TPCCX

About TPCCX

PGIM Core Bond Fund - Class C is an open-end mutual fund designed to provide investors with total return by investing primarily in a diversified portfolio of investment-grade fixed income securities. Its main purpose is to serve as a core bond holding for investors seeking income generation and risk mitigation through exposure to U.S. government, corporate, and mortgage-backed bonds rated for high credit quality. The fund is classified within the taxable bond group, allocating a significant portion of its assets across various sectors within the fixed income universe, and is particularly notable for its broad diversification and professional management. Its Class C shares are distinguished by a level-load fee structure, typically involving higher ongoing distribution and advisory fees compared to other share classes, which can impact long-term returns. PGIM Core Bond Fund - Class C plays a pivotal role in the market by offering stable income and serving as a foundational component within diversified portfolios aiming for balanced risk and return, especially in environments where preservation of capital and consistent interest income are priorities.