Morningstar

PGIM Global Total Return (USD Hedged) Fund- Class Z PHEZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.62  /  −0.46 %
  • Total Assets 30.2M
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.07%
  • Effective Duration 7.38 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:38 AM GMT+0

Morningstar’s Analysis PHEZX

Will PHEZX outperform in the 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 PHEZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHEZX 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 PHEZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

PGIM Global Total Return (USD Hedged) Z holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PHEZX

More PHEZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd/Eur Fwd 20260602 Mslngb2x

33.47 10M
Derivative

Eur/Usd Fwd 20260602 Barcus33

32.84 10M
Derivative

Usd/Eur Fwd 20260702 Barcus33

32.78 10M
Derivative

Swap Vm Jpm Usd

6.96 2M
Cash and Equivalents

United States Treasury Notes 4.25%

5.40 2M
Government

Jp Morgan Futures Collateral Eur

3.60 1M
Cash and Equivalents

Usd/Cnh Fwd 20260617 Bnpafrpp

3.54 1M
Derivative

Jpy/Usd Fwd 20260722 00235

3.46 1M
Derivative

United States Treasury Bonds 3.375%

3.43 1M
Government

United States Treasury Notes 3.625%

3.34 984,900
Government

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