# PGIM Total Return Bond Fund Class Z (PDBZX): Mutual Fund Facts & Distributions

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- Issuer: PGIM · Asset class: Bond
- Strategy: Actively Managed · Inception: 1996-09-16

This fund aims to deliver both consistent income and long-term capital growth, guided by its subadviser's strategy. Typically, it allocates a minimum of 80% of its investable capital to bonds. For the purpose of this policy, "bonds" encompass all fixed-income instruments, excluding preferred stock, that had an initial maturity exceeding one year. Up to 30% of its investable assets may be directed towards speculative, higher-risk fixed-income securities rated below investment grade. Additionally, the fund has the flexibility to invest up to 30% of its assets in international debt instruments...

## Key Facts

| Metric | Value |
|---|---|
| Price | $11.58 |
| Expense Ratio | 0.49% |
| AUM (All Share Classes) | $26.75B |
| NAV | $11.58 |
| Holdings Count | — |
| Distribution Yield (TTM) | 4.80% |
| Annual Distribution (TTM) | $0.56 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $11.39 – $12.32 |
| Beta | 0.99 |

## Latest Distribution

- Amount: $0.0492 /share
- Ex-date: 2026-09-30
- Pay date: 2026-09-30

## Frequently Asked Questions

### What does PDBZX invest in?

This fund aims to deliver both consistent income and long-term capital growth, guided by its subadviser's strategy. Typically, it allocates a minimum of 80% of its investable capital to bonds. For the purpose of this policy, "bonds" encompass all fixed-income instruments, excluding preferred stock, that had an initial maturity exceeding one year. Up to 30% of its investable assets may be directed towards speculative, higher-risk fixed-income securities rated below investment grade. Additionally, the fund has the flexibility to invest up to 30% of its assets in international debt instruments, which can include those from emerging markets.

### What is the expense ratio of PDBZX?

PGIM Total Return Bond Fund Class Z (PDBZX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

### What is PDBZX's dividend yield?

PDBZX's trailing-twelve-month yield is 4.80%, calculated from the sum of dividends over the past year divided by the current price.

### What is the duration of PDBZX?

Effective duration measures PDBZX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PDBZX's current duration is published on the fund's factsheet on the issuer's website.

### What is the credit quality of PDBZX?

PDBZX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

### What is the yield to maturity of PDBZX?

Yield to maturity (YTM) is the total return you'd earn from PDBZX if every bond in the portfolio is held to maturity at the current price. PDBZX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

### Does PDBZX pay a dividend?

Yes, PGIM Total Return Bond Fund Class Z (PDBZX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.80%. Full dividend history is on this page.

### How often does PDBZX pay dividends?

PGIM Total Return Bond Fund Class Z pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is PDBZX's next ex-dividend date?

The most recently announced ex-dividend date for PDBZX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will PDBZX's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does PDBZX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from PDBZX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does PDBZX cost more than a fund like VOO?

PDBZX is actively managed (current expense ratio 0.49%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PDBZX's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to PDBZX?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PDBZX (0.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/pdbzx
- Distribution history: https://www.dividenddata.com/funds/pdbzx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/pdbzx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/pdbzx/expenses
- Peer comparison: https://www.dividenddata.com/funds/pdbzx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.