Leveraged Finance

U.S. Bank Loans

1132579781

Investment Objective

PGIM Fixed Income's U.S. Senior Secured Loans Strategy seeks to outperform the Credit Suisse Leveraged Loan Index or a similar market index, over a full market cycle.1,2

Investment Philosophy

Our U.S. Senior Secured Loans investment philosophy is to build balanced and well-diversified portfolios of leveraged loans in companies with robust operating characteristics and defensible market positions. We look for management teams with strong track records and experience in managing levered capital structures. Above all, we focus on companies’ ability to generate stable cash flow.

Investment Process

PGIM Fixed Income employs a disciplined, three-step investment process to manage U.S. Senior Secured Loan 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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