Prudential International Bond Fund 

Seeks total return through a diversified portfolio of international developed and emerging markets fixed income securities. The Fund is managed relative to a U.S. Dollar hedged index and generally expects to hedge all or a portion of the Fund's foreign currency exposure. The Fund may be suited to those seeking to add international diversification for a domestic fixed income portfolio.
 
 


Portfolio Attributes as of 10/31/2017

Currency Concentration (% of Assets)
United States Dollar
98.4 %
Euro
1.8
Indian Rupee
1.7
Indonesian Rupiah
1.1
Hungarian Forint
0.8
Mexican Peso
0.8
Argentinian Peso
0.5
Czech Koruna
0.5
Russian Ruble
0.5
Other
-6.1
Country Concentration (% of Assets)
United Kingdom
14.1 %
United States
12.9
European Union
8.4
Italy
7.5
Spain
7.4
France
5.8
Belgium
5.3
Portugal
3.7
Other
31.2
Cash/Equiv
3.7
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. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

Key Fund Details

 
ClassFund IDCusipTicker
A116774441J738PXBAX
C116874441J720PXBCX
Q116974441J712PXBQX
Z117074441J696PXBZX
 

 
Fund Statistics
Average Maturity (years)
7.2
Duration (years)
9.7

 


Prospectus & Shareholder Reports

 
 
The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; mortgage-backed and asset-backed securities which are subject to prepayment, extension, and interest rate risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging techniques, which may magnify losses; emerging markets, which are subject to greater volatility and price declines; foreign currency, which may change in value relative to other currencies, high yield ("junk") bonds, which are subject to greater credit risks; derivative securities, which may carry market, credit, and liquidity risks; and certain geographic and economic sectors, thereby increasing its vulnerability to a single economic, political, or regulatory development. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. The Fund may invest in instruments that trade in lower volumes and are less liquid. There is no guarantee the Fund's objective will be achieved.

Average Maturity is the average time to maturity for a bond. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Due to data availability, statistics may not be as of the current reporting period.

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.


0300048-00002-00    Ed. 1/2017