PGIM Global Total Return Fund;Z
PZTRX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Newark, NJ 07102 Newport Beach CA United States of America 92660
- IPO Date
- Mar 17, 1997
- CIK
- 0000793159
- Website
- pimco.com
- Similar Companies
- Business
- PGIM Global Total Return Fund Class Z (PZTRX) is a mutual fund that seeks total return through a combination of current income and capital appreciation by investing primarily in a diversified portfolio of U.S. and non-U.S. fixed income securities, including income-producing debt securities of corporations and governments, supranational organizations, semi-governmental entities, investment-grade mortgage-related and asset-backed securities, as well as short-term and long-term bank debt securities and deposits denominated in U.S. dollars or foreign currencies; the fund normally allocates at least 65% of its assets to these holdings, with significant exposure to emerging markets debt (30.3%), investment-grade corporate bonds (22.3%), foreign government-related securities (18.5%), U.S. government-related securities (12.4%), high-yield bonds (5.3%), and other categories such as commercial MBS, ABS, and bank loans. Class Z shares feature a net expense ratio of 0.63%, with total net assets for the share class at approximately $937 million and overall fund assets exceeding $2.85 billion as of late 2025. The fund maintains an average maturity of 8.6 years, duration of 6.8 years, and benchmarks against the Bloomberg Global Aggregate TR USD index, offering global diversification across countries like the United States (39.5% of assets), France, Italy, Greece, China, Mexico, and Spain, with currencies including USD (44.9%), EUR (23.3%), and Japanese Yen (8.2%). Managed by PGIM Fixed Income, a division of PGIM, Inc., the fund operates within the global fixed income segment targeting institutional and retail investors seeking income and modest capital growth through active management focused on currency selection, economic conditions, yield, duration, price appreciation potential, credit quality, maturity, and risk. PGIM, headquartered in Newark, New Jersey, traces its roots to Prudential Financial founded in 1875 and rebranded from Prudential Investment Management in 2016, managing over $1 trillion in assets across fixed income, equity, real estate, and alternatives from 31 offices worldwide. The fund is available primarily in the United States, with share classes including A, C, R2, R4, R6, and Z, each with varying expense ratios and minimum investments. Recent developments at PGIM include a December 2025 strategic partnership with Deerpath Capital to enhance its $237 billion alternatives platform through PGIM Private Capital, adding lower middle-market direct lending expertise while preserving Deerpath's independence; additionally, PGIM Private Capital provided $14.9 billion in senior debt and junior capital to over 238 middle-market companies globally in 2024, reflecting strong origination activity expected to continue into 2025. The fund itself ranked highly in Barron's Best Fund Families (#4 over 1-year ended 12/31/2024) and showed competitive Lipper total return rankings for Class Z shares as of 9/30/2025 (1st: 53/206; 3rd: 15/201), amid ongoing portfolio adjustments to navigate geopolitical risks and interest rate environments. No specific acquisitions, funding rounds, or product launches were announced for the fund in the last 1-2 years, though PGIM's broader fixed income strategies continue to emphasize global diversification and risk management.