PCTRX: PGIM Global Total Return C

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PCTRX PGIM Global Total Return C

  • Fund
  • PCTRX
  • Price as of: Nov 20, 2019
  • $7.00 + $0.01 + 0.14%

PCTRX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $2.63 B
  • Holdings in Top 10 9.8%

52 WEEK LOW AND HIGH

$7.00
$6.34
$7.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name PGIM Global Total Return Fund
  • Fund Family Name PGIM Funds (Prudential)
  • Inception Date Jan 15, 1996
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Tipp

Fund Description

The fund 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 mortgages and mortgage-related securities and U.S. or foreign short-term and long-term bank debt securities or bank deposits. It may invest up to 35% of its total assets in speculative, lower-rated securities, also known as "junk" bonds. The fund is non-diversified.

PCTRX - Performance

Return Ranking - Trailing

Period PCTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -11.8% 80.1% 34.13%
1 Yr 10.2% -16.5% 34.4% 24.25%
3 Yr 3.7%* -10.3% 10.7% 16.85%
5 Yr 0.5%* -9.0% 22.1% 34.04%
10 Yr -0.4%* -5.4% 12.3% 76.04%

* Annualized


Return Ranking - Calendar

Period PCTRX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.1% -53.1% 2.2% 28.27%
2017 9.8% -9.1% 15.4% 5.42%
2016 -1.1% -12.3% 219.0% 89.72%
2015 -6.5% -29.9% 14.0% 45.89%
2014 -0.1% -22.4% 200.4% 30.19%

Total Return Ranking - Trailing

Period PCTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -11.8% 80.1% 35.18%
1 Yr 10.2% -16.5% 34.4% 25.60%
3 Yr 3.7%* -10.3% 14.9% 26.63%
5 Yr 0.5%* -7.1% 31.9% 54.55%
10 Yr 0.6%* -5.4% 21.0% 64.52%

* Annualized


Total Return Ranking - Calendar

Period PCTRX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.1% -53.1% 3.8% 36.74%
2017 9.8% -6.6% 21.6% 21.34%
2016 -1.1% -12.3% 242.1% 92.94%
2015 -6.5% -29.9% 22.6% 61.69%
2014 -0.1% -22.2% 203.8% 49.76%

NAV & Total Return History

PCTRX - Holdings

Concentration Analysis

PCTRX Category Low Category High PCTRX % Rank
Net Assets 2.63 B 926 K 14.1 B 12.43%
Number of Holdings 3572 5 3572 0.59%
Net Assets in Top 10 260 M -144 M 11.4 B 21.30%
Weighting of Top 10 9.83% 5.6% 1055.7% 96.75%

Top 10 Holdings

  1. Italy (Republic Of) 6% 1.78%

  2. Portugal (Republic Of) 3.88% 1.57%

  3. Brazil Minas SPE 5.33% 0.98%

  4. CBAM 2019-11 LTD 0% 0.95%

  5. Bvrt_19-1f 0.85%

  6. ANCHORAGE CAP CLO 11 LTD / LLC 3.53% 0.76%

  7. HPS Loan Management 15-2019 LTD / LLC 3.49% 0.75%

  8. Italy (Republic Of) 5.12% 0.74%

  9. Italy (Republic Of) 3.35% 0.74%

  10. Spain (Kingdom of) 5.25% 0.72%


Asset Allocation

Weighting Return Low Return High PCTRX % Rank
Bonds
96.12% 80.10% 1025.08% 43.05%
Convertible Bonds
1.82% 0.00% 50.87% 15.09%
Cash
1.72% -1000.79% 20.55% 54.14%
Stocks
0.34% -61.27% 110.51% 28.55%
Preferred Stocks
0.00% 0.00% 10.86% 62.28%
Other
0.00% -31.37% 67.70% 64.20%

Stock Sector Breakdown

Weighting Return Low Return High PCTRX % Rank
Utilities
0.00% -0.05% 38.40% 71.30%
Technology
0.00% -1.46% 25.53% 71.53%
Real Estate
0.00% -0.61% 8.32% 71.06%
Industrials
0.00% -0.16% 27.15% 71.76%
Healthcare
0.00% -1.62% 16.17% 72.45%
Financial Services
0.00% -0.26% 16.51% 78.47%
Energy
0.00% -4.19% 6.08% 78.47%
Communication Services
0.00% -1.88% 6.67% 72.92%
Consumer Defense
0.00% -1.16% 8.02% 70.37%
Consumer Cyclical
0.00% -0.20% 23.34% 71.76%
Basic Materials
0.00% -0.52% 6.18% 75.00%

Stock Geographic Breakdown

Weighting Return Low Return High PCTRX % Rank
US
0.34% -61.27% 102.46% 25.59%
Non US
0.00% -3.71% 48.86% 72.78%

Bond Sector Breakdown

Weighting Return Low Return High PCTRX % Rank
Government
39.37% -1.71% 1025.08% 77.22%
Corporate
30.34% 0.00% 242.29% 24.85%
Securitized
27.74% 0.00% 113.77% 13.91%
Derivative
1.18% -167.75% 61.05% 9.47%
Cash & Equivalents
0.67% -999.86% 49.97% 61.54%
Municipal
0.01% 0.00% 74.38% 15.09%

Bond Geographic Breakdown

Weighting Return Low Return High PCTRX % Rank
Non US
59.33% -95.83% 193.82% 53.55%
US
36.79% -66.44% 1120.91% 51.33%

PCTRX - Expenses

Operational Fees

PCTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.17% 290.47% 33.73%
Management Fee 0.50% 0.00% 2.50% 26.60%
12b-1 Fee 1.00% 0.00% 1.00% 87.86%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PCTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 50.55%

Trading Fees

PCTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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.

PCTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 963.00% 24.27%

PCTRX - Distributions

Dividend Yield Analysis

PCTRX Category Low Category High PCTRX % Rank
Dividend Yield 1.02% 0.00% 13.32% 64.20%

Dividend Distribution Analysis

PCTRX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

PCTRX Category Low Category High PCTRX % Rank
Net Income Ratio 1.37% -1.65% 8.90% 74.40%

Capital Gain Distribution Analysis

PCTRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

PCTRX - Managers

Robert Tipp

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2002

17.1

17.1%

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.


Michael J. Collins

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

9.84

9.8%

Michael J. Collins, CFA, is a Managing Director and Senior Portfolio Manager for Core, 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. 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 the Firm 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). Named Morningstar’s 2017 Fixed Income Manager of The Year for Prudential Total Return Bond Fund.


Arvind Rajan

Manager

Start Date

Tenure

Tenure Rank

Dec 30, 2015

3.84

3.8%

Arvind Rajan, PhD, is a Managing Director and Head of Global and Macro at PGIM Fixed Income, heading the FX, Global Bond, Emerging Markets Debt, Investment Strategy and Economic Research teams. In 2015, Mr. Rajan was appointed Adjunct Full Professor at the NYU Stern School of Management. Previously, he was Head of PGIM Fixed Income’s Quantitative Research and Risk Management Group. Prior to joining Prudential Financial in 2008, Mr. Rajan worked at Citigroup, where he had been Co-Head of US Fixed Income Strategy. At Citigroup, Mr. Rajan was twice ranked first and once ranked second in the All-American Fixed Income Research poll conducted annually by Institutional Investor magazine. Mr. Rajan also co-authored The Structured Credit Handbook, published in 2007. In 2006, he founded a unit that traded emerging markets and credit instruments as part of Citigroup’s global multi-strategy proprietary trading group. From 2003 to 2006, he was the Global Head of Structured Credit Research. From 1997 to 2003, Mr. Rajan was the Global Head of Emerging Markets Quantitative Research and Strategy for the Fixed Income Division at Salomon Smith Barney. He joined the Bond Portfolio Analysis group at Salomon Brothers in 1994, after working at AT&T Bell Labs and teaching at Rice University. Mr. Rajan received a bachelor's degree from the Indian Institute of Technology as well as an MS and PhD in Operations Research from Northwestern University.


Matthew Angelucci

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2018

1.0

1.0%

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.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17