PGIM International Bond Fund Class Z
PXBZX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Prudential Investment Portfolio 9
- IPO Date
- Dec 14, 2016
- CIK
- 0001070287
- Similar Companies
- Business
- PGIM International Bond Fund Class Z (PXBZX) is an open-end mutual fund managed by PGIM Investments LLC, the retail mutual fund business of PGIM, Inc., that seeks total return through a combination of current income and capital appreciation. The fund primarily invests at least 80% of its investable assets in a diversified portfolio of fixed- and floating-rate debt securities issued by foreign corporations, governments, and supranational entities, denominated in U.S. dollars or non-U.S. currencies, including investment-grade sovereign bonds, corporate bonds, emerging market debt, and mortgage- or asset-backed securities with varying maturities; it may allocate up to 30% to high-yield below-investment-grade securities rated no lower than CCC. Available to U.S. retail and institutional investors seeking international fixed income exposure, the fund operates within the global bond segment, targeting developed and emerging markets worldwide. PGIM, Inc., headquartered in Newark, New Jersey, and tracing its asset management roots to 1875 through parent Prudential Financial, Inc., oversees more than $1.4 trillion in assets as the 10th-largest global asset manager, with fixed income comprising a core capability across 31 offices. The International Bond Fund Class Z shares, with no front-end load and a net expense ratio around 0.70%, form part of PGIM's broad suite of bond funds offered through Prudential Investment Portfolios 9, a series trust. In recent developments, PGIM entered a strategic partnership with Partners Group in December 2025 to deliver customized private markets solutions combining PGIM's public and private asset expertise with Partners Group's private equity focus, enhancing client access to alternatives. PGIM also expanded its fixed income offerings in August 2025 by launching three actively managed ETFs—the PGIM Corporate Bond 0–5 Year ETF (PCS), 5–10 Year ETF (PCI), and 10+ Year ETF (PCL)—providing targeted investment-grade corporate bond exposure across maturity spectrums. Additionally, PGIM strengthened its alternatives platform through a December 2025 agreement with Deerpath Capital to bolster private credit capabilities in the lower middle market, complementing its $237 billion alternatives assets under management.