PGIM Global Total Return Fund - Class R6 (PGTQX)

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PGIM Global Total Return Fund - Class R6 (PGTQX) is down 0.8% since the beginning of the year. PGTQX is currently trading at $5 per share. Investors who bought $1,000 worth of PGTQX shares 5 years ago would now be looking at an investment worth $901.

PGIM Global Total Return Fund - Class R6 (PGTQX) has returned -0.81% so far this year and 1.22% over the past 12 months. Over the last ten years, PGTQX has returned 1.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Feb 3, 2012, PGTQX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +6.7%, while the worst month was Mar 2020 at -9.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 11 months.

On a daily basis, PGTQX closed higher 42% of trading days. The best single day was Aug 18, 2017 with a return of +54.7%, while the worst single day was Aug 21, 2017 at -35.1%.

PGIM Global Total Return Fund - Class R6 has an annualized alpha of 2.89%, beta of 0.05, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 03, 2012.

• This fund participated in 36.60% of S&P 500 Index downside but only 21.36% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 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.

PGTQX has an expense ratio of 0.54%, placing it in the medium range.

PGTQX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

PGIM Global Total Return Fund - Class R6 provided a 3.74% dividend yield over the last twelve months, with an annual payout of $0.20 per share.

The table displays the monthly dividend distributions for PGIM Global Total Return Fund - Class R6. 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 - Class R6. 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 - Class R6 was 44.72%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current PGIM Global Total Return Fund - Class R6 drawdown is 27.66%.

The chart below shows the rolling one-month volatility.