TPCRX

About TPCRX

PGIM Core Bond Fund Class R is an open-end mutual fund specializing in a diversified portfolio of investment-grade fixed income securities. Managed with a core bond strategy, the fund primarily invests in U.S. government, corporate, and securitized debt instruments, focusing on issuers with high credit quality. Its portfolio is constructed to offer broad exposure to the U.S. bond market while maintaining intermediate-term duration, which is typically between 75% and 125% of the Morningstar Core Bond Index’s effective duration. The fund’s primary objective is to deliver total return, balancing income generation with capital preservation by minimizing credit and interest rate risks. PGIM Core Bond Fund Class R caters to investors seeking stable income and moderate risk through investments in the fixed income market. As part of the intermediate core bond category, it plays a significant role in diversified portfolios, serving as a foundation for conservative and balanced investment strategies by providing steady cash flows and mitigating overall portfolio volatility.