About PGTQX
PGIM Global Total Return Fund – Class R6 is a diversified mutual fund categorized within the global bond sector. Its primary objective is to achieve total return, combining current income with capital appreciation. The fund typically allocates at least 65% of its assets to income-producing debt securities, drawing from a wide range of issuers including U.S. and foreign corporations, governmental bodies, supranational organizations, and both investment-grade mortgage-related and asset-backed securities. It invests across both U.S. dollar-denominated and various foreign currency debt instruments, providing broad geographic and sectoral exposure.
A hallmark of this fund is its active management approach, leveraging a flexible strategy that considers factors such as currency selection, interest rate outlook, and relative value among international bond markets. Its diverse portfolio includes sovereign, corporate, and structured debt from developed and emerging markets, aiming to balance risk and return. The fund's expense ratio is competitive for its category, and it typically maintains a low portfolio turnover, suggesting a disciplined investment horizon. As such, the fund plays a prominent role for investors seeking globally diversified fixed income exposure within their broader portfolio allocation.
Fund Family PGIM
Category World Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PGTQX
Share Class Class R6
Index Bloomberg Global Aggregate Bond TR
PGTQX had a total return of 3.65% in the past year, including dividends.
Since the fund's inception, the average annual return has been 1.95%.
