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Morningstar

PGIM Strategic Bond Z PUCZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.22  /  +0.14 %
  • Total Assets 982.7 Mil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 7.51%
  • Effective Duration 4.43 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 12:11 AM GMT+0

Morningstar’s Analysis PUCZX

Will PUCZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PUCZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PUCZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PUCZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in PGIM Strategic Bond Z's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PUCZX

More PUCZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd/Eur Fwd 20240419 0997

4.99 54.6 Mil
Derivative

Prudential Govt Money Mkt Fd

4.78 52.3 Mil
Cash and Equivalents

Usd/Eur Fwd 20240419 2568

4.60 50.3 Mil
Derivative

Federal National Mortgage Association 2%

4.42 48.3 Mil
Securitized

Usd/Eur Fwd 20240419 955

3.07 33.5 Mil
Derivative

Usd/Gbp Fwd 20240419 Midlgb22

2.75 30.1 Mil
Derivative

Federal National Mortgage Association 3%

2.64 28.8 Mil
Securitized

Federal National Mortgage Association 3%

2.12 23.2 Mil
Securitized

MORGAN STANLEY CAPITAL I TRUST 3.1771%

1.62 17.7 Mil
Securitized

JPMorgan Chase & Co. 3.65%

1.56 17.1 Mil
Corporate