PGVZX

About PGVZX

PGIM Government Income Fund – Class Z is a mutual fund within the fixed income category, specifically focusing on U.S. government securities. Its primary purpose is to provide a high level of current income by investing at least 80% of its assets in debt instruments issued or guaranteed by the U.S. government, its agencies, or instrumentalities. The fund features a diversified portfolio that typically includes U.S. Treasury bills, notes, bonds, and mortgage-backed securities from government-related entities. By holding only government-backed or government-linked securities, the fund aims to minimize credit risk and offer investors relative safety and capital preservation compared to corporate or high-yield bond funds. With a duration generally between 3.5 and 6.0 years, its risk and return profile aligns with intermediate-term fixed income strategies, making it suitable for investors seeking stability and consistent yields. PGIM Government Income Fund – Class Z is managed by multiple professionals and is notable for its annual dividend distributions, reflecting its income-generating mandate in the broader fixed income market.