Prudential Global Absolute Return Bond Fund

Seeks positive returns over the long term, regardless of market conditions, by tactically investing across a broad range of sectors, securities, and derivatives. The Fund may be suited to investors looking for current income and capital appreciation through broad diversification across the global fixed income markets.
 
 

Growth of $10,000

 
 
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.


Portfolio Attributes as of 10/31/2017

Credit Quality (% of Assets)
AAA
4.3 %
AA
2.3
A
18.7
BBB
21.9
BB
16.5
B
16.7
CCC
3.1
Not Rated
3.4
Cash/Equiv
13.1
Sector vs Benchmark
SectorFund (% of Assets)Overweight Underweight
U.S. Govt Related (Treas 2.5%, Agency 0.0%, MBS 0.0%)
2.5 % -64.3 %
U.S Municipals
0.0-0.8
Bank Loans
0.00.0
Emerging Markets
25.523.6
Inv Grade Corp
13.6-11.6
Foreign Govt Related
13.710.8
High Yield
21.921.9
Commercial MBS
0.7-1.1
ABS
10.610.1
Other
-0.8
Cash/Equiv
12.2
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Negative holdings reflect outstanding trades at period end.

Key Fund Details

 
ClassFund IDCusipTicker
A114674440K645PAJAX
C114774440K637PAJCX
Q114874440K629PAJQX
Z114974440K611PAJZX

 
 
Fund Statistics
Average Maturity (years)
6.6
Duration (years)
4.6

 


Prospectus & Shareholder Reports

 
 
The Fund may invest in: High yield (“junk”) bonds, have greater credit and market risks; mortgage-backed and asset-backed securities, which are subject to prepayment, extension, and interest rate risks; call and redemption risk, where bonds may be called before maturity and the Fund may lose income; liquidity risk when particular investments may be difficult to sell; foreign securities, have risks of currency fluctuation and political uncertainty; emerging market risk, are subject to greater volatility and price declines; currency risk in that the value of a particular currency will change in relation to other currencies; derivatives, which may carry market, credit, and liquidity risks; and loans, include collateral and uncollateralized loans and their possible inability to meet obligations. Fixed income instruments, which are subject to credit, market, and interest rate risk, and their value will decline as interest rates rise; short positions in derivatives involve credit/counterparty risk and leverage risk; U.S. government and U.S. agency securities are subject to market risk, interest rate risk and credit risk. The Fund is deemed a commodity pool and compliance with certain commodity pool regulations may cause the Fund’s expenses to increase Diversification does not assure a profit or protect against a loss in declining markets. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. These risks may result in greater share price volatility. There is no guarantee the Fund’s objective will be achieved.

Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Overweight/Underweights are benchmarked against the Barclays U.S. Aggregate Bond Index, which includes investment grade securities issued by the U.S. government, its agencies, and by corporations with between 1 and 10 years remaining to maturity. An investment cannot be made directly in an index or average. All indexes and averages are unmanaged. Due to data availability, statistics may not be as of the current reporting period.

Source: PGIM, Inc. (PGIM) and Lipper Inc. PGIM is a Prudential Financial company.

Class Q and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services LLC (PIMS) and member SIPC. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PIMS and PGIM are Prudential Financial companies. The Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

These materials are for informational or educational purposes only. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In providing these materials PGIM Investments is not acting as your fiduciary as defined by the Department of Labor.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.


Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.


0284418-00003-00    Ed. 2/2017

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Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Click here to view the most recent Monthly Performance.