Investment-Grade Credit

U.S. Long Duration Corporate

Investment Objective

Our 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 outperform a long corporate market benchmark over a full market cycle.1,2

Investment Philosophy

We construct and manage 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.

Investment Process

We employ 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, 2025.