A: PCWAX
|
C: PCWCX
|
R: PCWRX
|
Z: TGMBX
|
R6: PCWQX
|
|
|
|
|
|
|
Class A
|
Class C
|
Class R
|
Class Z
|
Class R6
|
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
|
3.25%
|
None
|
None
|
None
|
None
|
Maximum deferred sales charge (load) (as a percentage of the lower of the original purchase price or the net asset value
at redemption)
|
1.00%*
|
1.00%**
|
None
|
None
|
None
|
Maximum sales charge (load) imposed on reinvested dividends and other distributions
|
None
|
None
|
None
|
None
|
None
|
Redemption fee
|
None
|
None
|
None
|
None
|
None
|
Exchange fee
|
None
|
None
|
None
|
None
|
None
|
Maximum account fee (accounts under $10,000)
|
$15
|
$15
|
None
|
None***
|
None
|
|
Class A
|
Class C
|
Class R
|
Class Z
|
Class R6
|
Management fee
|
0.45%
|
0.45%
|
0.45%
|
0.45%
|
0.45%
|
Distribution and service (12b-1) fees
|
0.25%
|
1.00%
|
0.75%
|
None
|
None
|
Other expenses
|
0.68%
|
1.37%
|
44.30%
|
0.57%
|
0.45%
|
Total annual Fund operating expenses
|
1.38%
|
2.82%
|
45.50%
|
1.02%
|
0.90%
|
Fee waiver and/or expense reimbursement
|
(0.58)%
|
(1.27)%
|
(44.45)%
|
(0.47)%
|
(0.35)%
|
Total annual Fund operating expenses after fee waiver and/or expense reimbursement(1,2)
|
0.80%
|
1.55%
|
1.05%
|
0.55%
|
0.55%
|
Share Class
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Class A
|
$404
|
$692
|
$1,002
|
$1,880
|
Class C
|
$258
|
$754
|
$1,376
|
$2,706
|
Class R
|
$107
|
$6,123
|
$8,253
|
$9,333
|
Class Z
|
$56
|
$278
|
$518
|
$1,205
|
Class R6
|
$56
|
$252
|
$464
|
$1,076
|
Share Class
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Class A
|
$404
|
$692
|
$1,002
|
$1,880
|
Class C
|
$158
|
$754
|
$1,376
|
$2,706
|
Class R
|
$107
|
$6,123
|
$8,253
|
$9,333
|
Class Z
|
$56
|
$278
|
$518
|
$1,205
|
Class R6
|
$56
|
$252
|
$464
|
$1,076
|
|
Best Quarter:
|
Worst Quarter:
|
||
9.63%
|
2nd
Quarter
2020
|
-5.06%
|
1st
Quarter
2020
|
1The total return for Class Z shares for the period from January 1, 2022 through
|
June 30, 2022
|
was
|
-14.68%
|
.
|
Return Before Taxes
|
One Year
|
Five Years
|
Ten Years
|
Since
Inception
|
Inception
Date
|
Class A Shares
|
-4.26%
|
4.07%
|
N/A
|
3.88%
|
5-28-15
|
Class C Shares
|
-2.73%
|
3.97%
|
N/A
|
3.59%
|
5-28-15
|
Class R Shares
|
-1.30%
|
4.48%
|
N/A
|
4.10%
|
5-28-15
|
Class R6 Shares
|
-0.80%
|
5.01%
|
N/A
|
4.62%
|
5-28-15
|
Class Z Shares % (as of 12-31-21)
|
|||||
Return Before Taxes
|
-0.88%
|
5.01%
|
3.86%
|
-
|
|
Return After Taxes on Distributions
|
-2.41%
|
3.56%
|
2.68%
|
-
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-0.20%
|
3.25%
|
2.48%
|
-
|
|
Index % (reflects no deduction for fees, expenses or taxes) (as of 12-31-21)
|
|||||
Bloomberg US Credit Index
|
-1.08%
|
5.05%
|
4.45%
|
-
|
|
Investment Manager
|
Subadvisers
|
Portfolio Managers
|
Title
|
Service Date
|
PGIM Investments LLC
|
PGIM Fixed Income
PGIM Limited
|
Terence Wheat, CFA
|
Managing Director &
Co-Head of U.S.
Investment Grade
Corporate Bond Team
|
July 2018
|
|
|
Alyssa Davis
|
Principal & Portfolio
Manager
|
July 2018
|
|
|
David Del Vecchio
|
Managing Director &
Co-Head of U.S.
Investment Grade
Corporate Bond Team
|
April 2019
|
|
Class A*
|
Class C*
|
Class Z*
|
Class R*
|
Class R6
|
Minimum initial investment
|
$1,000
|
$1,000
|
None
|
None
|
None
|
Minimum subsequent investment
|
$100
|
$100
|
None
|
None
|
None
|
By Mail:
|
Prudential Mutual Fund Services LLC, PO Box 9658, Providence, RI 02940
|
By Telephone:
|
800-225-1852 or 973-367-3529 (outside the US)
|
On the Internet:
|
www.pgim.com/investments
|