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The investment objective of PGIM Fixed Income's Global High Yield Strategy is to outperform a global high yield index over a full market cycle. 1,2
The Global High Yield Strategy places an emphasis on high yield opportunities around the world, in multiple countries and currencies.
PGIM Fixed Income employs a disciplined, three-step investment process to manage Global High Yield 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.