PGIM Core Bond Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, PGIM Core Bond Fund held 1,283 positions with $2.42B in net assets. Its ten largest holdings made up 13.4% of the fund. The TAIBX share class costs 0.34% a year. Over the 12 months to May 2026, TAIBX returned 5.5%, with dividends reinvested. In 2026 Q3 it added 102 new positions and exited 94.
The investment objective of the Fund is total return .
The fund invests at least 80% of its assets in bonds—including government, corporate, mortgage-related, and asset-backed securities—selected by its subadviser using top-down economic analysis, bottom-up credit research, and quantitative models to identify relative value and total return opportunities. The subadviser may trade actively and use derivatives to manage duration and currency exposure. Because security selection depends on the subadviser's analysis and outlook on individual issuers, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
PGIM ETF Trust | 3.02% | $72.93M | 1.4M | $51.29 |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.00% · due 2052-11-15 | 2.24% | $54.09M | — | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 3.38% · due 2042-08-15 | 1.31% | $31.78M | — | — |
PGIM ETF Trust | 1.19% | $28.77M | 575.0K | $50.04 |
(PIPA070) PGIM Core Government Money Market Fund | 1.14% | $27.59M | — | — |
PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 1.04% | $25.12M | — | — |
PGIM ETF Trust | 0.93% | $22.50M | 450.0K | $49.99 |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 5.00% · due 2045-05-15 | 0.92% | $22.17M | — | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.00% · due 2033-01-31 | 0.90% | $21.67M | — | — |
FEDERAL HOME LOAN MORTGAGE CORP 4.50% · due 2052-09-01 | 0.75% | $18.18M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 1,283 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 51.59% |
| Bonds | 44.86% |
| Cash & short-term | 2.44% |
| Derivatives | -0.13% |
Look-through blends 3 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- Securitized
- 50.8%
- Government
- 15.1%
- Other
- 11.7%
- Financials
- 6.4%
- 12 other sectors
- 16.0%
- Securitized
- 50.8%
- Government
- 15.1%
- Other
- 11.7%
- Financials
- 6.4%
- International
- 4.5%
- Utilities
- 2.0%
- Cash
- 1.6%
- Communication Services
- 1.5%
- Energy
- 1.1%
- Consumer Discretionary
- 1.0%
- Health Care
- 1.0%
- Industrials
- 0.9%
- Information Technology
- 0.8%
- Real Estate
- 0.8%
- Materials
- 0.7%
- Consumer Staples
- 0.2%
How it has done
TAIBX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.34%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.34% | +5.49% | +14.38% | +1.48% | -4.66% | |
| 0.66% | +5.16% | +13.30% | -0.14% | -4.91% | |
| 1.46% | +4.44% | +10.77% | -3.98% | -5.11% | |
| 0.33% | +5.61% | +14.56% | +1.57% | -4.66% | |
| 0.96% | +4.82% | +12.25% | -1.64% | -5.03% |
These classes hold the same portfolio, so the 5.55pp spread over 5 years is the cost difference between them — roughly 1.11pp a year — not a difference in what they own.
Fees & fund details
PGIM Core Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.33% – 1.46%· TAIBX 0.34%
- Portfolio turnover
- 121.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
102 new· the largest 4
94 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 84.0% |
| Floating rate | 14.7% |
| Zero-coupon or unclassified | 1.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.6% |
| 1-3y | 6.5% |
| 3-5y | 11.6% |
| 5-10y | 15.9% |
| 10y+ | 64.2% |
| Unknown | 0.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 58% |
| Credit spreads | 42% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.69 yr |
| High yield | +0.06 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.61 yr | 12% |
| 5 yr | 1.60 yr | 30% |
| 10 yr | 2.11 yr | 40% |
| 30 yr | 0.92 yr | 17% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.46 yr | 12% |
| 5 yr | 2.25 yr | 60% |
| 10 yr | 0.94 yr | 25% |
| 30 yr | 0.09 yr | 2% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.01 | +0.00 | $3.0k | $215 |
| 1 yr | +0.61 | +0.44 | +0.02 | $106.2k | $4.3k |
| 5 yr | +1.60 | +2.22 | +0.03 | $537.2k | $7.3k |
| 10 yr | +2.11 | +0.93 | +0.01 | $224.8k | $2.1k |
| 30 yr | +0.92 | +0.09 | +0.00 | $21.0k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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