PGIM Total Return Bond Fund

C000012435 Fund Overview

PGIM Total Return Bond Fund is a US mutual fund managed by Prudential Investment Portfolios, Inc. 17, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Prudential Investment Portfolios, Inc. 17
• Category: Long Total / Aggregate Bond
• Assets under management: $52.93B
• SEC CIK: 0000929523
• SEC series ID: S000004536
• Share class ID: C000012435

C000012435 Investment Objective and Strategy

PGIM Total Return Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios, Inc. 17.

Investment objective

The investment objective of the Fund is total return .

Principal investment strategy

The Fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by the Fund's investment subadviser. The Fund invests, under normal circumstances, at least 80% of the Fund's investable assets in bonds. For purposes of this policy, bonds include all fixed-income securities, other than preferred stock, with a maturity at date of issue of greater than one year. The term investable assets refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund's investment subadviser allocates assets among different debt securities, including (but not limited to) US Government securities, mortgage-related and asset-backed securities, corporate debt securities and foreign securities.

The Fund may invest up to 30% of its investable assets in speculative, high risk, below investment-grade securities having a rating of not lower than CCC. These securities are also known as high-yield debt securities or junk bonds. The Fund may invest up to 30% of its investable assets in foreign debt securities. In managing the Funds assets, the subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends. In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook is determined based on a complete review of the financial health and trends of the issuer.

The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Fund may invest in a security based upon the expected total return rather than the yield of such security. Some (but not all) of the US Government securities and mortgage-related securities in which the Fund will invest are backed by the full faith and credit of the US Government, which means that payment of interest and principal is guaranteed, but yield and market value are not. These include obligations of the Government National Mortgage Association (GNMA or Ginnie Mae), the Farmers Home Administration and the Export-Import Bank. Securities issued by other government entities, like obligations of the Federal National Mortgage Association (FNMA or Fannie Mae), the Student Loan Marketing Association (SLMA or Sallie Mae), the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), the Federal Home Loan Bank, the Tennessee Valley Authority and the United States Postal Service are not backed by the full faith and credit of the US Government.

However, these issuers have the right to borrow from the US Treasury to meet their obligations. In contrast, the debt securities of other issuers, like the Farm Credit System, depend entirely upon their own resources to repay their debt obligations.

C000012435 Holdings

Top 10 holdings of PGIM Total Return Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000012435 holdings

C000012435 Portfolio Allocation

Asset-class allocation of PGIM Total Return Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000012435 Costs and Fees

C000012435 costs about $126 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.26%
• Gross expense ratio: 1.88%
• Portfolio turnover: 91%
• Brokerage commissions: 0.40 bps of average net assets (SEC N-CEN)

C000012435 Cashflows

Over the 12 months to 2026-04, PGIM Total Return Bond Fund had net inflows of $3.53B, from monthly SEC N-PORT filings.

C000012435 Debt Constituents

Largest debt holdings of PGIM Total Return Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000012435 Prospectus and SEC Filings

Official PGIM Total Return Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-12-23
• Prospectus (485BPOS) — filed 2024-12-20
• Prospectus supplement (497) — filed 2024-04-17
• Portfolio holdings (N-PORT) — filed 2026-09-29
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-03-30
• Annual census (N-CEN) — filed 2026-01-13
• Annual census (N-CEN) — filed 2025-01-14

Related Funds

Other Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• JPMorgan Core Bond Fund (WOBDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.