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PGIM Global Total Return Fund - Class B (PBTRX)

6.79 +0.01 (+0.15%)
At close: August 25 at 8:01 PM EDT

Fund Summary

The investment seeks total return, made up of current income and capital appreciation. 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.

PGIM Global Total Return Fund - Class B

Dryden Global Total Return Fund Inc
100 Mulberry Street
800-225-1852

Fund Overview

Category World Bond
Fund Family PGIM Funds (Prudential)
Net Assets 3.79B
YTD Return -1.67%
Yield 2.59%
Morningstar Rating
Inception Date Jan 15, 1996

Fund Operations

Last Dividend 0.02
Last Cap Gain 0.00
Holdings Turnover 37.00%
Average for Category --

Fees & Expenses

Expense PBTRX Category Average
Annual Report Expense Ratio (net) 1.63% 0.90%
Prospectus Net Expense Ratio 1.63% --
Prospectus Gross Expense Ratio 2.46% --
Max 12b1 Fee 1.00% --
Max Front End Sales Load -- 4.00%
Max Deferred Sales Load 5.00% 1.41%
3 Yr Expense Projection 987 --
5 Yr Expense Projection 1,336 --
10 Yr Expense Projection 2,202 --

Management Information

Robert Tipp, Lead Manager since September 30, 2002
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.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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