PGIM Global Dynamic Bond Fund (PAJZX)
The advisor has a flexible investment strategy and invests in a variety of securities and instruments. The advisor also uses a variety of investment techniques in pursuing its investment objective, which may include managing duration, credit quality, yield curve positioning and currency exposure, as well as sector and security selection. Under normal market conditions, the fund invests at least 80% of its investable assets in fixed income instruments with varying maturities. Normally the fund invests at least 40% of its investable assets in foreign securities.
Fund Info
| ISIN | US74440K6111 |
|---|---|
| CUSIP | 74440K611 |
| Issuer | PGIM Investments |
| Inception Date | Nov 2, 2015 |
| Category | Nontraditional Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PAJZX has a high expense ratio of 0.85%, 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 Global Dynamic 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 6.17% |
| 1 month | N/A | -2.72% |
| 6 months | N/A | 17.29% |
| 1 year | N/A | 23.80% |
| 5 years (annualized) | N/A | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Global Dynamic Bond Fund (PAJZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Global Dynamic Bond Fund granted a 101.53% dividend yield in the last twelve months. The annual payout for that period amounted to $8.19 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.19 | $0.45 | $0.49 | $0.49 | $0.96 | $0.79 | $0.58 | $0.50 | $0.06 |
Dividend yield | 101.53% | 5.87% | 5.14% | 4.89% | 9.39% | 8.16% | 5.56% | 5.08% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Global Dynamic 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $8.01 | ||
| 2022 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.11 |
| 2020 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 |
| 2019 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2018 | $0.04 | $0.03 | $0.05 | $0.04 | $0.05 | $0.06 | $0.04 | $0.07 | $0.05 | $0.05 | $0.06 | $0.26 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.10 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 |
| 2015 | $0.02 | $0.04 |
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 Global Dynamic 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 Global Dynamic Bond Fund was 25.71%, occurring on Mar 23, 2020. Recovery took 188 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.71% | Feb 21, 2020 | 22 | Mar 23, 2020 | 188 | Dec 17, 2020 | 210 |
| -20.01% | Sep 1, 2021 | 218 | Jul 14, 2022 | — | — | — |
| -6.54% | Nov 19, 2015 | 58 | Feb 12, 2016 | 53 | Apr 29, 2016 | 111 |
| -4.64% | Jan 5, 2021 | 59 | Mar 30, 2021 | 68 | Jul 7, 2021 | 127 |
| -4.63% | Apr 19, 2018 | 28 | May 29, 2018 | 165 | Jan 24, 2019 | 193 |
Volatility
Volatility Chart
The current PGIM Global Dynamic Bond Fund volatility is 0.75%, 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.