Global High Yield
Investment Objective
The investment objective of PGIM Fixed Income's Global High Yield Strategy is to outperform the Bloomberg Barclays Global High Yield Index or a similar index by +125 bps over a full market cycle. 1,2
Senior Portfolio Managers
Robert Cignarella, CFA Robert Cignarella, CFA
Head of U.S. High Yield, Co-Head of Global High Yield
Jonathan Butler Jonathan Butler
Head of European Leveraged Finance and Co-Head of Global High Yield Strategy
Available Vehicles
Separate Account
Investment Philosophy
The Global High Yield Strategy places an emphasis on high yield opportunities around the world, in multiple countries and currencies.
Investment Process
PGIM Fixed Income employs a disciplined, three-step investment process to manage Global High Yield Portfolios:
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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, 2022.