PGIM Government Income B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.9%
1 yr return
5.7%
3 Yr Avg Return
2.0%
5 Yr Avg Return
1.3%
Net Assets
$779 M
Holdings in Top 10
33.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 5.18%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 119.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PBGPX - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM Government Income Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateApr 22, 1985
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Tipp
Fund Description
PBGPX - Performance
Return Ranking - Trailing
Period | PBGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | -4.2% | 8.7% | 52.71% |
1 Yr | 5.7% | -4.3% | 9.7% | 48.28% |
3 Yr | 2.0%* | -2.3% | 3.7% | 50.85% |
5 Yr | 1.3%* | -14.7% | 2.1% | 27.39% |
10 Yr | 0.6%* | -2.0% | 1.4% | 11.35% |
* Annualized
Return Ranking - Calendar
Period | PBGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.7% | -0.4% | 4.9% | 31.34% |
2022 | -2.0% | -3.4% | -0.7% | 53.44% |
2021 | 0.1% | -2.3% | 0.9% | 24.71% |
2020 | 0.0% | -9.3% | 1.4% | 5.56% |
2019 | -2.2% | -4.5% | 3.3% | 79.35% |
Total Return Ranking - Trailing
Period | PBGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | -4.2% | 8.7% | 52.71% |
1 Yr | 5.7% | -4.3% | 9.7% | 48.28% |
3 Yr | 2.0%* | -1.2% | 4.9% | 55.93% |
5 Yr | 1.5%* | -14.7% | 3.8% | 28.03% |
10 Yr | 1.1%* | -2.0% | 3.5% | 33.33% |
* Annualized
Total Return Ranking - Calendar
Period | PBGPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.7% | -0.2% | 4.9% | 35.32% |
2022 | -2.0% | -3.4% | 3.0% | 64.55% |
2021 | 0.6% | -1.9% | 2.8% | 22.35% |
2020 | 0.4% | -9.3% | 1.5% | 21.60% |
2019 | -1.1% | -4.5% | 3.3% | 40.65% |
PBGPX - Holdings
Concentration Analysis
PBGPX | Category Low | Category High | PBGPX % Rank | |
---|---|---|---|---|
Net Assets | 779 M | 1.41 M | 26.5 B | 58.25% |
Number of Holdings | 634 | 2 | 15554 | 18.93% |
Net Assets in Top 10 | 273 M | 0 | 7.2 B | 40.29% |
Weighting of Top 10 | 33.78% | 0.0% | 100.0% | 56.50% |
Top 10 Holdings
- United States Treasury Bonds 3.75% 6.97%
- United States Treasury Notes 2.25% 5.51%
- United States Treasury Bonds 3.62% 4.05%
- United States Treasury Notes 2.38% 3.41%
- United States Treasury Bonds 2.88% 3.00%
- United States Treasury Bonds 3% 2.81%
- United States Treasury Notes 1.12% 2.58%
- United States Treasury Bonds 3% 2.07%
- United States Treasury Bonds 3.38% 1.98%
- United States Treasury Bonds 3.12% 1.40%
Asset Allocation
Weighting | Return Low | Return High | PBGPX % Rank | |
---|---|---|---|---|
Bonds | 93.83% | 0.00% | 143.49% | 62.62% |
Cash | 6.16% | -40.13% | 100.00% | 38.35% |
Stocks | 0.00% | 0.00% | 11.99% | 62.14% |
Preferred Stocks | 0.00% | 0.00% | 0.01% | 62.14% |
Other | 0.00% | -48.95% | 15.29% | 58.74% |
Convertible Bonds | 0.00% | 0.00% | 0.25% | 63.11% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PBGPX % Rank | |
---|---|---|---|---|
Securitized | 46.67% | 0.00% | 98.20% | 62.14% |
Government | 46.04% | 0.00% | 100.00% | 26.70% |
Cash & Equivalents | 6.51% | 0.00% | 100.00% | 52.43% |
Corporate | 0.79% | 0.00% | 7.19% | 13.11% |
Derivative | 0.00% | 0.00% | 5.72% | 67.48% |
Municipal | 0.00% | 0.00% | 14.41% | 69.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PBGPX % Rank | |
---|---|---|---|---|
US | 89.79% | 0.00% | 143.49% | 67.48% |
Non US | 4.04% | 0.00% | 5.02% | 3.40% |
PBGPX - Expenses
Operational Fees
PBGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 5.18% | 0.03% | 5.18% | 0.51% |
Management Fee | 0.47% | 0.00% | 0.85% | 77.67% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.99% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
PBGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.50% | 13.33% |
Trading Fees
PBGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PBGPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 119.00% | 0.00% | 421.00% | 67.06% |
PBGPX - Distributions
Dividend Yield Analysis
PBGPX | Category Low | Category High | PBGPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.37% | 67.96% |
Dividend Distribution Analysis
PBGPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PBGPX | Category Low | Category High | PBGPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.74% | 0.34% | 2.93% | 98.52% |
Capital Gain Distribution Analysis
PBGPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.011 | |
Feb 28, 2019 | $0.008 | |
Jan 31, 2019 | $0.008 | |
Dec 31, 2018 | $0.011 | |
Nov 30, 2018 | $0.011 | |
Oct 31, 2018 | $0.011 | |
Aug 31, 2018 | $0.009 | |
Jul 31, 2018 | $0.008 | |
Jun 29, 2018 | $0.009 | |
May 31, 2018 | $0.007 | |
Apr 30, 2018 | $0.006 | |
Mar 29, 2018 | $0.007 | |
Feb 28, 2018 | $0.007 | |
Jan 31, 2018 | $0.005 | |
Dec 29, 2017 | $0.008 | |
Nov 30, 2017 | $0.010 | |
Oct 31, 2017 | $0.011 | |
Sep 29, 2017 | $0.011 | |
Aug 31, 2017 | $0.005 | |
Jul 31, 2017 | $0.005 | |
Jun 30, 2017 | $0.006 | |
May 31, 2017 | $0.005 | |
Apr 28, 2017 | $0.004 | |
Mar 31, 2017 | $0.004 | |
Feb 28, 2017 | $0.004 | |
Jan 31, 2017 | $0.004 | |
Dec 30, 2016 | $0.004 | |
Nov 30, 2016 | $0.004 | |
Oct 31, 2016 | $0.003 | |
Sep 30, 2016 | $0.002 | |
Aug 31, 2016 | $0.003 | |
Jul 29, 2016 | $0.002 | |
Jun 30, 2016 | $0.003 | |
Apr 29, 2016 | $0.003 | |
Mar 31, 2016 | $0.003 | |
Feb 29, 2016 | $0.002 | |
Jan 29, 2016 | $0.002 | |
Dec 31, 2015 | $0.002 | |
Nov 30, 2015 | $0.000 | |
Oct 30, 2015 | $0.001 | |
Sep 30, 2015 | $0.003 | |
Aug 31, 2015 | $0.003 | |
Jul 31, 2015 | $0.003 | |
Jun 30, 2015 | $0.003 | |
Apr 30, 2015 | $0.003 | |
Mar 31, 2015 | $0.003 | |
Feb 27, 2015 | $0.004 | |
Jan 30, 2015 | $0.001 | |
Dec 31, 2014 | $0.002 | |
Nov 28, 2014 | $0.003 | |
Oct 31, 2014 | $0.003 | |
Sep 30, 2014 | $0.005 | |
Aug 29, 2014 | $0.004 | |
Jul 31, 2014 | $0.005 | |
Jun 30, 2014 | $0.004 | |
May 30, 2014 | $0.004 | |
Apr 30, 2014 | $0.005 | |
Mar 31, 2014 | $0.003 | |
Feb 28, 2014 | $0.005 | |
Jan 31, 2014 | $0.003 | |
Dec 31, 2013 | $0.004 | |
Nov 29, 2013 | $0.008 | |
Sep 30, 2013 | $0.007 | |
Aug 30, 2013 | $0.009 | |
Jul 31, 2013 | $0.008 | |
Jun 28, 2013 | $0.007 | |
May 31, 2013 | $0.008 | |
Apr 30, 2013 | $0.008 | |
Mar 28, 2013 | $0.010 | |
Feb 28, 2013 | $0.011 | |
Jan 31, 2013 | $0.011 | |
Dec 31, 2012 | $0.010 | |
Nov 30, 2012 | $0.010 | |
Oct 31, 2012 | $0.010 | |
Sep 28, 2012 | $0.011 | |
Aug 31, 2012 | $0.014 | |
Jul 31, 2012 | $0.012 | |
Jun 29, 2012 | $0.012 | |
May 31, 2012 | $0.013 | |
Apr 30, 2012 | $0.013 | |
Mar 30, 2012 | $0.014 | |
Feb 29, 2012 | $0.013 | |
Jan 31, 2012 | $0.014 | |
Dec 30, 2011 | $0.013 | |
Nov 30, 2011 | $0.014 | |
Oct 31, 2011 | $0.013 | |
Sep 30, 2011 | $0.014 | |
Aug 31, 2011 | $0.013 | |
Jul 29, 2011 | $0.016 | |
Jun 24, 2011 | $0.015 | |
May 25, 2011 | $0.015 | |
Apr 25, 2011 | $0.015 | |
Mar 25, 2011 | $0.014 | |
Feb 25, 2011 | $0.018 | |
Jan 25, 2011 | $0.013 | |
Dec 31, 2010 | $0.003 | |
Dec 23, 2010 | $0.016 | |
Nov 24, 2010 | $0.016 | |
Oct 25, 2010 | $0.015 | |
Sep 24, 2010 | $0.017 | |
Aug 25, 2010 | $0.016 | |
Jul 23, 2010 | $0.015 | |
Jun 25, 2010 | $0.018 | |
May 25, 2010 | $0.016 | |
Apr 23, 2010 | $0.017 | |
Mar 25, 2010 | $0.017 | |
Feb 25, 2010 | $0.020 |
PBGPX - Fund Manager Analysis
Managers
Robert Tipp
Start Date
Tenure
Tenure Rank
Nov 30, 2003
16.59
16.6%
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.
Craig Dewling
Start Date
Tenure
Tenure Rank
Apr 30, 2007
13.18
13.2%
Craig Dewling is a Managing Director and Head of the Multi-Sector and Liquidity Team at PGIM Fixed Income. In this role, Mr. Dewling has portfolio management and trading oversight for US Treasuries and government agency securities, mortgage-backed securities, structured product securities, and interest rate derivative transactions for all strategies, products, and distribution channels. He is also a senior portfolio manager for US Government, mortgage-backed securities, insurance strategies, and multi-sector fixed income portfolios. He has specialized in mortgage-backed securities since 1991. Earlier, he was a taxable bond generalist for Prudential's proprietary accounts, specializing in US Treasuries and agencies. Mr. Dewling joined the Firm in 1987 in the Securities Systems Group. Mr. Dewling received a BS in Quantitative Business Analysis from The Pennsylvania State University and an MBA in Finance from Rutgers University.
Erik Schiller
Start Date
Tenure
Tenure Rank
Dec 31, 2012
7.5
7.5%
Erik Schiller, CFA, is a Managing Director and Head of Developed Market Interest Rates for PGIM Fixed Income's Multi-Sector and Liquidity Team, specializing in government securities, futures, interest rate swaps/derivatives, and agency debentures. Mr. Schiller holds a senior portfolio management role where he develops portfolio strategy, performs quantitative analysis, and designs and implements risk positions within the liquidity relative value strategy portfolios, multi-sector fixed income portfolios, liability-driven portfolios, and government securities focused mutual funds. He has held this role since 2006. Formerly, Mr. Schiller was a Vice President for PGIM Fixed Income's US Liquidity Sector Team, and previously a hedge fund analyst within the Portfolio Analysis Group. Mr. Schiller joined the Firm in 2000 as an operations associate in the mortgage-backed securities group. He received a BA with high honors in Economics from Hobart College and holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 29.72 | 8.19 | 5.43 |