Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.80% 15.66M -- 17.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-4.594M 3.80%

Basic Info

Investment Strategy
The Fund seeks to provide high current income consistent with the preservation of principal. The Fund normally invests at least 80% of its investable assets in bonds of corporations with varying maturities. The Fund generally will maintain an effective duration approximately equal to the duration of the Funds benchmark.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Corporates
Peer Group Corporate Debt Funds BBB-Rated
Global Macro Bond Corporates
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Corporate Debt Funds BBB-Rated
Fund Owner Firm Name PGIM Investments
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 64
-3.820B Peer Group Low
1.210B Peer Group High
1 Year
% Rank: 55
-4.594M
-7.623B Peer Group Low
4.993B Peer Group High
3 Months
% Rank: 48
-5.884B Peer Group Low
1.806B Peer Group High
3 Years
% Rank: 61
-10.92B Peer Group Low
11.80B Peer Group High
6 Months
% Rank: 43
-6.976B Peer Group Low
4.262B Peer Group High
5 Years
% Rank: 61
-28.14B Peer Group Low
23.29B Peer Group High
YTD
% Rank: 44
-7.205B Peer Group Low
3.969B Peer Group High
10 Years
% Rank: 71
-5.325B Peer Group Low
53.41B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
2025 *
-3.19%
13.68%
9.17%
-1.04%
-16.58%
8.66%
2.52%
2.84%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
3.22%
-2.80%
14.85%
9.86%
-1.30%
-16.85%
9.29%
2.27%
3.69%
-3.39%
15.01%
12.12%
-1.31%
-17.26%
8.07%
2.75%
3.24%
-3.19%
14.41%
10.99%
-1.48%
-16.62%
8.83%
2.79%
3.32%
As of April 05, 2026. *Indicates data for the year is incomplete.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-17-25) 3.68%
30-Day SEC Yield (6-30-25) 4.12%
7-Day SEC Yield --
Number of Holdings 258
Bond
Yield to Maturity (5-31-25) 5.14%
Effective Duration 6.50
Average Coupon 4.15%
Calculated Average Quality 3.365
Effective Maturity 12.54
Nominal Maturity 12.78
Number of Bond Holdings 249
As of May 31, 2025

Asset Allocation

As of May 31, 2025.
Type % Net
Cash 1.52%
Stock 0.00%
Bond 96.41%
Convertible 0.00%
Preferred 0.00%
Other 2.08%
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Top 10 Holdings

Name % Weight Price % Change
PGIM Core Government Money Market Fund
9.62% -- --
Morgan Stanley 2.239% 21-JUL-2032
2.24% -- --
Wells Fargo & Co 2.572% 11-FEB-2031
1.88% -- --
USD Cash
1.69% -- --
Bank of America Corp 20-OCT-2032
1.41% -- --
Bank of America Corp 1.898% 23-JUL-2031
1.34% -- --
JPMorgan Chase & Co 04-FEB-2032
1.30% -- --
Societe Generale SA 19-JAN-2028
1.24% -- --
Bank of America Corp 4.271% 23-JUL-2029
1.20% -- --
JPMorgan Chase & Co 4.452% 05-DEC-2029
1.18% -- --

Fees & Availability

Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee --
Administration Fee --
Maximum Front Load 3.25%
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors No
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 100.00 None

Basic Info

Investment Strategy
The Fund seeks to provide high current income consistent with the preservation of principal. The Fund normally invests at least 80% of its investable assets in bonds of corporations with varying maturities. The Fund generally will maintain an effective duration approximately equal to the duration of the Funds benchmark.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Corporates
Peer Group Corporate Debt Funds BBB-Rated
Global Macro Bond Corporates
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Corporate Debt Funds BBB-Rated
Fund Owner Firm Name PGIM Investments
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-17-25) 3.68%
30-Day SEC Yield (6-30-25) 4.12%
7-Day SEC Yield --
Number of Holdings 258
Bond
Yield to Maturity (5-31-25) 5.14%
Effective Duration 6.50
Average Coupon 4.15%
Calculated Average Quality 3.365
Effective Maturity 12.54
Nominal Maturity 12.78
Number of Bond Holdings 249
As of May 31, 2025

Fund Details

Key Dates
Inception Date 1/5/1993
Attributes
Inverse Fund --
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:PCWAX:DL", "name")
Broad Asset Class: =YCI("M:PCWAX:DL", "broad_asset_class")
Broad Category: =YCI("M:PCWAX:DL", "broad_category_group")
Prospectus Objective: =YCI("M:PCWAX:DL", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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