Multi-Sector

Long Duration Government/Credit

Fact Sheet
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Investment Objective

The investment objective of the Long Duration Government/Credit Bond strategy seeks to outperform the Bloomberg Barclays U.S. Long Government/Credit Index (the "Index") over a full market cycle.1,2

Investment Philosophy

The Long Duration Government/Credit Bond Strategy seeks to maximize its excess return in equal increments of top-down sector allocation and bottom-up subsector and security selection, with an emphasis on the credit and "spread" sectors.

Investment Process

PGIM Fixed Income employs a disciplined, three-step investment process to manage Long Duration Government/Credit Portfolios:

Figure 1

1 There is no guarantee that these objectives will be met.

2 On average, over a full market cycle defined as three to five years.

No risk management technique can guarantee the mitigation of elimination of risk in any market environment.

Source: PGIM Fixed Income as of March 31, 2025.

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