Table of Contents
PGIM Fixed Income’s U.S. Long Duration Corporate Fixed Income Strategy is a single sector product, investing primarily in the investment grade corporate fixed income market. The Strategy is managed to achieve an excess return of +100 bps over a long corporate market benchmark over a full market cycle.1,2
PGIM Fixed Income constructs and manages portfolios in the U.S. Long Duration Corporate Fixed Income Strategy based on the philosophy that bottom-up industry and issue research and security selection, including relative value trading, generate high information ratios and, when executed successfully, can provide sustainable excess return over a corporate market benchmark.
Individual security selection and subsector/industry rotation comprise the majority of alpha in the U.S. Long Duration Corporate Fixed Income Strategy.
PGIM Fixed Income employs a disciplined, three-step investment process to manage U.S. Long Duration 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 March 31, 2022.