Fund info

PGIM Core Bond Fund Class Z is a mutual fund that primarily targets total return by investing in a broad mix of investment-grade fixed income securities. Its main objective is to balance capital preservation and appreciation through a strategy that allocates at least 80% of its investable assets to bonds, including U.S. government and agency debt, corporate bonds, mortgage-backed, and asset-backed securities. With over 1,300 holdings, the fund provides substantial diversification and focuses predominantly on the U.S. bond market, maintaining high credit quality and moderate interest rate sensitivity within its portfolio. PGIM Core Bond Fund Class Z is categorized as an intermediate core bond fund, making it a central holding for investors seeking fixed income exposure in a diversified portfolio. Notably, the fund offers a competitive expense ratio and regular monthly dividend distributions, further enhancing its role as a potential source of steady income for institutional and individual investors alike. Launched in 1993, it is overseen by PGIM Investments and has established itself as a significant participant in the fixed income segment of the financial markets.