pgim total return bond r6 Fund Information and Investment Guide

The PGIM Total Return Bond R6 fund is a great option for investors looking for a diversified bond portfolio. It aims to provide a total return, which is the combination of income and capital appreciation.

This fund invests in a mix of high-quality bonds from around the world, with a focus on government and corporate debt. It has a moderate risk profile, making it suitable for investors who want to balance potential returns with some level of risk.

The fund's investment strategy is designed to take advantage of changing interest rates and credit spreads, which can help it perform well in different market conditions.

The PGIM Total Return Bond R6 fund has a long history, with an inception date of December 28, 2010.

The fund is managed by Robert Tipp and is part of the Prudential fund family.

Here are the key details about this fund:

PGIM Total Return Bond R6 has an expense ratio of 0.39%, which is 50% lower than its category average. This makes the fund expense ratio grade an A.

The expense ratio measures how much of a fund's assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Total Return Bond R6 has a portfolio turnover rate of 310%, indicating that it holds its assets around 0.0 years.

The average portfolio turnover is 239% for the Intermediate Core-Plus Bond category.

Here's a comparison of the fund's performance and fees with its category average:

Recently, in the month of November 2024, PGIM Total Return Bond R6 returned 1.2%, which earned it a grade of B, as the Intermediate Core-Plus Bond category had an average return of 1.1%.

PGIM Total Return Bond R6 aims to provide a high level of income and relatively low volatility by investing in a diversified portfolio of bonds.

The fund invests at least 80% of its assets in a mix of investment-grade bonds and high-yield bonds.

It has a long-term investment approach, which means it doesn't try to time the market or make quick profits.

The fund's investment team uses a bottom-up approach, looking at individual bonds rather than the overall market.

They assess each bond's creditworthiness, interest rate risk, and liquidity to determine its potential for return and risk.

This approach helps the fund to maintain a consistent investment style and avoid major style drift.

The PGIM Total Return Bond R6 has received a grade of C for its year-to-date performance, which is 0.0 percentage points worse than the category average. This translates to a ranking of 22.34% in its category.

The fund has a 3.5% return over the past year, earning it a grade of B. Over the past five years, the fund has returned -0.2% per year, resulting in a grade of C.

Here's a breakdown of the fund's performance over different time periods:

The fund's risk measures indicate that it has a standard deviation of 8.1%, which is relatively high. Its total risk index is 0.54, which is below average, but its category risk index is 1.02, which is above average. This suggests that the fund is taking on more risk than its peers.

The fund has a beta of 1.02, which means it is very closely correlated with the overall market. It also has a high R-squared value of 97%, indicating that it is a good fit for investors seeking to track the market's performance.

Overall, the PGIM Total Return Bond R6 has a moderate risk profile and has performed relatively well over the long term. However, its year-to-date performance has been lackluster, earning it a grade of C.

PGIM Total Return Bond R6 is an actively managed fund launched in 2010 by PGIM Investments.

The fund's primary goal is to achieve total return through a mix of current income and capital appreciation.

PGIM Total Return Bond R6 invests at least 80% of its assets in bonds, which include all fixed income securities with a maturity of more than one year.

The fund may invest up to 30% of its assets in speculative, high-risk, below-investment-grade securities.

Foreign debt securities, including emerging market debt securities, can also make up to 30% of the fund's portfolio.