About PUCZX
PGIM Strategic Bond Fund – Class Z is an actively managed, multisector bond mutual fund that aims to maximize total return through a combination of current income and capital appreciation. Managed by PGIM Investments since 2015, the fund invests in a broad array of fixed and floating rate income instruments with varying maturities and credit qualities, including bonds, debentures, and notes. One of its distinguishing features is its flexibility to allocate up to half of its portfolio to non-U.S. issuers, providing global diversification across sectors and regions. The fund may also hold high-yield securities, sometimes referred to as 'junk bonds,' broadening its potential opportunity set. As a multisector strategy, it plays a significant role for investors seeking diversified fixed income exposure beyond traditional single-sector funds, allowing for active management of credit risk, duration, and geographic allocation within the bond market. Its substantial asset base demonstrates relevance and investor confidence in its role as a core or complementary component of a diversified fixed income portfolio.
Fund Family PGIM
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PUCZX
Share Class Class Z
Index Bloomberg Intermediate U.S. Aggregate TR
PUCZX had a total return of 3.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.30%.
