PCTRX

About PCTRX

PGIM Global Total Return Fund – Class C is an open-ended mutual fund specializing in global fixed income investments. The fund is actively managed by PGIM Investments LLC, with an investment objective focused on achieving a total return composed of both current income and capital appreciation. Primarily, it allocates at least 65% of its assets to a diverse selection of income-producing debt securities from U.S. and international sources, including government entities, corporations, supranational organizations, and semi-governmental agencies. The fund’s portfolio comprises a mix of investment-grade and non-investment-grade bonds, as well as mortgage-related and asset-backed securities, reflecting a broad approach to both sector and geographic diversification. PGIM Global Total Return Fund – Class C evaluates a range of factors such as currency selection, macroeconomic conditions, yield and duration, credit quality, and interest rate risk in its portfolio construction. The strategy incorporates both U.S. dollar-denominated and non-U.S. dollar assets, providing investors with exposure to global credit markets and diversified currency trends. The fund benchmarks its performance against global aggregate bond indices, underscoring its role as a core holding for investors seeking broad fixed income exposure across developed and emerging markets.