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Trending ETFs

Name

As of 10/24/2023

Price

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

$8.01

$39.6 M

0.00%

1.10%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$39.6 M

Holdings in Top 10

23.6%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 105.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/24/2023

Price

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

$8.01

$39.6 M

0.00%

1.10%

PAJQX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Global Dynamic Bond Fund
  • Fund Family Name
    PRUDENTIAL
  • Inception Date
    Nov 03, 2015
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Tipp

Fund Description

The Fund has a flexible investment strategy and invests in a variety of securities and instruments. The Fund also uses a variety of investment techniques in pursuing its investment objective, which may include managing duration, credit quality, yield curve positioning and currency exposure, as well as sector and security selection.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.Under normal market conditions, the Fund invests at least 80% of its investable assets in fixed income instruments with varying maturities. The term “investable assets” refers to the Fund’s net assets plus any borrowings for investment purposes. The Fund’s investments in fixed income instruments may include bonds, debentures, notes, commercial paper and other similar types of debt instruments, mortgage-related securities, asset-backed securities, currencies, municipal securities, loan assignments and participations, money market instruments, and derivatives related to or referencing these types of securities and instruments. The Fund may invest in fixed and floating rate fixed income instruments of companies or governments.Under normal circumstances, the Fund invests at least 40% of its investable assets in foreign securities, including emerging market securities. The Fund’s investments in foreign 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’s investments may be U.S. or non-U.S. dollar denominated.The Fund invests without limit in high yield fixed income instruments (commonly referred to as “junk” bonds). Lower-rated securities tend to offer higher yields, but also offer greater risks, than higher-rated securities.The Fund may invest in instruments of any duration or maturity.The Fund may invest without limit in derivative instruments, including futures, options, options on futures, foreign currency forward contracts, and swaps, to try to enhance return or to reduce (“hedge”) investment risks. The Fund may enter into certain derivative instruments and transactions that create leverage, such as engaging in futures, forwards, swaps, options and short sales (collectively, “effective leverage”). The Fund may employ effective leverage in addition to any borrowings permitted by the Fund’s policies and restrictions with respect to borrowing. The Fund may engage in short sales or obtain short exposure to the securities or instruments in which it primarily invests. The Fund may use certain interest rate derivatives, such as futures and swaps, to help to capture perceived aberrations in global yield curves and position the Fund in accordance with management's views regarding anticipated shifts in interest rate curves.The Fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities or private issuers, including subprime mortgage-related securities. These securities are usually pass-through instruments that pay investors a share of all interest and principal payments from an underlying pool of fixed or adjustable rate mortgages. Mortgage-related securities issued by the U.S. Government include those issued by the Government National Mortgage Association (“GNMA” or “Ginnie Mae”) and mortgage-related securities issued by agencies of the U.S. Government as well as securities issued by the Federal National Mortgage Assocation (“FNMA” or “Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“FHMLC” or “Freddie Mac”). The U.S. Government or the issuing agency directly or indirectly guarantees the payment of interest and principal on these securities. Privately issued mortgage-related securities that are not guaranteed by U.S. governmental entities generally have one or more types of credit enhancement to ensure timely receipt of payments and to protect against default. Private issuer mortgage-backed securities may include loans on commercial or residential properties.Asset-backed securities in which the Fund may invest are issued in the form of debt instruments that may include collateralized debt obligations (“CDOs”), which may include collateralized bond obligations (“CBOs”) and collateralized loan obligations (“CLOs”).The Fund may invest in floating or fixed rate loans (secured or unsecured) arranged through private negotiations between a corporation or other institution that is the borrower and one or more financial institutions that are the lenders.
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PAJQX - Performance

Return Ranking - Trailing

Period PAJQX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -11.2% 16.2% 1.63%
1 Yr N/A -13.7% 14.5% 0.59%
3 Yr N/A* -17.5% 18.7% 34.44%
5 Yr N/A* -12.1% 13.8% 18.08%
10 Yr N/A* -13.0% 6.0% N/A

* Annualized

Return Ranking - Calendar

Period PAJQX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -31.8% 18.4% 92.42%
2022 N/A -26.6% 25.7% 91.54%
2021 N/A -49.2% 18.7% 80.03%
2020 N/A -35.1% 15.3% 39.34%
2019 N/A -48.0% 3.4% 81.60%

Total Return Ranking - Trailing

Period PAJQX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -11.2% 16.2% 1.63%
1 Yr N/A -13.7% 14.5% 0.59%
3 Yr N/A* -17.5% 18.7% 34.44%
5 Yr N/A* -12.1% 13.8% 18.08%
10 Yr N/A* -13.0% 6.0% N/A

* Annualized

Total Return Ranking - Calendar

Period PAJQX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -31.8% 21.1% 88.18%
2022 N/A -13.5% 49.9% 82.13%
2021 N/A -28.6% 24.1% 70.39%
2020 N/A -4.8% 19.1% 2.37%
2019 N/A -37.3% 8.0% 12.40%

NAV & Total Return History


PAJQX - Holdings

Concentration Analysis

PAJQX Category Low Category High PAJQX % Rank
Net Assets 39.6 M 2.32 M 127 B 94.70%
Number of Holdings 267 3 11525 64.07%
Net Assets in Top 10 9.35 M -1.57 B 47.7 B 93.36%
Weighting of Top 10 23.63% 0.7% 178.3% 61.73%

Top 10 Holdings

  1. (PIPA070) PGIM Core Government Money Market Fund 8.18%
  2. Development Bank of Japan Inc 2.52%
  3. USD/JPY FORWARD 1.87%
  4. eG Global Finance PLC 1.85%
  5. Bundesschatzanweisungen 1.66%
  6. Oaktown Re VII Ltd 1.59%
  7. Spain Government Bond 1.55%
  8. Wells Fargo Commercial Mortgage Trust 2021-FCMT 1.53%
  9. Kuntarahoitus Oyj 1.51%
  10. Petroleos Mexicanos 1.37%

Asset Allocation

Weighting Return Low Return High PAJQX % Rank
Bonds
84.48% -150.81% 194.41% 52.96%
Cash
10.88% -94.66% 258.91% 20.20%
Other
3.66% -57.67% 100.00% 43.87%
Stocks
0.60% -4.16% 111.46% 42.57%
Convertible Bonds
0.55% 0.00% 33.50% 64.89%
Preferred Stocks
0.38% 0.00% 29.97% 25.11%

Stock Sector Breakdown

Weighting Return Low Return High PAJQX % Rank
Energy
91.04% 0.00% 100.00% 15.53%
Technology
4.02% 0.00% 29.61% 27.37%
Communication Services
1.40% 0.00% 100.00% 38.68%
Consumer Cyclical
1.32% 0.00% 89.95% 42.89%
Healthcare
0.67% 0.00% 100.00% 30.00%
Consumer Defense
0.53% 0.00% 99.97% 32.11%
Industrials
0.51% 0.00% 100.00% 45.00%
Financial Services
0.23% 0.00% 100.00% 54.21%
Utilities
0.15% 0.00% 100.00% 41.84%
Real Estate
0.10% 0.00% 100.00% 43.42%
Basic Materials
0.04% 0.00% 100.00% 39.74%

Stock Geographic Breakdown

Weighting Return Low Return High PAJQX % Rank
US
0.60% -4.01% 111.46% 39.68%
Non US
0.00% -0.15% 17.73% 86.00%

Bond Sector Breakdown

Weighting Return Low Return High PAJQX % Rank
Corporate
26.91% 0.00% 97.25% 58.78%
Securitized
12.33% 0.00% 99.65% 59.82%
Cash & Equivalents
8.18% 0.00% 99.42% 27.50%
Government
7.92% 0.00% 99.43% 59.97%
Derivative
3.66% -57.67% 45.33% 5.50%
Municipal
0.17% 0.00% 54.26% 30.21%

Bond Geographic Breakdown

Weighting Return Low Return High PAJQX % Rank
US
46.88% -151.11% 194.41% 78.35%
Non US
37.61% 0.00% 71.97% 6.93%

PAJQX - Expenses

Operational Fees

PAJQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.01% 35.38% 54.90%
Management Fee 0.70% 0.00% 2.29% 68.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

PAJQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PAJQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PAJQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 105.00% 0.00% 632.00% 67.48%

PAJQX - Distributions

Dividend Yield Analysis

PAJQX Category Low Category High PAJQX % Rank
Dividend Yield 0.00% 0.00% 17.69% 28.04%

Dividend Distribution Analysis

PAJQX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

PAJQX Category Low Category High PAJQX % Rank
Net Income Ratio 2.89% -1.55% 11.51% 51.10%

Capital Gain Distribution Analysis

PAJQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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PAJQX - Fund Manager Analysis

Managers

Robert Tipp


Start Date

Tenure

Tenure Rank

Nov 03, 2015

6.58

6.6%

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

Feb 15, 2022

0.29

0.3%

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
0.08 28.19 5.72 3.19