Description

The PGIM Global Total Return Fund Class Z typically allocates a minimum of 65% of its overall assets to a diverse range of income-producing fixed-income securities. These include debt instruments issued by corporations and governments in both the U.S. and abroad, as well as supranational organizations, semi-governmental entities, and various governmental agencies or instrumentalities. Beyond these, the fund also invests in high-quality U.S. and international mortgage-related securities, asset-backed securities, and short- or long-term debt and deposits from banks worldwide. A key aspect of its strategy is the flexibility to hold debt securities denominated in either U.S. dollars or various foreign currencies.