PGIM Global Total Return Fund (GTRAX)
The investment seeks total return, made up of current income and capital appreciation. The fund normally invests at least 65% of its total assets in income-producing debt securities of U.S. and foreign corporations and governments, supranational organizations, semi-governmental entities or government agencies, authorities or instrumentalities, investment-grade U.S. or foreign mortgage-related securities, asset-backed securities, and U.S. or foreign short-term and long-term bank debt securities or bank deposits. It may invest in debt securities that are denominated in U.S. dollars or foreign currencies.
Fund Info
| ISIN | US74439A1034 |
|---|---|
| CUSIP | 74439A103 |
| Issuer | PGIM Investments |
| Inception Date | Jul 6, 1986 |
| Category | Global Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
GTRAX features an expense ratio of 0.88%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: GTRAX vs. OTPIX, GTRAX vs. DIPSX, GTRAX vs. RNWGX, GTRAX vs. PIMIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Global Total Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Global Total Return Fund had a return of 1.48% year-to-date (YTD) and 8.06% in the last 12 months. Over the past 10 years, PGIM Global Total Return Fund had an annualized return of 0.68%, while the S&P 500 had an annualized return of 11.39%, indicating that PGIM Global Total Return Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.48% | 25.48% |
| 1 month | -1.85% | 2.14% |
| 6 months | 2.01% | 12.76% |
| 1 year | 8.06% | 33.14% |
| 5 years (annualized) | -2.48% | 13.96% |
| 10 years (annualized) | 0.68% | 11.39% |
Monthly Returns
The table below presents the monthly returns of GTRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.86% | -0.68% | 0.71% | -1.83% | 1.68% | 0.08% | 2.64% | 2.36% | 1.61% | -3.11% | 1.48% | ||
| 2023 | 3.74% | -3.42% | 2.57% | 0.73% | -1.44% | 1.12% | 1.31% | -1.22% | -2.88% | -1.12% | 5.16% | 4.66% | 9.14% |
| 2022 | -2.94% | -3.85% | -4.13% | -7.05% | -0.04% | -4.67% | 2.45% | -3.52% | -6.44% | -0.51% | 6.56% | 0.53% | -21.89% |
| 2021 | -1.29% | -3.43% | -2.54% | 1.88% | 1.12% | -0.06% | 1.69% | -0.33% | -2.39% | -0.65% | -0.07% | -0.09% | -6.14% |
| 2020 | 1.89% | 0.20% | -9.01% | 2.99% | 3.10% | 1.80% | 4.41% | 0.13% | -0.44% | -0.30% | 3.26% | 2.03% | 9.78% |
| 2019 | 2.46% | -0.32% | 1.65% | -0.16% | 1.82% | 3.08% | 0.15% | 2.19% | -0.33% | 0.84% | -0.72% | -1.58% | 9.34% |
| 2018 | 1.56% | -1.35% | 1.60% | -1.78% | -2.08% | -0.13% | 0.12% | -1.05% | -0.85% | -0.61% | 0.61% | 2.18% | -1.86% |
| 2017 | 1.55% | 1.20% | 1.08% | 1.66% | 1.98% | 0.47% | 2.20% | 1.30% | -0.87% | -0.01% | 1.17% | 0.84% | 13.26% |
| 2016 | 1.13% | 1.39% | 2.97% | 2.12% | -1.80% | 3.33% | 1.60% | -0.15% | 0.29% | -2.66% | -5.72% | 0.46% | 2.63% |
| 2015 | 0.15% | -0.64% | -0.90% | 1.06% | -2.09% | -1.52% | 1.38% | 0.53% | -0.22% | 0.47% | -1.43% | -0.17% | -3.38% |
| 2014 | 0.37% | 2.69% | 0.51% | 1.65% | 1.67% | 0.90% | -1.06% | 1.19% | -3.05% | 0.38% | 0.03% | -1.14% | 4.07% |
| 2013 | 0.30% | -1.37% | -0.37% | 3.18% | -3.67% | -4.09% | 1.88% | -1.98% | 3.43% | 2.31% | -1.39% | -0.06% | -2.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GTRAX is 24, indicating that it is in the bottom 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Global Total Return Fund (GTRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Global Total Return Fund provided a 3.38% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.19 | $0.19 | $0.22 | $0.26 | $0.23 | $0.22 | $0.22 | $0.23 | $0.22 | $0.29 | $0.29 |
Dividend yield | 3.38% | 3.68% | 3.88% | 3.29% | 3.62% | 3.38% | 3.42% | 3.18% | 3.73% | 3.55% | 4.26% | 4.34% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Global Total Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.00 | $0.15 | |
| 2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.19 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.22 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.29 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Global Total Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Global Total Return Fund was 33.05%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current PGIM Global Total Return Fund drawdown is 18.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.05% | Jan 6, 2021 | 452 | Oct 20, 2022 | — | — | — |
| -19.45% | Mar 18, 2008 | 174 | Nov 21, 2008 | 172 | Jul 31, 2009 | 346 |
| -15.45% | Mar 9, 2020 | 11 | Mar 23, 2020 | 89 | Jul 29, 2020 | 100 |
| -11.43% | Sep 2, 2014 | 192 | Jun 5, 2015 | 227 | Apr 29, 2016 | 419 |
| -10.19% | Aug 19, 2016 | 83 | Dec 15, 2016 | 149 | Jul 21, 2017 | 232 |
Volatility
Volatility Chart
The current PGIM Global Total Return Fund volatility is 1.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.