PGIM International Bond Fund Class A (PXBAX)
PGIM International Bond Fund Class A operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $7.07, up 0.00% on the session, giving a market capitalisation of $28.5M. Its beta of 0.87 implies it has historically moved less than the broad market.
Generally, the fund commits a minimum of 80% of its investable capital to bonds spanning various maturities. Its primary focus is on fixed or floating rate debt instruments issued by foreign corporations and governments, which may be denominated in either U.S. dollars or other international currencies. A maximum of 35% of its total assets may be allocated to lower-rated or unrated securities. Furthermore, the fund has the flexibility to utilize derivative instruments for up to 25% of its net assets. This fund is structured as non-diversified.
PGIM International Bond Fund Class A is most often compared with the following Financial Services names: