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PGIM Core Conservative Bond R6 (PQCNX)

8.52
+0.01
+(0.12%)
At close: May 16 at 8:01:59 PM EDT

Fund Summary

The fund invests at least 80% of its investable assets in bonds. It will invest in different sectors of the fixed-income securities markets, including (but not limited to) U.S. corporate bonds, U.S. Treasuries, agency bonds, Yankee bonds, U.S. government securities, mortgage-backed securities, asset-backed securities, dollar rolls, and foreign debt securities (mainly sovereign debt). The fund may also invest in U.S. Treasury futures contracts and other exchange-traded futures contracts, and swap contracts.

PGIM Core Conservative Bond R6

Newark, NJ 07102
Gateway Center 3,100 Mulberry Street,

Fund Overview

Category Intermediate Core Bond
Fund Family PGIM Investments
Net Assets 56.27M
YTD Return 3.07%
Yield 4.02%
Morningstar Rating
Inception Date Nov 15, 2016

Fund Operations

Last Dividend 0.12
Last Cap Gain -20.00
Holdings Turnover 155.00%
Average for Category --

Fees & Expenses

Expense PQCNX Category Average
Annual Report Expense Ratio (net) 0.19% 0.61%
Prospectus Net Expense Ratio 0.19% --
Prospectus Gross Expense Ratio 0.60% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.78%
Max Deferred Sales Load -- 1.18%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Tom McCartan, FIA, CFA, is a Principal and portfolio manager on the Multi-Sector Team at PGIM Fixed Income. He is responsible for portfolio management of multi-sector LDI portfolios and custom multi-sector portfolios and Core Conservative Strategy. Prior to joining the Firm in 2015, Mr. McCartan was based in the UK for 5 years, working at Mercer and Redington where he worked with institutional pension and insurance clients to develop strategic asset allocation and liability hedging strategies. Mr. McCartan received a BSc. with Honors in Actuarial and Financial Studies from University College Dublin. He holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the UK Institute of Actuaries.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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