AWARD

No. 2 Taxable Bond Category (1-year)

Mar 1, 2024

Awarded in February 2024 by Barron's Best Fund Families of 2023 to PGIM Fixed Income's Total Return Strategy

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ABOUT THIS AWARD

PGIM Fixed Income's Total Return Strategy was recognized in February 2024 as Number 2 in the Taxable Bond Category for one-year performance in 2023.

 

METHODOLOGY

Barron's rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity (including international and global portfolios); Mixed Asset (which invest in stocks, bonds and other securities); Taxable Bond; and Tax-Exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2023, minus the effects of 23b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and 10-year rankings as well. Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper's general U.S. Stock category; one in World Equity; and one Mixed Asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fun. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and "smart beta" ETFs, which are run passively but built on active investment strategies.

Awards and Accolades

Explore how PGIM Fixed Income has been recognized by various organizations in recent years.

Learn More

Any rating, rankings, and awards disclosed herein may not represent investor experience with PGIM Fixed Income or PGIM Fixed Income’s products or services, nor do they constitute a recommendation of PGIM or its services. These ratings, rankings, and awards are not being used to distinguish PGIM from any competitor or to imply a higher degree of sophistication, expertise, or success than other investment advisers. These awards are based on surveys that are not limited to PGIM Fixed Income’s products or services. These awards are not indicative of past or future performance. Past performance is not a guarantee or a reliable indicator of future results. A loss of principal may occur. The description and the selection methodologies of each award are subjective and will vary. PGIM Fixed Income does not pay a fee to participate in the award survey for any of the above-listed awards, with the exception of AsianInvestor Asset Management and the Asia Asset Management awards, for which a fee is paid to participate in the survey. PGIM Fixed Income does not pay a fee to distribute the award results; however, PGIM Fixed Income does pay a fee to use the award logos displayed herein.

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