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PGIM CORE BOND FUND
mutual fund
TPCAX
Payout Change
Pending
Price as of:
$8.57
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TPCAX (Mutual Fund)
PGIM CORE BOND FUND
Payout Change
Pending
Price as of:
$8.57
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TPCAX (Mutual Fund)
PGIM CORE BOND FUND
Payout Change
Pending
Price as of:
$8.57
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.6%
1 yr return
1.9%
3 Yr Avg Return
-2.7%
5 Yr Avg Return
-0.5%
Net Assets
$1.7 B
Holdings in Top 10
11.8%
52 WEEK LOW AND HIGH
$8.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.68%
SALES FEES
Front Load 3.25%
Deferred Load N/A
TRADING FEES
Turnover 117.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TPCAX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return -2.7%
- 5 Yr Annualized Total Return -0.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.42%
- Dividend Yield 0.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePGIM CORE BOND FUND
-
Fund Family NamePrudential
-
Inception DateFeb 17, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Peters
Fund Description
The Fund invests, under normal circumstances, at least 80% of the Fund's investable assets in bonds. For purposes of this policy, bonds include all fixed income securities, including but not limited to debt obligations issued by the U.S. government and its agencies, corporate debt securities, mortgage-related securities, asset-backed securities and other investments (including derivatives) with similar economic characteristics. The term “investable assets” refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund invests only in securities that are denominated in U.S. dollars, although the securities may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation, or by a foreign government or its agencies and instrumentalities.The Fund invests in securities that are rated investment grade at the time of purchase. Investment grade securities are considered to be those instruments that are rated BBB- or higher by S&P Global Ratings, or Baa3 or higher by Moody’s Investors Service, Inc., or the equivalent by another nationally recognized statistical rating organization (“NRSRO”), or if unrated, are considered by the Fund’s subadviser to be of comparable quality. In the event that a security receives different ratings from different NRSROs, the Fund will treat the security as being rated in the highest rating category received from an NRSRO.The Fund may invest in debt obligations issued or guaranteed by the U.S. Government and U.S. Government-related entities. Some (but not all) of the U.S. Government securities and mortgage-related securities in which the Fund will invest are backed by the full faith and credit of the U.S. Government, which means that payment of interest and principal is guaranteed, but yield and market value are not. These include obligations of the Government National Mortgage Association (“GNMA” or “Ginnie Mae”), the Farmers Home Administration and the Export-Import Bank. Securities issued by other government entities, like obligations of the Federal National Mortgage Association (“FNMA”or “Fannie Mae”), the Student Loan Marketing Association (“SLMA” or “Sallie Mae”), the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”), the Federal Home Loan Bank, the Tennessee Valley Authority and the United States Postal Service are not backed by the full faith and credit of the U.S. Government. However, these issuers have the right to borrow from the U.S. Treasury to meet their obligations. In contrast, the debt securities of other issuers, like the Farm Credit System, depend entirely upon their own resources to repay their debt obligations.The Fund engages in active trading—that is, frequent trading of its securities—in order to take advantage of new investment opportunities or yield differentials.In managing the Fund’s assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook are determined based on a thorough review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security.The Fund may use derivatives to manage its duration, as well as to manage its foreign currency exposure, to hedge against losses, and to try to improve returns.
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TPCAX - Performance
Return Ranking - Trailing
| Period | TPCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -7.8% | 11.6% | 51.14% |
| 1 Yr | 1.9% | -7.5% | 11.7% | 49.79% |
| 3 Yr | -2.7%* | -11.0% | 27.4% | 59.17% |
| 5 Yr | -0.5%* | -7.6% | 58.4% | 70.85% |
| 10 Yr | N/A* | -3.0% | 73.8% | 92.30% |
* Annualized
Return Ranking - Calendar
| Period | TPCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -16.2% | 8.1% | 37.11% |
| 2022 | -16.7% | -34.7% | 131.9% | 71.17% |
| 2021 | -3.6% | -11.6% | 4.4% | 60.29% |
| 2020 | 5.0% | -9.9% | 946.1% | 30.49% |
| 2019 | 5.8% | -1.7% | 16.9% | 42.02% |
Total Return Ranking - Trailing
| Period | TPCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -7.8% | 11.6% | 51.14% |
| 1 Yr | 1.9% | -7.5% | 11.7% | 49.79% |
| 3 Yr | -2.7%* | -11.0% | 27.4% | 59.17% |
| 5 Yr | -0.5%* | -7.6% | 58.4% | 70.85% |
| 10 Yr | N/A* | -3.0% | 73.8% | 96.66% |
* Annualized
Total Return Ranking - Calendar
| Period | TPCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.7% | -11.3% | 11.9% | 26.09% |
| 2022 | -14.5% | -32.2% | 131.9% | 76.91% |
| 2021 | -1.7% | -9.4% | 9.2% | 78.53% |
| 2020 | 8.2% | -1.9% | 1009.0% | 52.01% |
| 2019 | 8.8% | 1.1% | 21668.0% | 49.46% |
NAV & Total Return History
TPCAX - Holdings
Concentration Analysis
| TPCAX | Category Low | Category High | TPCAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.7 B | 2.9 M | 314 B | 47.67% |
| Number of Holdings | 1270 | 1 | 17880 | 33.13% |
| Net Assets in Top 10 | 230 M | 1.62 M | 35.1 B | 59.19% |
| Weighting of Top 10 | 11.77% | 4.7% | 3984.6% | 89.89% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 3.17%
- Fannie Mae or Freddie Mac 1.44%
- United States Treasury Note/Bond 1.41%
- Fannie Mae Pool 0.98%
- United States Treasury Strip Coupon 0.84%
- United States Treasury Note/Bond 0.83%
- Freddie Mac Pool 0.82%
- PGIM Institutional Money Market Fund - D 0.81%
- United States Treasury Note/Bond 0.74%
- United States Treasury Note/Bond 0.73%
Asset Allocation
| Weighting | Return Low | Return High | TPCAX % Rank | |
|---|---|---|---|---|
| Bonds | 93.74% | 0.00% | 9231.88% | 58.24% |
| Other | 6.52% | -27.25% | 1695.17% | 35.93% |
| Cash | 3.98% | -54.51% | 237.69% | 41.02% |
| Convertible Bonds | 1.03% | 0.00% | 7.93% | 67.15% |
| Stocks | 0.46% | 0.00% | 99.98% | 12.33% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 59.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TPCAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 43.45% | N/A |
| Real Estate | 0.00% | 0.00% | 99.26% | N/A |
| Industrials | 0.00% | 0.00% | 48.31% | N/A |
| Healthcare | 0.00% | 0.00% | 17.70% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 99.67% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TPCAX % Rank | |
|---|---|---|---|---|
| US | 0.46% | 0.00% | 99.98% | 12.36% |
| Non US | 0.00% | 0.00% | 88.46% | 47.98% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TPCAX % Rank | |
|---|---|---|---|---|
| Securitized | 57.58% | 0.00% | 98.40% | 7.85% |
| Corporate | 30.85% | 0.00% | 100.00% | 46.55% |
| Government | 9.54% | 0.00% | 86.23% | 87.13% |
| Cash & Equivalents | 3.98% | 0.00% | 237.69% | 39.98% |
| Municipal | 0.48% | 0.00% | 100.00% | 48.33% |
| Derivative | 0.22% | -6.56% | 43.84% | 15.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TPCAX % Rank | |
|---|---|---|---|---|
| US | 93.74% | 0.00% | 9042.62% | 50.67% |
| Non US | 0.00% | 0.00% | 189.26% | 65.94% |
TPCAX - Expenses
Operational Fees
| TPCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.68% | 0.01% | 39.64% | 50.68% |
| Management Fee | 0.32% | 0.00% | 1.76% | 38.09% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.29% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| TPCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.25% | 2.00% | 5.75% | 80.00% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TPCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TPCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 117.00% | 2.00% | 493.39% | 46.48% |
TPCAX - Distributions
Dividend Yield Analysis
| TPCAX | Category Low | Category High | TPCAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.46% | 0.00% | 10.11% | 35.75% |
Dividend Distribution Analysis
| TPCAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| TPCAX | Category Low | Category High | TPCAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.42% | -1.28% | 4.79% | 68.35% |
Capital Gain Distribution Analysis
| TPCAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.003 | OrdinaryDividend |
| Nov 29, 2024 | $0.029 | OrdinaryDividend |
| Oct 31, 2024 | $0.030 | OrdinaryDividend |
| Sep 30, 2024 | $0.031 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.030 | OrdinaryDividend |
| Feb 29, 2024 | $0.030 | OrdinaryDividend |
| Jan 31, 2024 | $0.029 | OrdinaryDividend |
| Dec 29, 2023 | $0.029 | OrdinaryDividend |
| Dec 21, 2023 | $0.015 | OrdinaryDividend |
| Nov 30, 2023 | $0.027 | OrdinaryDividend |
| Oct 31, 2023 | $0.028 | OrdinaryDividend |
| Sep 29, 2023 | $0.029 | OrdinaryDividend |
| Aug 31, 2023 | $0.027 | OrdinaryDividend |
| Jul 31, 2023 | $0.027 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.027 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.025 | OrdinaryDividend |
| Feb 28, 2023 | $0.024 | OrdinaryDividend |
| Jan 31, 2023 | $0.027 | OrdinaryDividend |
| Dec 30, 2022 | $0.025 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.021 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.020 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.018 | OrdinaryDividend |
| May 31, 2022 | $0.018 | OrdinaryDividend |
| Apr 29, 2022 | $0.015 | OrdinaryDividend |
| Mar 31, 2022 | $0.015 | OrdinaryDividend |
| Feb 28, 2022 | $0.015 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.014 | OrdinaryDividend |
| Nov 30, 2021 | $0.015 | OrdinaryDividend |
| Oct 29, 2021 | $0.015 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 30, 2021 | $0.016 | OrdinaryDividend |
| Jun 30, 2021 | $0.015 | OrdinaryDividend |
| May 28, 2021 | $0.016 | OrdinaryDividend |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.016 | OrdinaryDividend |
| Feb 26, 2021 | $0.015 | OrdinaryDividend |
| Jan 29, 2021 | $0.016 | OrdinaryDividend |
| Dec 31, 2020 | $0.016 | OrdinaryDividend |
| Dec 30, 2020 | $0.024 | CapitalGainShortTerm |
| Dec 30, 2020 | $0.042 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.017 | OrdinaryDividend |
| Oct 30, 2020 | $0.018 | OrdinaryDividend |
| Sep 30, 2020 | $0.018 | OrdinaryDividend |
| Aug 31, 2020 | $0.018 | OrdinaryDividend |
| Jul 31, 2020 | $0.019 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| May 29, 2020 | $0.020 | OrdinaryDividend |
| Apr 30, 2020 | $0.020 | OrdinaryDividend |
| Mar 31, 2020 | $0.022 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.021 | OrdinaryDividend |
| Dec 30, 2019 | $0.002 | CapitalGainLongTerm |
| Dec 23, 2019 | $0.001 | Extra |
| Nov 29, 2019 | $0.022 | OrdinaryDividend |
| Oct 31, 2019 | $0.022 | OrdinaryDividend |
| Sep 30, 2019 | $0.020 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
TPCAX - Fund Manager Analysis
Managers
Gregory Peters
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Gregory Peters is a Managing Director and Senior Investment Officer of PGIM Fixed Income. He is also senior portfolio manager for Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. Prior to joining PGIM Fixed Income, Mr. Peters was the Chief Global Cross Asset Strategist at Morgan Stanley and responsible for the firm's macro research and asset allocation strategy. In addition, he was Morgan Stanley's Global Director of Fixed Income & Economic Research and served on the Firm Risk, Investment, Asset Allocation, Global Credit, and Global Fixed Income Operating Committees. Earlier, Mr. Peters worked at Salomon Smith Barney and the Department of U.S. Treasury. Mr. Peters has been recognized by Institutional Investor magazine for his efforts in macro, fixed income, high yield and investment grade strategies. Mr. Peters was also recently recognized as Business Insider's Top Analysts and Top Analyst's to Watch by CEO World. Mr. Peters earned a BA in Finance from The College of New Jersey and an MBA from Fordham University. He is also a member of the Fixed Income Analyst Society and the Bond Market Association.
Richard Piccirillo
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Richard Piccirillo is a Principal and senior portfolio manager for PGIM Fixed Income’s Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. He is also a member of the Global Rates and Securitized Products Team focusing on CMBS. Mr. Piccirillo has specialized in mortgage-and asset- backed securities since joining Prudential Financial in 1993. Before joining Prudential Financial, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as a financial analyst at Smith Barney. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University.
Michael Collins
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Michael J. Collins, CFA, is a Managing Director and Senior Portfolio Manager for Core, Core Plus, Absolute Return, and other Multi-Sector Fixed Income strategies. Previously, Mr. Collins was a High Yield Portfolio Manager and Fixed Income Investment Strategist. Earlier he was a credit research analyst, covering investment grade and high yield corporate credits. Additionally, he developed proprietary quantitative international interest rate and currency valuation models for our global bond unit. Mr. Collins began his career at the Firm in 1986 as a software applications designer. He received a BS in Mathematics and Computer Science from the State University of New York at Binghamton and an MBA in Finance from New York University. Mr. Collins holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Life Management Institute (FLMI). Named Morningstar’s 2017 Fixed Income Manager of The Year for Prudential Total Return Bond Fund.
Lindsay Rosner
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Lindsay Rosner, CFA, is Vice President on the Multi-Sector Portfolio Management Team for PGIM Fixed Income. Her primary responsibilities are supporting our efforts in managing multi-sector portfolios across several mandates, including Core, Core Plus, and Core Conservative, both intermediate and long duration. Prior to joining the Firm in 2012, Ms. Rosner worked for Barclays Capital (and prior to that, Lehman Brothers) in New York City where she was a convertible bond trader, working with both hedge fund and traditional money management clients. Ms. Rosner is a graduate of Princeton University. She holds a BA from the Woodrow Wilson School of Public and International Affairs. Ms. Rosner holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
