PDBCX

About PDBCX

PGIM Total Return Bond Fund Class C is a diversified mutual fund focused on providing total return through both income and capital appreciation. This fund invests across a broad spectrum of fixed income securities, including U.S. government obligations, mortgage-backed securities, asset-backed securities, corporate bonds, and global debt instruments. Its multi-sector strategy enables the fund to adjust allocations in response to evolving market conditions, seeking opportunities across various interest rate environments and credit cycles. The fund is managed by seasoned professionals with deep experience in global fixed income markets, aiming to balance risk and reward by actively managing credit quality, interest rate exposure, and sector selection. With a minimum investment requirement and a moderate expense ratio, it is structured for investors interested in exposure to a widely diversified bond portfolio. The fund has notable market significance for those seeking a core fixed income holding, offering a mix of current income and longer-term growth potential within the broader investment-grade and select non-investment-grade bond universe.