PGIM CORPORATE BOND FUND
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.7%
1 yr return
1.3%
3 Yr Avg Return
-3.8%
5 Yr Avg Return
0.0%
Net Assets
$24.1 M
Holdings in Top 10
13.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.94%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCWCX - Profile
Distributions
- YTD Total Return -1.7%
- 3 Yr Annualized Total Return -3.8%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.43%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM CORPORATE BOND FUND
-
Fund Family NamePRUDENTIAL
-
Inception DateMay 28, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTerence Wheat
Fund Description
PCWCX - Performance
Return Ranking - Trailing
Period | PCWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.7% | -6.0% | 2.7% | 74.43% |
1 Yr | 1.3% | -3.3% | 9.0% | 77.84% |
3 Yr | -3.8%* | -10.0% | 39.3% | 87.86% |
5 Yr | 0.0%* | -4.4% | 26.0% | 96.86% |
10 Yr | N/A* | -0.6% | 13.9% | 98.48% |
* Annualized
Return Ranking - Calendar
Period | PCWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -5.6% | 6.3% | 21.02% |
2022 | -19.2% | -28.7% | 142.1% | 66.86% |
2021 | -5.3% | -12.3% | 4.9% | 75.00% |
2020 | 6.3% | -8.0% | 10.6% | 36.31% |
2019 | 10.2% | 4.3% | 13.4% | 46.84% |
Total Return Ranking - Trailing
Period | PCWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.7% | -6.0% | 2.7% | 74.43% |
1 Yr | 1.3% | -3.3% | 9.0% | 77.84% |
3 Yr | -3.8%* | -10.0% | 39.3% | 87.86% |
5 Yr | 0.0%* | -4.4% | 26.0% | 96.86% |
10 Yr | N/A* | -0.6% | 13.9% | 97.73% |
* Annualized
Total Return Ranking - Calendar
Period | PCWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -5.6% | 12.9% | 71.59% |
2022 | -17.0% | -25.6% | 151.8% | 88.00% |
2021 | -1.6% | -5.1% | 7.5% | 86.63% |
2020 | 8.6% | -8.0% | 116.0% | 77.38% |
2019 | 12.8% | 6.7% | 17.4% | 80.38% |
NAV & Total Return History
PCWCX - Holdings
Concentration Analysis
PCWCX | Category Low | Category High | PCWCX % Rank | |
---|---|---|---|---|
Net Assets | 24.1 M | 5.45 M | 47.3 B | 93.75% |
Number of Holdings | 262 | 4 | 10179 | 84.66% |
Net Assets in Top 10 | 3.42 M | -29.6 M | 3.67 B | 95.45% |
Weighting of Top 10 | 13.93% | 1.5% | 143.5% | 40.91% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 1.95%
- Morgan Stanley 1.71%
- Puget Energy Inc 1.59%
- Wells Fargo Co 1.45%
- JPMorgan Chase Co 1.40%
- DCP Midstream Operating LP 1.27%
- SITE Centers Corp 1.22%
- Citigroup Inc 1.17%
- Bank of America Corp 1.08%
- Broadcom Inc 1.08%
Asset Allocation
Weighting | Return Low | Return High | PCWCX % Rank | |
---|---|---|---|---|
Bonds | 96.84% | 0.00% | 136.47% | 44.89% |
Convertible Bonds | 3.50% | 0.00% | 78.47% | 65.34% |
Cash | 3.02% | -43.80% | 45.81% | 42.05% |
Other | 0.14% | -1.14% | 13.53% | 57.39% |
Stocks | 0.00% | 0.00% | 99.96% | 36.93% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 39.20% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PCWCX % Rank | |
---|---|---|---|---|
Corporate | 91.54% | 41.80% | 99.80% | 30.11% |
Securitized | 5.66% | 0.00% | 23.18% | 12.50% |
Cash & Equivalents | 1.95% | 0.00% | 45.81% | 53.41% |
Government | 1.18% | 0.00% | 25.63% | 78.41% |
Municipal | 0.29% | 0.00% | 3.62% | 46.02% |
Derivative | 0.14% | -0.21% | 2.35% | 30.11% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PCWCX % Rank | |
---|---|---|---|---|
US | 96.84% | 0.00% | 109.04% | 40.34% |
Non US | 0.00% | 0.00% | 47.05% | 41.48% |
PCWCX - Expenses
Operational Fees
PCWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.94% | 0.02% | 46.23% | 2.87% |
Management Fee | 0.45% | 0.00% | 1.35% | 71.59% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 82.89% |
Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
PCWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 35.00% |
Trading Fees
PCWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
PCWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 259.00% | 45.98% |
PCWCX - Distributions
Dividend Yield Analysis
PCWCX | Category Low | Category High | PCWCX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.87% | 0.00% | 6.07% | 96.02% |
Dividend Distribution Analysis
PCWCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PCWCX | Category Low | Category High | PCWCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.43% | 0.38% | 5.93% | 90.80% |
Capital Gain Distribution Analysis
PCWCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.023 | OrdinaryDividend |
Feb 29, 2024 | $0.022 | DailyAccrualFund |
Jan 31, 2024 | $0.023 | DailyAccrualFund |
Dec 29, 2023 | $0.023 | DailyAccrualFund |
Nov 30, 2023 | $0.022 | DailyAccrualFund |
Oct 31, 2023 | $0.023 | DailyAccrualFund |
Sep 29, 2023 | $0.022 | DailyAccrualFund |
Aug 31, 2023 | $0.023 | DailyAccrualFund |
Jul 31, 2023 | $0.022 | DailyAccrualFund |
Jun 30, 2023 | $0.022 | DailyAccrualFund |
May 31, 2023 | $0.022 | DailyAccrualFund |
Apr 28, 2023 | $0.022 | DailyAccrualFund |
Mar 31, 2023 | $0.022 | DailyAccrualFund |
Feb 28, 2023 | $0.020 | DailyAccrualFund |
Jan 31, 2023 | $0.021 | DailyAccrualFund |
Dec 30, 2022 | $0.021 | DailyAccrualFund |
Nov 30, 2022 | $0.021 | DailyAccrualFund |
Oct 31, 2022 | $0.021 | DailyAccrualFund |
Sep 30, 2022 | $0.020 | DailyAccrualFund |
Aug 31, 2022 | $0.020 | DailyAccrualFund |
Jul 29, 2022 | $0.020 | DailyAccrualFund |
Jun 30, 2022 | $0.020 | DailyAccrualFund |
May 31, 2022 | $0.020 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.018 | DailyAccrualFund |
Feb 28, 2022 | $0.016 | DailyAccrualFund |
Jan 31, 2022 | $0.017 | DailyAccrualFund |
Dec 31, 2021 | $0.018 | DailyAccrualFund |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.015 | DailyAccrualFund |
Sep 30, 2021 | $0.015 | DailyAccrualFund |
Aug 31, 2021 | $0.017 | DailyAccrualFund |
Jul 30, 2021 | $0.017 | DailyAccrualFund |
Jun 30, 2021 | $0.017 | DailyAccrualFund |
May 28, 2021 | $0.018 | DailyAccrualFund |
Apr 30, 2021 | $0.018 | DailyAccrualFund |
Mar 31, 2021 | $0.019 | DailyAccrualFund |
Feb 26, 2021 | $0.016 | DailyAccrualFund |
Jan 29, 2021 | $0.017 | DailyAccrualFund |
Dec 31, 2020 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.017 | DailyAccrualFund |
Oct 30, 2020 | $0.018 | DailyAccrualFund |
Sep 30, 2020 | $0.017 | DailyAccrualFund |
Aug 31, 2020 | $0.017 | DailyAccrualFund |
Jul 31, 2020 | $0.018 | DailyAccrualFund |
Jun 30, 2020 | $0.019 | DailyAccrualFund |
May 29, 2020 | $0.019 | DailyAccrualFund |
Apr 30, 2020 | $0.021 | DailyAccrualFund |
Mar 31, 2020 | $0.022 | DailyAccrualFund |
Feb 28, 2020 | $0.020 | DailyAccrualFund |
Jan 31, 2020 | $0.022 | DailyAccrualFund |
Dec 31, 2019 | $0.021 | DailyAccrualFund |
Nov 29, 2019 | $0.021 | DailyAccrualFund |
Oct 31, 2019 | $0.021 | DailyAccrualFund |
Sep 30, 2019 | $0.019 | DailyAccrualFund |
Aug 30, 2019 | $0.023 | DailyAccrualFund |
Jul 31, 2019 | $0.023 | DailyAccrualFund |
Jun 28, 2019 | $0.021 | OrdinaryDividend |
May 31, 2019 | $0.025 | DailyAccrualFund |
Apr 30, 2019 | $0.023 | DailyAccrualFund |
Mar 29, 2019 | $0.024 | DailyAccrualFund |
Feb 28, 2019 | $0.021 | DailyAccrualFund |
Jan 31, 2019 | $0.022 | DailyAccrualFund |
Dec 31, 2018 | $0.022 | DailyAccrualFund |
Nov 30, 2018 | $0.026 | DailyAccrualFund |
Oct 31, 2018 | $0.024 | DailyAccrualFund |
Aug 31, 2018 | $0.026 | DailyAccrualFund |
Jul 31, 2018 | $0.022 | DailyAccrualFund |
Jun 29, 2018 | $0.023 | DailyAccrualFund |
May 31, 2018 | $0.023 | DailyAccrualFund |
Apr 30, 2018 | $0.022 | DailyAccrualFund |
Mar 29, 2018 | $0.024 | DailyAccrualFund |
Feb 28, 2018 | $0.021 | DailyAccrualFund |
Jan 31, 2018 | $0.022 | DailyAccrualFund |
Dec 29, 2017 | $0.022 | DailyAccrualFund |
Nov 30, 2017 | $0.019 | DailyAccrualFund |
Oct 31, 2017 | $0.020 | DailyAccrualFund |
Sep 29, 2017 | $0.021 | DailyAccrualFund |
Aug 31, 2017 | $0.021 | DailyAccrualFund |
Jul 31, 2017 | $0.020 | DailyAccrualFund |
Jun 30, 2017 | $0.022 | DailyAccrualFund |
May 31, 2017 | $0.022 | DailyAccrualFund |
Apr 28, 2017 | $0.020 | DailyAccrualFund |
Mar 31, 2017 | $0.024 | DailyAccrualFund |
Feb 28, 2017 | $0.020 | DailyAccrualFund |
Jan 31, 2017 | $0.022 | DailyAccrualFund |
Dec 30, 2016 | $0.021 | DailyAccrualFund |
Nov 30, 2016 | $0.020 | DailyAccrualFund |
Oct 31, 2016 | $0.019 | DailyAccrualFund |
Sep 30, 2016 | $0.021 | DailyAccrualFund |
Aug 31, 2016 | $0.019 | DailyAccrualFund |
Jul 29, 2016 | $0.021 | DailyAccrualFund |
Jun 30, 2016 | $0.020 | DailyAccrualFund |
May 31, 2016 | $0.020 | DailyAccrualFund |
Apr 29, 2016 | $0.017 | DailyAccrualFund |
Mar 31, 2016 | $0.017 | DailyAccrualFund |
Feb 29, 2016 | $0.013 | DailyAccrualFund |
Jan 29, 2016 | $0.020 | DailyAccrualFund |
Dec 31, 2015 | $0.020 | DailyAccrualFund |
Nov 30, 2015 | $0.018 | DailyAccrualFund |
Oct 30, 2015 | $0.019 | DailyAccrualFund |
Sep 30, 2015 | $0.019 | DailyAccrualFund |
Aug 31, 2015 | $0.017 | DailyAccrualFund |
Jul 31, 2015 | $0.020 | DailyAccrualFund |
Jun 30, 2015 | $0.016 | DailyAccrualFund |
PCWCX - Fund Manager Analysis
Managers
Terence Wheat
Start Date
Tenure
Tenure Rank
Jul 11, 2018
3.89
3.9%
Terence Wheat, CFA, is Principal, global high yield portfolio manager and emerging markets corporate portfolio manager at Prudential Fixed Income. Previously, he was a high yield portfolio manager for Prudential Fixed Income's High Yield Team for six years. Mr. Wheat also spent 12 years as a credit analyst in Prudential Fixed Income's Credit Research Group, where he was responsible for the consumer products, gaming and leisure, retail, supermarkets, and textile/apparel industries. Mr. Wheat covered high yield bonds from 1998 to 2003, and investment grade issues from 1993 to 1998. Earlier, he worked for Prudential's Financial Management Group. Mr. Wheat joined Prudential in 1988. He received a BS in Accounting and an MBA from Rider University. Mr. Wheat holds the Chartered Financial Analyst (CFA) designation.
Alyssa Davis
Start Date
Tenure
Tenure Rank
Jul 11, 2018
3.89
3.9%
Alyssa Davis is a Vice President and portfolio manager for PGIM Fixed Income's Investment Grade Corporate Team. Prior to her current role, Ms. Davis was a credit analyst in PGIM Fixed Income's Credit Research Group. As an analyst, Ms. Davis helped cover the retail, supermarket, consumer products, gaming, food and beverage, tobacco, leisure, and lodging sectors for investment grade and non-investment grade bond portfolios. Previously, she was an investment analyst for PGIM Fixed Income’s Investment Strategy Team, and an investment operations specialist for two different investment management product teams. Ms. Davis joined the Firm in 1997. She received a BS in Finance from Bryant College.
David Del Vecchio
Start Date
Tenure
Tenure Rank
Apr 25, 2019
3.1
3.1%
David Del Vecchio is a Managing Director and portfolio manager for PGIM Fixed Income’s U.S. Investment Grade Corporate Bond Team. Mr. Del Vecchio’s responsibilities include corporate strategies as well as corporate security selection in multi-sector strategies. Prior to his current role, Mr. Del Vecchio was a taxable money markets portfolio manager for the Money Markets Group, responsible for managing proprietary fixed income accounts, as well as the securities lending portfolios. Prior to joining the Money Markets Group in 2000, he was responsible for the lending/repurchase agreements of U.S. government, agency, and STRIP securities in PGIM Fixed Income’s Securities Lending Group. Mr. Del Vecchio joined the Firm in 1995. He received a BS in Business Administration with a specialization in Finance from The College of New Jersey, and an MBA in Finance from New York University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.74 | 2.47 |