PGIM Core Conservative Bond Fund (PQCNX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PGIM Core Conservative Bond Fund (PQCNX) is up 0.5% since the beginning of the year. PQCNX is currently trading at $9 per share. Investors who bought $1,000 worth of PQCNX shares 5 years ago would now be looking at an investment worth $980.

PGIM Core Conservative Bond Fund (PQCNX) has returned 0.48% so far this year and 4.91% over the past 12 months.

Based on dividend-adjusted daily data since Jan 3, 2017, PQCNX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PQCNX closed higher 43% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Mar 18, 2020 at -1.9%.

PGIM Core Conservative Bond Fund has an annualized alpha of 1.26%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.

• This fund participated in 20.81% of S&P 500 Index downside but only 11.59% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.01 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.

PQCNX has an expense ratio of 0.50%, placing it in the medium range.

PQCNX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

PGIM Core Conservative Bond Fund provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for PGIM Core Conservative Bond Fund. 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 Core Conservative 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 Core Conservative Bond Fund was 20.33%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current PGIM Core Conservative Bond Fund drawdown is 4.48%.

The chart below shows the rolling one-month volatility.