GTRAX: PGIM Global Total Return Fund - MutualFunds.com

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GTRAX - Snapshot

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $4.43 B
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$7.16
$6.02
$7.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 3.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Compare GTRAX to Popular International Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$21.57

+0.23%

$13.84 B

1.86%

$0.40

6.47%

-

$10.70

0.00%

$4.47 B

-

$0.22

1.13%

-

$7.18

+0.28%

$4.43 B

2.92%

$0.21

4.51%

-

$10.20

0.00%

$3.57 B

-

-

-

$5.65

+0.18%

$2.72 B

2.88%

$0.16

1.25%

-

GTRAX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Global Total Return Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Jul 07, 1986
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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 in debt securities that are denominated in U.S. dollars or foreign currencies. The fund is non-diversified.


GTRAX - Performance

Return Ranking - Trailing

Period GTRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -13.8% 11.4% 63.11%
1 Yr 4.3% -8.6% 8.4% 50.97%
3 Yr 5.3%* -1.4% 5.8% 2.62%
5 Yr 5.5%* 0.1% 6.3% 2.69%
10 Yr 4.1%* -1.8% 4.4% 2.61%

* Annualized

Return Ranking - Calendar

Period GTRAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -0.6% 14.8% 27.23%
2018 -5.1% -15.3% -0.2% 56.28%
2017 9.6% -44.4% 14.4% 15.52%
2016 -1.0% -49.7% 14.0% 77.91%
2015 -6.7% -28.1% -0.9% 47.56%

Total Return Ranking - Trailing

Period GTRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -13.8% 11.4% 63.11%
1 Yr 1.0% -9.5% 8.4% 83.01%
3 Yr 4.2%* -1.7% 5.8% 20.94%
5 Yr 4.8%* 0.0% 6.3% 6.99%
10 Yr 3.7%* -1.8% 4.4% 3.92%

* Annualized

Total Return Ranking - Calendar

Period GTRAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -0.6% 14.8% 29.70%
2018 -5.1% -15.3% 3.8% 68.85%
2017 9.6% 0.0% 14.4% 27.59%
2016 -1.0% -3.8% 14.0% 85.47%
2015 -6.7% -28.1% -0.9% 60.37%

NAV & Total Return History


GTRAX - Holdings

Concentration Analysis

GTRAX Category Low Category High GTRAX % Rank
Net Assets 4.43 B 68.9 K 13.8 B 12.86%
Number of Holdings 3771 3 3771 0.48%
Net Assets in Top 10 405 M -655 M 2.26 B 19.52%
Weighting of Top 10 9.29% 4.2% 100.0% 94.58%

Top 10 Holdings

  1. Italy (Republic Of) 6% 2.21%
  2. Republic of Colombia 3.88% 1.29%
  3. Portugal (Republic Of) 4.1% 1.12%
  4. The Republic of Peru 2.75% 0.83%
  5. Brazil Minas SPE 5.33% 0.81%
  6. Spain (Kingdom of) 1.85% 0.68%
  7. Russian Federation 2.88% 0.67%
  8. CBAM 2019-11 LTD / LLC 1.58% 0.57%
  9. Philippines (Republic Of) 3.58% 0.57%
  10. Italy (Republic Of) 3.35% 0.55%

Asset Allocation

Weighting Return Low Return High GTRAX % Rank
Bonds
96.72% 0.00% 253.77% 28.57%
Convertible Bonds
1.87% 0.00% 10.51% 24.29%
Cash
0.99% -158.01% 70.41% 76.19%
Stocks
0.26% -0.10% 34.21% 10.00%
Other
0.17% -8.70% 100.00% 10.95%
Preferred Stocks
0.00% 0.00% 2.21% 82.86%

Stock Sector Breakdown

Weighting Return Low Return High GTRAX % Rank
Utilities
0.00% 0.00% 93.38% 82.86%
Technology
0.00% 0.00% 36.70% 82.61%
Real Estate
0.00% 0.00% 6.39% 81.07%
Industrials
0.00% 0.00% 19.00% 82.86%
Healthcare
0.00% 0.00% 39.53% 84.91%
Financial Services
0.00% 0.00% 100.00% 88.49%
Energy
0.00% 0.00% 60.47% 9.46%
Communication Services
0.00% 0.00% 28.94% 83.12%
Consumer Defense
0.00% 0.00% 13.22% 82.61%
Consumer Cyclical
0.00% 0.00% 100.00% 83.63%
Basic Materials
0.00% 0.00% 100.00% 85.93%

Stock Geographic Breakdown

Weighting Return Low Return High GTRAX % Rank
US
0.24% -0.10% 32.25% 9.05%
Non US
0.02% 0.00% 1.96% 10.95%

Bond Sector Breakdown

Weighting Return Low Return High GTRAX % Rank
Derivative
49.28% 0.00% 61.46% 10.48%
Government
20.02% 0.00% 99.23% 92.86%
Corporate
15.18% 0.00% 98.73% 70.00%
Securitized
10.84% 0.00% 44.52% 28.10%
Cash & Equivalents
4.69% 0.00% 67.60% 51.43%
Municipal
0.00% 0.00% 5.84% 87.14%

Bond Geographic Breakdown

Weighting Return Low Return High GTRAX % Rank
Non US
63.45% 0.00% 122.78% 38.57%
US
33.27% -31.99% 130.99% 41.43%

GTRAX - Expenses

Operational Fees

GTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.18% 27.52% 54.63%
Management Fee 0.50% 0.00% 2.08% 43.13%
12b-1 Fee 0.25% 0.00% 1.00% 52.34%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 1.00% 4.75% 86.21%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GTRAX 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.

GTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 5.00% 440.00% 11.65%

GTRAX - Distributions

Dividend Yield Analysis

GTRAX Category Low Category High GTRAX % Rank
Dividend Yield 0.00% 0.00% 4.34% 79.62%

Dividend Distribution Analysis

GTRAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

GTRAX Category Low Category High GTRAX % Rank
Net Income Ratio 2.40% -1.05% 8.91% 46.83%

Capital Gain Distribution Analysis

GTRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

GTRAX - Fund Manager Analysis

Managers

Robert Tipp


Start Date

Tenure

Tenure Rank

Sep 30, 2002

18.1

18.1%

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 Collins


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.84

10.8%

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.

Matthew Angelucci


Start Date

Tenure

Tenure Rank

Oct 31, 2018

2.0

2.0%

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 Category High Category Average Category Mode
0.3 26.9 6.92 1.67
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