Prudential (LON:PRU) Total Return Bond Class Z Fund (PDBZX) a Zacks Rank #1 (Strong Buy) was incepted in January 1995 and is managed by Prudential Investment Management. PDBZX's investment objective is total return. PDBZX seeks to achieve its objective through a mix of current income and capital appreciation as determined by the fund's investment adviser. PDBZX invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. Bonds include all fixed-income securities, other than preferred stock, with a maturity at date of issue of greater than one year. PDBZX's investment adviser allocates assets among different debt securities, including U.S. government securities, mortgage-related securities, corporate debt securities and foreign securities. PDBZX may invest up to 30% of its investable assets in below investment-grade securities (junk bonds).
The Prudential Total Return Bond Class Z fund, managed by Prudential, carries an expense ratio of 0.59%. Moreover, PDBZX requires a minimal initial investment of $5,000,000.
PDBZX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.59% and 5 year 4.73%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
PDBZX’s performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 7% over the past 3 years, and in the 6% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
(We are reissuing this article to correct a mistake. The original article, issued June 10, 2016, should no longer be relied upon.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
View All Zacks #1 Ranked Mutual Funds
Get Your Free (PDBZX): Fund Analysis Report
Original post
Zacks Investment Research