PDBAX: PGIM Total Return Bond Fund - MutualFunds.com

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PDBAX - Snapshot

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $60.7 B
  • Holdings in Top 10 7.6%

52 WEEK LOW AND HIGH

$15.07
$13.39
$15.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load 3.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 45.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare PDBAX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$88.22

-0.10%

$293.42 B

2.30%

$2.03

5.15%

-

$11.62

-0.09%

$293.42 B

-

$0.02

5.16%

-

$11.53

-0.09%

$204.55 B

2.26%

$0.26

4.72%

-

$11.67

-0.09%

$89.02 B

1.67%

$0.19

6.67%

-

$118.10

-0.14%

$81.57 B

2.23%

$2.64

5.06%

-

PDBAX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Total Return Bond Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Jan 10, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Tipp

Fund Description

The fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by the fund's subadviser. It invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. For purposes of this policy, bonds include all fixed income securities, other than preferred stock, with a maturity at date of issue of greater than one year. The fund may invest up to 30% of its investable assets in speculative, high risk, below investment-grade securities having a rating of not lower than CCC. It may invest up to 30% of its investable assets in foreign debt securities.


PDBAX - Performance

Return Ranking - Trailing

Period PDBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -8.0% 951.6% 74.86%
1 Yr 4.6% -4.8% 16.6% 83.18%
3 Yr 4.9%* 0.9% 8.1% 40.84%
5 Yr 4.7%* 1.0% 7.9% 14.53%
10 Yr 4.5%* 1.3% 7.5% 9.21%

* Annualized

Return Ranking - Calendar

Period PDBAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -1.7% 13.9% 88.63%
2018 -4.6% -10.3% 2.7% 86.77%
2017 3.5% -49.5% 8.1% 2.44%
2016 0.9% -49.3% 192.8% 35.14%
2015 -3.1% -12.2% 0.2% 58.96%

Total Return Ranking - Trailing

Period PDBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -8.0% 951.6% 74.76%
1 Yr 1.2% -7.9% 16.6% 92.83%
3 Yr 3.8%* 0.4% 8.1% 78.29%
5 Yr 4.0%* 0.7% 7.9% 47.07%
10 Yr 4.2%* 1.3% 7.5% 19.06%

* Annualized

Total Return Ranking - Calendar

Period PDBAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -1.7% 13.9% 89.13%
2018 -4.0% -10.3% 3.9% 77.11%
2017 3.5% -6.0% 8.4% 17.09%
2016 1.9% -5.7% 204.3% 30.37%
2015 -3.1% -12.2% 3.7% 70.59%

NAV & Total Return History


PDBAX - Holdings

Concentration Analysis

PDBAX Category Low Category High PDBAX % Rank
Net Assets 60.7 B 3.15 M 293 B 3.89%
Number of Holdings 3824 1 18468 5.31%
Net Assets in Top 10 4.58 B -1.17 B 39.4 B 8.66%
Weighting of Top 10 7.60% 3.1% 100.0% 97.23%

Top 10 Holdings

  1. United States Treasury Bonds 3.38% 2.02%
  2. Portugal (Republic Of) 5.12% 1.30%
  3. PGIM Core Short-Term Bond 1.07%
  4. Bvrt_19-1f 0.58%
  5. Bvrt_19-1f 0.58%
  6. Bvrt_19-1f 0.58%
  7. Bvrt_19-1f 0.58%
  8. Bvrt_19-1f 0.58%
  9. Bvrt_19-1f 0.58%
  10. Bvrt_19-1f 0.58%

Asset Allocation

Weighting Return Low Return High PDBAX % Rank
Bonds
95.74% -56.20% 351.52% 42.51%
Cash
2.22% -238.91% 164.87% 64.15%
Convertible Bonds
1.51% 0.00% 11.80% 39.20%
Other
0.35% -14.22% 7.23% 5.03%
Preferred Stocks
0.17% 0.00% 80.56% 18.90%
Stocks
0.00% -0.16% 10.12% 86.51%

Bond Sector Breakdown

Weighting Return Low Return High PDBAX % Rank
Corporate
31.64% 0.00% 100.00% 52.05%
Securitized
29.10% 0.00% 98.42% 56.89%
Government
18.22% 0.00% 89.39% 57.36%
Derivative
17.46% 0.00% 23.62% 1.68%
Cash & Equivalents
2.90% 0.00% 91.85% 74.67%
Municipal
0.67% 0.00% 84.84% 38.45%

Bond Geographic Breakdown

Weighting Return Low Return High PDBAX % Rank
US
65.64% -56.44% 336.16% 95.90%
Non US
30.10% -144.79% 79.88% 3.54%

PDBAX - Expenses

Operational Fees

PDBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 21.33% 45.33%
Management Fee 0.39% 0.00% 0.85% 53.37%
12b-1 Fee 0.25% 0.00% 1.00% 55.54%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PDBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 1.50% 5.75% 81.94%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PDBAX 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.

PDBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 3.00% 489.00% 18.99%

PDBAX - Distributions

Dividend Yield Analysis

PDBAX Category Low Category High PDBAX % Rank
Dividend Yield 0.00% 0.00% 3.92% 84.37%

Dividend Distribution Analysis

PDBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PDBAX Category Low Category High PDBAX % Rank
Net Income Ratio 2.90% -0.35% 11.28% 29.11%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PDBAX - Fund Manager Analysis

Managers

Robert Tipp


Start Date

Tenure

Tenure Rank

Oct 30, 2002

18.02

18.0%

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

Nov 18, 2009

10.96

11.0%

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.

Richard Piccirillo


Start Date

Tenure

Tenure Rank

Dec 31, 2012

7.84

7.8%

Richard Piccirillo is a Principal and senior portfolio manager for PGIM Fixed Income’s Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. He is also a member of the Global Rates and Securitized Products Team focusing on CMBS. Mr. Piccirillo has specialized in mortgage-and asset- backed securities since joining Prudential Financial in 1993. Before joining Prudential Financial, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as a financial analyst at Smith Barney. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University.

Gregory Peters


Start Date

Tenure

Tenure Rank

Mar 05, 2014

6.66

6.7%

Gregory Peters is a Managing Director and Senior Investment Officer of PGIM Fixed Income. He is also senior portfolio manager for Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. Prior to joining PGIM Fixed Income, Mr. Peters was the Chief Global Cross Asset Strategist at Morgan Stanley and responsible for the firm's macro research and asset allocation strategy. In addition, he was Morgan Stanley's Global Director of Fixed Income & Economic Research and served on the Firm Risk, Investment, Asset Allocation, Global Credit, and Global Fixed Income Operating Committees. Earlier, Mr. Peters worked at Salomon Smith Barney and the Department of U.S. Treasury. Mr. Peters has been recognized by Institutional Investor magazine for his efforts in macro, fixed income, high yield and investment grade strategies. Mr. Peters was also recently recognized as Business Insider's Top Analysts and Top Analyst's to Watch by CEO World. Mr. Peters earned a BA in Finance from The College of New Jersey and an MBA from Fordham University. He is also a member of the Fixed Income Analyst Society and the Bond Market Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.85 6.97 1.34
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