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PGIM Total Return Bond R6 Overview

PGIM Total Return Bond R6 (PTRQX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. PGIM launched the fund in 2010.

The investment seeks total return. The fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by the fund's subadviser. It 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 fund may invest up to 30% of its investable assets in speculative, high risk, below investment-grade securities. It may invest up to 30% of its investable assets in foreign debt securities, including emerging market debt securities.

About PGIM Total Return Bond R6 (PTRQX)

There are 5 members of the management team with an average tenure of 11.09 years: Gregory Peters (2014), Matthew Angelucci (2023), Tyler Thorn (2023), Robert Tipp (2002), Richard Piccirillo (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. PGIM Total Return Bond R6 has 3169 securities in its portfolio. The top 10 holdings constitute 14.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

PGIM Total Return Bond R6 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PGIM Total Return Bond R6 has 18.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 0.0% allocated to foreign stock, and 1.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.3% (77.5% domestic bond, 18.8% foreign bond and 0.0% convertible bond). PGIM Total Return Bond R6 has 2.1% of the portfolio in cash.

Assets Under Management

The fund has $24 billion in total assets, which is above the $1 billion average for the Intermediate Core-Plus Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PTRQX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Total Return Bond R6 expense ratio is below average compared to funds in the Intermediate Core-Plus Bond category. PGIM Total Return Bond R6 has an expense ratio of 0.39%, which is 50% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Total Return Bond R6 has a portfolio turnover rate of 91%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.

Recently, in the month of July 2026, PGIM Total Return Bond R6 returned -1.4%, which earned it a grade of D, as the Intermediate Core-Plus Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

PGIM Total Return Bond R6 has a trailing yield of 4.55%, which is above the 4.36% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

PGIM Total Return Bond R6 Grades

Year to date, the fund has returned -0.4%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 3.2% over the past year (grade of A), 4.8% over the past three years (grade of A) and 0.1% per year over the past five years (grade of B) and 2.2% per year over the past 10 years (grade of B).

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