PAJAX Performance — PGIM Global Dynamic Bond Fund, Class A
Data updated: 2023-09-25
PAJAX returned +12.12% over one year to Jul 2023. Over one year the fund beat its Money Market category average: $100 grew to $112, against $103 for the category. Volatility over the past 12 months was 5.63% a year. In the 12 months to Jul 2023 the fund took in a net $36.5M, and assets reached $39.56M.
PAJAX Growth of $100
What $100 invested in PGIM Global Dynamic Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Money Market category average over the same months.
| Period | PAJAX | Category average |
|---|---|---|
| 1 year (Aug 2022 – Jul 2023) | $112 | $103 |
| 3 years (Aug 2020 – Jul 2023) | $99 | $111 |
| Since data start (Aug 2019 – Jul 2023) | $99 | $112 |
PAJAX Trailing Returns
Total returns to Jul 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +12.12% |
3- and 5-year figures withheld: not verified.
PAJAX Annual Returns
Calendar-year total returns of PGIM Global Dynamic Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jul) | +8.71% |
| 2022 | −13.73% |
| 2021 | −1.26% |
| 2020 | +2.54% |
| 2019 (Aug–Dec) | +4.04% |
PAJAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +2.4% | +0.5% | −1.3% | +0.2% | +1.4% | +3.5% | +1.8% | — | — | — | — | — |
| 2022 | −2.4% | −7.1% | −0.2% | −3.7% | −0.9% | −5.3% | +2.3% | +0.2% | −2.0% | +2.4% | +2.3% | +0.3% |
| 2021 | −0.5% | −2.6% | −1.2% | +2.0% | +0.6% | +1.3% | +0.5% | +0.3% | −1.3% | −0.7% | −0.8% | +1.3% |
| 2020 | +0.7% | −2.1% | −17.5% | +5.1% | +6.2% | +2.7% | +3.2% | +0.8% | −1.0% | −0.3% | +4.9% | +2.1% |
| 2019 | — | — | — | — | — | — | — | +0.1% | +1.8% | +0.2% | +0.4% | +1.6% |
PAJAX Risk
Risk measures from monthly returns over Aug 2022 – Jul 2023.
- 1-year volatility (annualised): 5.63%
- Best month: +3.49% (Jun 2023)
- Worst month: −2.02% (Sep 2022)
PAJAX Fund Flows
Monthly money in and out of PGIM Global Dynamic Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $36.5M
- 12-month gross sales (incl. reinvestments): $13.7M
- Sales ÷ redemptions: -0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2023 | $244K | −$5.0M | $5.2M |
| Jun 2023 | $6.6M | −$6.5M | $13.1M |
| May 2023 | $290K | −$166K | $456K |
| Apr 2023 | $671K | −$210K | $881K |
| Mar 2023 | $265K | −$162K | $426K |
| Feb 2023 | $534K | −$1.6M | $2.1M |
| Jan 2023 | $384K | −$1.6M | $2.0M |
| Dec 2022 | $399K | −$2.4M | $2.8M |
| Nov 2022 | $2.3M | −$518K | $2.8M |
| Oct 2022 | $1.2M | −$1.9M | $3.1M |
| Sep 2022 | $347K | −$2.4M | $2.7M |
| Aug 2022 | $398K | −$486K | $885K |
PAJAX Assets Under Management
Net assets of PGIM Global Dynamic Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-07-31 | $39.56M |
| 2023-04-28 | $41.85M |
| 2023-01-31 | $43.18M |
| 2022-10-31 | $43.14M |
| 2022-07-29 | $46.33M |
| 2022-04-29 | $47.42M |
| 2022-01-31 | $58.38M |
| 2021-10-29 | $65.09M |
| 2021-07-30 | $64.84M |
| 2021-04-30 | $65.16M |
| 2021-01-29 | $99.81M |
| 2020-10-30 | $63.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.