PGIM Core Conservative Bond Fund (PQCNX)
The fund invests at least 80% of its investable assets in bonds. It will invest in different sectors of the fixed-income securities markets, including (but not limited to) U.S. corporate bonds, U.S. Treasuries, agency bonds, Yankee bonds, U.S. government securities, mortgage-backed securities, asset-backed securities, dollar rolls, and foreign debt securities (mainly sovereign debt). The fund may also invest in U.S. Treasury futures contracts and other exchange-traded futures contracts, and swap contracts.
Fund Info
| ISIN | US74440E8883 |
|---|---|
| Issuer | PGIM Funds (Prudential) |
| Inception Date | Nov 15, 2016 |
| Category | Intermediate Core Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PQCNX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Core Conservative 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
PGIM Core Conservative Bond Fund had a return of 5.00% year-to-date (YTD) and 10.49% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.00% | 18.13% |
| 1 month | 2.05% | 1.45% |
| 6 months | 6.71% | 8.81% |
| 1 year | 10.49% | 26.52% |
| 5 years (annualized) | 0.17% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of PQCNX, 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 | -0.16% | -1.44% | 0.89% | -2.62% | 1.77% | 1.02% | 2.35% | 1.37% | 5.00% | ||||
| 2023 | 3.43% | -2.71% | 2.49% | 0.61% | -1.10% | -0.42% | -0.07% | -0.65% | -2.66% | -1.63% | 4.54% | 3.88% | 5.49% |
| 2022 | -2.11% | -1.25% | -2.79% | -3.94% | 0.53% | -1.66% | 2.45% | -2.85% | -4.52% | -1.41% | 3.87% | -0.67% | -13.74% |
| 2021 | -0.78% | -1.56% | -1.28% | 0.86% | 0.17% | 0.75% | 1.04% | -0.13% | -1.00% | -0.04% | 0.26% | -0.41% | -2.14% |
| 2020 | 1.98% | 1.75% | -1.21% | 1.84% | 0.57% | 0.66% | 1.49% | -0.94% | -0.02% | -0.58% | 1.21% | 0.12% | 7.02% |
| 2019 | 1.07% | -0.07% | 1.89% | -0.06% | 1.78% | 1.22% | 0.23% | 2.71% | -0.67% | 0.22% | -0.07% | -0.08% | 8.41% |
| 2018 | -1.20% | -0.92% | 0.64% | -0.82% | 0.73% | -0.18% | -0.09% | 0.66% | -0.62% | -0.90% | 0.57% | 1.80% | -0.38% |
| 2017 | 0.20% | -0.30% | 0.20% | 0.89% | -0.49% | -0.01% | -0.21% | 0.40% | 0.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PQCNX is 34, 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Core Conservative Bond Fund (PQCNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Core Conservative Bond Fund granted a 3.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.29 | $0.22 | $0.23 | $0.33 | $0.28 | $0.26 | $0.10 |
Dividend yield | 3.54% | 3.30% | 2.63% | 2.30% | 3.13% | 2.70% | 2.66% | 0.97% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.21 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.33 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 |
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.
Worst Drawdowns
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 19.70%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current PGIM Core Conservative Bond Fund drawdown is 6.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.7% | Aug 7, 2020 | 558 | Oct 24, 2022 | — | — | — |
| -6.82% | Mar 9, 2020 | 9 | Mar 19, 2020 | 57 | Jun 10, 2020 | 66 |
| -3.79% | Sep 8, 2017 | 174 | May 17, 2018 | 177 | Jan 31, 2019 | 351 |
| -2.21% | Sep 5, 2019 | 7 | Sep 13, 2019 | 90 | Jan 23, 2020 | 97 |
| -1.09% | Jun 27, 2017 | 8 | Jul 7, 2017 | 33 | Aug 23, 2017 | 41 |
Volatility
Volatility Chart
The current PGIM Core Conservative Bond Fund volatility is 1.14%, 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.