PHEZX

About PHEZX

PGIM Global Total Return (USD Hedged) Fund Class Z is a diversified mutual fund that primarily focuses on delivering a total return through a combination of current income and capital appreciation. The fund invests in a broad array of fixed income securities from both U.S. and international issuers, providing exposure to government, corporate, and emerging market debt. Notably, the portfolio is managed to minimize currency risk relative to the U.S. dollar, making it suitable for investors seeking global bond market exposure without the added volatility from currency fluctuations. This fund typically holds hundreds of securities, with its top holdings accounting for a modest portion of total assets, emphasizing broad diversification. Its investment approach includes active management of credit quality, interest rate sensitivity, and geographic allocation, enabling the fund to adjust to changing global market conditions. By including debt instruments from developed and emerging markets, PGIM Global Total Return (USD Hedged) Fund Class Z plays a key role in global fixed income strategies, serving as a core holding for institutional and high-net-worth investors looking for risk-adjusted returns in a globally diversified bond portfolio.