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PGIM Fixed Income's Global Corporate Fixed Income Strategy is a single sector product that invests primarily in investment grade corporate bonds of U.S., European, and other developed country issuers. The objective of the strategy is to outperform a global corporate bond benchmark, typically the Bloomberg Barclays Global Corporate Index (Unhedged), over a full market cycle.1,2
PGIM Fixed Income constructs and manages global corporate fixed income portfolios based on the philosophy that bottom-up industry and security selection generate high information ratios and, when executed successfully, can provide sustainable excess return over a global corporate bond benchmark. We follow the same philosophy in all global, U.S., and European corporate fixed income portfolios.
PGIM Fixed Income employs a disciplined, three-step investment process to manage Global Corporate Portfolios:
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 December 31, 2022.