PGIM Global Total Return (USD Hedged) Fund (PHEZX)
The investment seeks total return, through a combination of current income and capital appreciation. The fund may invest in countries anywhere in the world, and 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-rated U.S. or foreign mortgages and mortgage-related securities, asset backed securities, and U.S. or foreign short-term and long-term bank debt securities or bank deposits.
Fund Info
US74439A8716
74439A871
Dec 11, 2017
$0
Expense Ratio
PHEZX has an expense ratio of 0.63%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
PGIM Global Total Return (USD Hedged) Fund (PHEZX) returned 2.71% year-to-date (YTD) and 7.01% over the past 12 months.
PHEZX
2.71%
-0.00%
2.29%
7.01%
4.49%
0.47%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PHEZX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.81% | 1.52% | -0.35% | 1.05% | -0.35% | 2.71% | |||||||
| 2024 | 0.11% | -0.13% | 1.06% | -1.23% | 1.02% | 0.67% | 1.90% | 1.15% | 1.11% | -1.39% | 1.21% | -1.02% | 4.48% |
| 2023 | 3.14% | -1.36% | 1.50% | 0.87% | 0.15% | 1.12% | 0.62% | -0.08% | -1.71% | -0.95% | 4.21% | 3.65% | 11.52% |
| 2022 | -2.49% | -3.60% | -2.50% | -4.44% | -0.59% | -3.04% | 3.11% | -2.73% | -4.04% | -0.11% | 3.56% | -1.02% | -16.82% |
| 2021 | -1.06% | -3.28% | -1.03% | 0.51% | 0.43% | 1.30% | 1.50% | -0.08% | -1.75% | -0.46% | 0.51% | 0.02% | -3.44% |
| 2020 | 2.33% | 0.72% | -7.10% | 2.77% | 3.46% | 1.37% | 2.49% | -0.56% | 0.28% | -0.31% | 2.08% | 1.01% | 8.42% |
| 2019 | 2.26% | 0.21% | 2.28% | 0.28% | 1.75% | 2.48% | 1.47% | 2.35% | 0.16% | 0.13% | -0.18% | 0.42% | 14.42% |
| 2018 | -0.55% | -0.86% | 1.39% | -0.56% | -1.03% | 0.41% | 0.36% | -0.96% | -0.41% | 0.02% | 0.74% | 1.53% | 0.06% |
| 2017 | -0.30% | -0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, PHEZX is among the top 17% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Global Total Return (USD Hedged) Fund (PHEZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
PGIM Global Total Return (USD Hedged) Fund provided a 3.81% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.32 | $0.37 | $0.37 | $0.33 | $0.34 | $0.57 | $0.56 |
Dividend yield | 3.81% | 3.78% | 4.37% | 4.69% | 3.33% | 3.17% | 5.58% | 5.95% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Global Total Return (USD Hedged) 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.32 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.37 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.33 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.25 | $0.57 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.27 | $0.56 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Global Total Return (USD Hedged) 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 (USD Hedged) Fund was 23.12%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current PGIM Global Total Return (USD Hedged) Fund drawdown is 3.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.12% | Jan 5, 2021 | 454 | Oct 21, 2022 | — | — | — |
| -11.67% | Mar 9, 2020 | 9 | Mar 19, 2020 | 82 | Jul 16, 2020 | 91 |
| -3.6% | Dec 18, 2017 | 204 | Oct 9, 2018 | 66 | Jan 15, 2019 | 270 |
| -1.91% | Sep 5, 2019 | 7 | Sep 13, 2019 | 14 | Oct 3, 2019 | 21 |
| -1.5% | Oct 7, 2019 | 25 | Nov 8, 2019 | 37 | Jan 3, 2020 | 62 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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