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
| ISIN | US74439A8716 |
|---|---|
| CUSIP | 74439A871 |
| Issuer | PGIM Investments |
| Inception Date | Dec 11, 2017 |
| Category | Global Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PHEZX has a high expense ratio of 0.63%, 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 Total Return (USD Hedged) 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 Global Total Return (USD Hedged) Fund had a return of 0.64% year-to-date (YTD) and 8.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.64% | 9.47% |
| 1 month | 0.55% | 1.91% |
| 6 months | 6.81% | 18.36% |
| 1 year | 8.04% | 26.61% |
| 5 years (annualized) | 1.18% | 12.90% |
| 10 years (annualized) | N/A | 10.79% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.11% | -0.13% | 1.06% | -1.23% | 0.64% | ||||||||
| 2023 | 3.14% | -1.36% | 1.50% | 0.86% | 0.15% | 1.12% | 0.63% | -0.08% | -1.71% | -0.95% | 4.22% | 3.65% | 11.54% |
| 2022 | -2.49% | -3.61% | -2.50% | -4.44% | -0.59% | -3.04% | 3.11% | -2.72% | -4.03% | -0.12% | 3.55% | -1.01% | -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% | 2.07% | 1.01% | 8.39% |
| 2019 | 2.26% | 0.20% | 2.27% | 0.27% | 1.75% | 2.48% | 1.47% | 2.35% | 0.16% | 0.12% | -0.19% | 0.42% | 14.36% |
| 2018 | -0.55% | -0.86% | 1.39% | -0.56% | -1.04% | 0.41% | 0.36% | -0.96% | -0.41% | 0.01% | 0.73% | 1.49% | -0.03% |
| 2017 | -0.30% | -0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PHEZX is 65, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PHEZX (PGIM Global Total Return (USD Hedged) Fund)
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.
Dividends
Dividend History
PGIM Global Total Return (USD Hedged) Fund granted a 4.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.37 | $0.33 | $0.34 | $0.56 | $0.55 |
Dividend yield | 4.36% | 4.39% | 4.69% | 3.33% | 3.15% | 5.53% | 5.86% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 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 | $0.02 | $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 | $0.56 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.26 | $0.55 |
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 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 23.11%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current PGIM Global Total Return (USD Hedged) Fund drawdown is 9.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.11% | Jan 5, 2021 | 454 | Oct 21, 2022 | — | — | — |
| -11.67% | Mar 9, 2020 | 9 | Mar 19, 2020 | 82 | Jul 16, 2020 | 91 |
| -3.63% | Dec 18, 2017 | 204 | Oct 9, 2018 | 69 | Jan 18, 2019 | 273 |
| -1.9% | Sep 5, 2019 | 7 | Sep 13, 2019 | 14 | Oct 3, 2019 | 21 |
| -1.51% | Oct 7, 2019 | 25 | Nov 8, 2019 | 37 | Jan 3, 2020 | 62 |
Volatility
Volatility Chart
The current PGIM Global Total Return (USD Hedged) Fund volatility is 1.11%, 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.