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PRDBX Prudential Total Return Bond B

  • Fund
  • PRDBX
  • Price as of: Dec 01, 2016
  • $14.16
  • - $0.06
  • - 0.42%
  • Category
  • Total Bond Market

PRDBX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $19 B
  • Holdings in Top 10 55.1%

52 WEEK LOW AND HIGH

$14.16
$14.01
$14.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 114.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2014-06-23

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Prudential Total Return Bond Fund
  • Fund Family Name Prudential Investments
  • Inception Date Jan 10, 1995
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Gregory Peters

Fund Description

The fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by the fund's investment subadviser. It invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. For purposes of this policy, bonds include all fixed-income securities, other than preferred stock, with a maturity at date of issue of greater than one year. The fund may invest up to 30% of its investable assets in high risk, below investment-grade securities having a rating of not lower than CCC. It may invest up to 30% of its investable assets in foreign debt securities.

PRDBX - Performance

Return Ranking - Trailing

Period PRDBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.1% -8.1% 202.4% 25.92% 2
1 Yr 5.1% -12.6% 13.2% 20.03% 2
3 Yr 3.6% * -5.8% 8.5% 17.71% 1
5 Yr 3.7% * -2.8% 9.4% 20.98% 2
10 Yr 5.4% * -1.7% 9.8% 12.45% 1

* Annualized


Return Ranking - Calendar

Period PRDBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.1% -33.0% 3.0% 38.58% 4
2014 3.1% -9.3% 14.9% 9.97% 1
2013 -4.5% -24.1% 40.4% 47.28% 4
2012 4.9% -100.0% 18.7% 14.60% 1
2011 1.4% -20.6% 15.5% 26.57% 2

Total Return Ranking - Trailing

Period PRDBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.1% -7.3% 205.2% 37.67% 3
1 Yr 0.1% -12.6% 16.3% 78.55% 4
3 Yr 2.7% * -7.2% 8.5% 36.78% 2
5 Yr 3.6% * -3.7% 9.4% 23.27% 2
10 Yr 5.4% * -1.7% 9.8% 11.71% 1

* Annualized


Total Return Ranking - Calendar

Period PRDBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.1% -32.5% 4.5% 56.81% 4
2014 3.3% -8.3% 16.8% 27.27% 2
2013 -4.5% -12.9% 58.5% 63.98% 5
2012 6.0% -100.0% 35.2% 29.06% 2
2011 3.9% -20.7% 18.1% 28.74% 2

NAV & Total Return History

PRDBX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

PRDBX Category Low Category High PRDBX % Rank Quintile
Net Assets 19 B 319 K 176 B 1.27% 1
Number of Holdings 2492 1 17569 1.02% 1
Net Assets in Top 10 10.8 B -36 B 21.3 B 0.20% 1
Weighting of Top 10 55.1% 0.0% 1093.9% 6.21% 2

Top 10 Holdings

  1. US 5 Year Note (CBT) Dec16 22.85%
  2. US Ultra Bond (CBT) Dec16 6.63%
  3. Payb Ois Lch.426% 11/2/16 4.87%
  4. Recv Ois Lch.426% 11/2/16 4.87%
  5. US 10 Year Note (CBT) Dec16 3.17%
  6. 90day Sterling Fu Dec16 2.99%
  7. Recv Ois 08/02/23 2.71%
  8. Payb Ois 08/02/23 2.70%
  9. Payb Fra 1.785% 11/25/16 2.15%
  10. Recv Fra 2.8% 11/25/2016 2.15%

Asset Allocation

Weighting Category Low Category High PRDBX % Rank Quintile
Bonds
95.14% -175.98% 192.68% 10.83% 3
Cash
2.94% -96.63% 275.92% 18.82% 4
Other
1.77% -30.71% 98.36% 7.43% 2
Preferred Stocks
0.15% -0.45% 17.13% 6.51% 2
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 3
Stocks
0.00% -3.27% 98.09% 5.75% 3

Bond Sector Breakdown

Weighting Category Low Category High PRDBX % Rank Quintile
Government
42.07% -389.49% 128.09% 3.81% 1
Corporate
29.21% 0.00% 221.70% 19.79% 4
Securitized
22.75% 0.00% 105.84% 18.87% 4
Cash & Equivalents
2.88% -63.55% 416.01% 18.36% 3
Municipal
0.41% 0.00% 105.76% 11.04% 3
Derivative
-0.08% -513.07% 38.63% 2.70% 5

Bond Geographic Breakdown

Weighting Category Low Category High PRDBX % Rank Quintile
US
66.10% -370.09% 180.29% 22.02% 4
Non US
29.04% -45.82% 351.70% 4.58% 1

PRDBX - Expenses

Operational Fees

PRDBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.62% 0.00% 42.51% 6.46% 5
Management Fee 0.40% 0.00% 2.15% 2.95% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.08% 5
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

PRDBX Fees (% of AUM) Category Low Category High PRDBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 5.00% 0.15% 5.50% 0.56% 5

Trading Fees

PRDBX Fees (% of AUM) Category Low Category High PRDBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

PRDBX Fees (% of AUM) Category Low Category High PRDBX Rank Quintile
Turnover 114.00% 0.00% 1856.00% 9.01% 4

PRDBX - Distributions

Dividend Yield Analysis

PRDBX Category Low Category High PRDBX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.30% 8.12% 1

Dividend Distribution Analysis

PRDBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRDBX Category Low Category High PRDBX % Rank Quintile
Net Income Ratio 1.95% -1.76% 17.13% 14.10% 3

Capital Gain Distribution Analysis

PRDBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRDBX - Managers

Gregory Peters

Manager

Start Date

Mar 05, 2014

Tenure

2.66

Tenure Rank

7.0%

Gregory Peters is a Managing Director, Senior Investment Officer and senior portfolio manager. Prior to joining Prudential Fixed Income, Mr. Peters was the Chief Global Cross Asset Strategist at Morgan Stanley and responsible for the firm's macro research and asset allocation strategy. In addition, he was Morgan Stanley's Global Director of Fixed Income & Economic Research and served on the Firm Risk, Investment, Asset Allocation, Global Credit, and Global Fixed Income Operating Committees. Earlier, Mr. Peters worked at Salomon Smith Barney and the Department of U.S. Treasury. Mr. Peters has been recognized by Institutional Investor magazine for his efforts in macro, fixed income, high yield and investment grade strategies. Also recently recognized as Business Insider's Top Analysts and Top Analyst's to Watch by CEO World. Mr. Peters earned a BA in Finance from The College of New Jersey and an MBA from Fordham University. He is also a member of the Fixed Income Analyst Society and the Bond Market Association.


Robert Tipp

Manager

Start Date

Oct 30, 2002

Tenure

14.01

Tenure Rank

1.7%

Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds and Foreign Exchange for Prudential Fixed Income. In addition to co-managing the Global Aggregate Plus strategy, Mr. Tipp is responsible for global rates and foreign exchange positioning for Core Plus, Absolute Return, and other portfolios. Mr. Tipp has worked at Prudential since 1991, where he has held a variety of senior investment manager and strategist roles. Prior to joining Prudential Financial, 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.


Richard Piccirillo

Manager

Start Date

Dec 31, 2012

Tenure

3.84

Tenure Rank

6.1%

Richard Piccirillo is a Principal and senior portfolio manager for Prudential Fixed Income’s Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. He is also a member of the Global Rates and Securitized Products Team focusing on CMBS. Mr. Piccirillo has specialized in mortgage-and asset- backed securities since joining Prudential Financial in 1993. Before joining Prudential Financial, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as a financial analyst at Smith Barney. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University.


Michael J. Collins

Manager

Start Date

Nov 18, 2009

Tenure

6.96

Tenure Rank

4.2%

Michael J. Collins, CFA, is a Managing Director and Senior Investment Officer for Prudential Fixed Income. He is also senior portfolio manager for Core Plus, Absolute Return, and other multi-sector Fixed Income strategies.  Previously, Mr. Collins was a High Yield Portfolio Manager and Fixed Income Investment Strategist. He continues to work closely with the high yield team and other credit teams on portfolio strategy and construction. Earlier he was a credit research analyst, covering investment grade and high yield corporate credits.  Additionally, he developed proprietary quantitative international interest rate and currency valuation models for our global bond unit.  Mr. Collins began his career at Prudential Financial in 1986 as a software applications designer.  He received a BS in Mathematics and Computer Science from the State University of New York at Binghamton and an MBA in Finance from New York University.  Mr. Collins holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Life Management Institute (FLMI).


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8