PGIM Global Total Return Fund
Prudential Global Total Return Fund, Inc. · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
PGIM Global Total Return Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The Fund's investment objective is to seek total return , made up of current income and capital appreciation .
The fund is managed by a subadviser that combines top-down economic analysis with bottom-up research on individual issuers to select global debt securities across developed and emerging markets, emphasizing country and currency selection to identify relative value. The portfolio normally holds at least 65% in income-producing debt securities including government, corporate, mortgage-related and asset-backed securities, with at least 40% in non-U.S. dollar denominated securities (though this may decline to 30% under unfavorable conditions), and may allocate up to 35% to speculative-grade and unrated bonds. Because the subadviser's security selections depend on its assessments of issuer financial health, governance and expected returns rather than tracking an index, portfolio performance will diverge from any benchmark. The fund uses derivatives to manage duration and currency exposure.
| Share class | Gross | Net |
|---|---|---|
| GTRAX | 0.95% | 0.88% |
| PCTRX | 1.77% | 1.63% |
| PZTRX | 0.66% | 0.63% |
| PGTQX | 0.54% | 0.54% |
| PGTOX | 1.30% | 1.08% |
| PGTSX | 0.84% | 0.83% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 26.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 86.06% |
| Securitized | 11.27% |
| Cash & short-term | 2.22% |
| Stocks | 0.20% |
| Loans | 0.07% |
| Derivatives | -0.92% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Government | 52.4% |
| International | 20.3% |
| Financials | 7.6% |
| Other | 5.6% |
| 12 smaller | 14.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT, CHINA GOVERNMENT BOND, JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE, PRUDENTIAL INVESTMENT PORTFOLIOS 9, BERKSHIRE HATHAWAY INC, AGRICUL DEV BANK CHINA, PROLOGIS YEN FINANCE LLC, LINEAGE EUROPE FINCO BV
Largest exited: (PIPA070) PGIM Core Government Money Market Fund, US TREASURY N/B, CITIGROUP INC, Invesco Euro CLO, CHINA GOVERNMENT BOND ×2, BERKSHIRE HATHAWAY INC, CIFC European Funding CLO
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.06% | +17.15% | -6.12% | 5.51% | -5.26% | |
| +3.30% | +14.57% | -9.59% | 5.72% | -5.45% | |
| +4.34% | +18.01% | -4.96% | 5.66% | -5.35% | |
| +4.43% | +18.31% | -4.53% | 5.31% | -5.28% | |
| +3.86% | +16.58% | -6.94% | 5.70% | -5.41% | |
| +4.12% | +17.27% | -5.87% | 5.62% | -5.35% |
These classes hold the same portfolio, so the 5.06pp spread over 5 years is the cost difference between them — roughly 1.01pp a year — not a difference in what they own.
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 | 87.5% |
| Floating rate | 10.1% |
| Zero-coupon or unclassified | 2.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.3% |
| 1-3y | 17.7% |
| 3-5y | 16.7% |
| 5-10y | 30.0% |
| 10y+ | 27.7% |
| Unknown | 2.5% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
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 about half 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 | 61% |
| Credit spreads | 39% |
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 | +4.09 yr |
| High yield | +0.31 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.53 yr | 8% |
| 5 yr | 2.00 yr | 29% |
| 10 yr | 2.91 yr | 42% |
| 30 yr | 1.46 yr | 21% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.51 yr | 12% |
| 5 yr | 1.88 yr | 43% |
| 10 yr | 1.62 yr | 37% |
| 30 yr | 0.36 yr | 8% |
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 | +0.01 | +0.02 | +0.00 | $4.8k | $1.0k |
| 1 yr | +0.53 | +0.43 | +0.08 | $111.0k | $21.0k |
| 5 yr | +2.00 | +1.72 | +0.17 | $445.3k | $42.9k |
| 10 yr | +2.91 | +1.56 | +0.06 | $405.1k | $14.7k |
| 30 yr | +1.46 | +0.36 | +0.00 | $92.8k | $1.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.92 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT5.00% · due 2045-05-15 | 4.11% | $106.58M | — |
| — | CHINA GOVERNMENT BOND4.40% · due 2046-12-12 | 2.57% | $66.67M | — |
| — | HELLENIC REPUBLIC - MINISTRY OF FINANCE GENERAL ACCOUNTING OFFICE PUBLIC DEBT DIVISION1.88% · due 2035-02-04 | 2.36% | $61.08M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2032-09-30 | 1.73% | $44.87M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT2.38% · due 2042-02-15 | 1.58% | $40.88M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT2.25% · due 2049-08-15 | 1.34% | $34.81M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.38% · due 2048-11-15 | 1.24% | $32.01M | — |
| — | VIETNAM, SOCIALIST REPUBLIC OF5.50% floating · due 2028-03-12 | 1.22% | $31.53M | — |
| — | JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE2.10% · due 2035-12-20 | 1.19% | $30.90M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT2.38% · due 2051-05-15 | 1.08% | $27.88M | — |
Top 10 positions are 18.42% of net assets, top 25 29.62%, across 459 issuers.
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