PGIM ESG Total Return Bond Fund (PAIZX)
The fund primarily invests in bonds based on the sub-adviser's ESG methodology, focusing on fixed income securities with maturities greater than one year, including various debt securities like government, mortgage-related, corporate, and foreign debt securities.
Fund Info
| Issuer | PGIM Investments |
|---|---|
| Inception Date | Sep 29, 2021 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PAIZX has a high expense ratio of 0.49%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM ESG Total Return Bond 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 ESG Total Return Bond Fund had a return of -2.94% year-to-date (YTD) and 1.49% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.94% | 5.57% |
| 1 month | -2.80% | -4.16% |
| 6 months | 6.09% | 20.07% |
| 1 year | 1.49% | 20.82% |
| 5 years (annualized) | N/A | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.10% | -1.05% | 1.01% | |||||||||
| 2023 | -1.68% | 4.84% | 4.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PAIZX is 10, indicating that it is in the bottom 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PGIM ESG Total Return Bond Fund(PAIZX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM ESG Total Return Bond Fund (PAIZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM ESG Total Return Bond Fund granted a 4.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.35 | $0.38 | $0.38 | $0.06 |
Dividend yield | 4.36% | 4.55% | 4.73% | 0.65% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM ESG Total Return Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 |
| 2021 | $0.02 | $0.02 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM ESG Total Return Bond 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 ESG Total Return Bond Fund was 19.77%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current PGIM ESG Total Return Bond Fund drawdown is 11.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.77% | Nov 10, 2021 | 240 | Oct 24, 2022 | — | — | — |
| -1.1% | Oct 4, 2021 | 14 | Oct 21, 2021 | 11 | Nov 5, 2021 | 25 |
| -0.2% | Nov 8, 2021 | 1 | Nov 8, 2021 | 1 | Nov 9, 2021 | 2 |
Volatility
Volatility Chart
The current PGIM ESG Total Return Bond Fund volatility is 1.57%, 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.