OrdinaryDividend |
| Jul 31, 2024 | $0.015 | OrdinaryDividend |
| Apr 30, 2024 | $0.017 | OrdinaryDividend |
| Mar 28, 2024 | $0.018 | OrdinaryDividend |
| Feb 29, 2024 | $0.016 | OrdinaryDividend |
| Jan 31, 2024 | $0.016 | OrdinaryDividend |
| Dec 29, 2023 | $0.014 | OrdinaryDividend |
| Nov 30, 2023 | $0.018 | OrdinaryDividend |
| Oct 31, 2023 | $0.018 | OrdinaryDividend |
| Sep 29, 2023 | $0.017 | OrdinaryDividend |
| Aug 31, 2023 | $0.019 | OrdinaryDividend |
| Jul 31, 2023 | $0.017 | OrdinaryDividend |
| Jun 30, 2023 | $0.018 | OrdinaryDividend |
| May 31, 2023 | $0.018 | OrdinaryDividend |
| Apr 28, 2023 | $0.018 | OrdinaryDividend |
| Mar 31, 2023 | $0.018 | OrdinaryDividend |
| Feb 28, 2023 | $0.015 | OrdinaryDividend |
| Jan 31, 2023 | $0.017 | OrdinaryDividend |
| Dec 30, 2022 | $0.017 | OrdinaryDividend |
| Nov 30, 2022 | $0.017 | OrdinaryDividend |
| Oct 31, 2022 | $0.017 | ReturnOfCapital |
| Sep 30, 2022 | $0.016 | ReturnOfCapital |
| Aug 31, 2022 | $0.016 | ReturnOfCapital |
| Jul 29, 2022 | $0.017 | ReturnOfCapital |
| Jun 30, 2022 | $0.018 | ReturnOfCapital |
| May 31, 2022 | $0.019 | ReturnOfCapital |
| Apr 29, 2022 | $0.018 | ReturnOfCapital |
| Mar 31, 2022 | $0.018 | ReturnOfCapital |
| Feb 28, 2022 | $0.016 | ReturnOfCapital |
| Jan 31, 2022 | $0.017 | ReturnOfCapital |
| Dec 31, 2021 | $0.018 | OrdinaryDividend |
| Dec 23, 2021 | $0.027 | OrdinaryDividend |
| Nov 30, 2021 | $0.017 | OrdinaryDividend |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.018 | OrdinaryDividend |
| Jul 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.018 | OrdinaryDividend |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.017 | OrdinaryDividend |
| Feb 26, 2021 | $0.016 | OrdinaryDividend |
| Jan 29, 2021 | $0.018 | OrdinaryDividend |
| Dec 31, 2020 | $0.018 | OrdinaryDividend |
| Dec 23, 2020 | $0.038 | OrdinaryDividend |
| Nov 30, 2020 | $0.018 | OrdinaryDividend |
| Oct 30, 2020 | $0.021 | OrdinaryDividend |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Aug 31, 2020 | $0.021 | OrdinaryDividend |
| Jul 31, 2020 | $0.020 | OrdinaryDividend |
| Jun 30, 2020 | $0.021 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.021 | OrdinaryDividend |
| Mar 31, 2020 | $0.022 | OrdinaryDividend |
| Feb 28, 2020 | $0.015 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.020 | OrdinaryDividend |
| Dec 18, 2019 | $0.057 | CapitalGainShortTerm |
| Dec 18, 2019 | $0.116 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.020 | OrdinaryDividend |
| Sep 30, 2019 | $0.019 | OrdinaryDividend |
| Aug 30, 2019 | $0.023 | OrdinaryDividend |
| Jul 31, 2019 | $0.022 | OrdinaryDividend |
| Dec 23, 2011 | $0.049 | ExtraDividend |
| Mar 18, 2011 | $0.047 | OrdinaryDividend |
| Dec 17, 2010 | $0.062 | OrdinaryDividend |
| Dec 17, 2010 | $0.458 | ExtraDividend |
| Sep 17, 2010 | $0.061 | OrdinaryDividend |
| Jun 18, 2010 | $0.065 | OrdinaryDividend |
| Mar 19, 2010 | $0.072 | OrdinaryDividend |
PZTRX - Fund Manager Analysis
Managers
Robert Tipp
Start Date
Tenure
Tenure Rank
Sep 30, 2002
19.68
19.7%
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds for PGIM Fixed Income. In addition to comanaging the Global Aggregate Plus strategy, Mr. Tipp is responsible for global rates positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at the Firm since 1991, where he has held a variety of senior investment manager and strategist roles. Prior to joining the Firm, he was a Director in the Portfolio Strategies Group at the First Boston Corporation, where he developed, marketed, and implemented strategic portfolio products for money managers. Before that, Mr. Tipp was a Senior Staff Analyst at the Allstate Research & Planning Center, and managed fixed income and equity derivative strategies at Wells Fargo Investment Advisors. He received a BS in Business Administration and an MBA from the University of California, Berkeley. Mr. Tipp holds the Chartered Financial Analyst (CFA) designation. Named Morningstar’s 2017 Fixed Income Manager of The Year for PGIM Total Return Bond Fund.
Matthew Angelucci
Start Date
Tenure
Tenure Rank
Oct 31, 2018
3.58
3.6%
Matthew Angelucci, CFA, is a Principal and portfolio manager for PGIM Fixed Income’s Global Team. Mr. Angelucci’s primary portfolio management responsibilities include country and sector allocation, duration management, and issue selection within government and sovereign securities and derivatives across global multi-sector portfolios and relative value hedge funds. Prior to assuming his current position, he was a financial analyst in the Portfolio Analysis Group of PGIM Fixed Income, responsible for performance attribution and providing daily risk analysis and analytic support to the Global Government portfolio management team. Mr. Angelucci joined the Firm in 2005. He received a BS in Corporate Finance and Accounting from Bentley University. Mr. Angelucci holds the Chartered Financial Analyst (CFA) designation.
Brett Bailey
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Brett Bailey, CFA, is a Vice President and portfolio manager for PGIM Fixed Income's Global Bond Team. Mr. Bailey provides analytical support and analysis to the Multi-Sector Team in country and sector allocation, and issue selection within government, sovereign, and agency securities for the Global Government portfolio management team. Prior to assuming his current position, he was a financial analyst in the Portfolio Analysis Group, responsible for performance attribution and providing daily risk analysis and analytic support to the Global Government and Emerging Market portfolio management teams. Mr. Bailey joined the Firm in 2007. He received a BS in Economics and Finance from Villanova University and holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 28.31 | 6.8 | 3.67 |
