Prudential Core Bond Fund

Seeks total return by investing in a diversified portfolio of investment-grade fixed income securities, including U.S. government securities, mortgage-related securities, and corporate debt.
 
 

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

Sector vs Benchmark
SectorFund (% of Assets)Overweight Underweight
U.S. Treasuries
10.1 % -26.9 %
U.S. Agencies
0.3-1.5
Agency MBS
24.0-4.1
Inv Grade Corp
29.34.2
Commercial MBS
11.810.0
ABS
18.818.3
U.S. Municipals
1.00.2
Foreign Govt Related
1.8-1.2
Emerging Markets
1.8-0.1
High Yield
0.20.2
Other
0.0
Cash/Equiv
0.9
Largest Issuers (% of Assets)
United States Of America
17.1 %
Federal National Mortgage Association
14.5
Federal Home Loan Mortgage
6.1
Goldman Sachs Group
1.5
JPMorgan Chase
1.2
Bank of America
1.0
Springleaf Funding Trust
1.0
Morgan Stanley
0.9
Ford Motor
0.9
Citigroup
0.8
Top Ten (of 355) 45.0
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Total number of holdings based on issuers. 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
A1128875921769TPCAX
C1129875921751TPCCX
Q1130875921744TPCQX
R1131875921736TPCRX
Z0161875921801TAIBX

 
 
Fund Statistics
Average Maturity (years)
8.0
Duration (yrs)
5.9
Standard Deviation (3 year)

 
 
The Fund may invest in mortgage-related securities, which are subject to prepayment risks. The Fund may not be invested in all sectors at a given time. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. There is no guarantee that 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. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility.

Source: Benchmarks and statistics, Lipper Inc. All other data from PGIM, Inc. (PGIM). 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.


0273329-00012-00    Ed. 6/2017

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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.