PGIM Global Total Return Fund (GTRAX)

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PGIM Global Total Return Fund (GTRAX) is down 0.2% since the beginning of the year. GTRAX is currently trading at $5 per share. Investors who bought $1,000 worth of GTRAX shares 5 years ago would now be looking at an investment worth $908.

PGIM Global Total Return Fund (GTRAX) has returned -0.16% so far this year and 2.91% over the past 12 months. Over the last ten years, GTRAX has returned 1.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 5, 1990, GTRAX's average daily return is +0.02%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was Dec 2008 with a return of +9.1%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 11 months.

On a daily basis, GTRAX closed higher 43% of trading days. The best single day was Jun 30, 1995 with a return of +26.6%, while the worst single day was Jun 16, 1995 at -20.4%.

PGIM Global Total Return Fund has an annualized alpha of 5.04%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 1990.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.56%) than losses (18.55%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GTRAX has an expense ratio of 0.88%, placing it in the medium range.

GTRAX ranks 7 for risk / return — in the bottom 7% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

PGIM Global Total Return Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 33.63%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current PGIM Global Total Return Fund drawdown is 13.44%.

The chart below shows the rolling one-month volatility.