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Hunting for Income

Hedging Equity Market Risk HedgingEquityMarketRisk

Bonds have historically offered positive returns during monetary easing cycles, highlighting fixed income’s ability to offset equity market risk.   

After the past seven tightening cycles, following the first rate cut, bonds delivered 68% of the return of stocks with only 27% of the volatility and more consistency in their range of outcomes.1 

3-YEAR RISK-ADJUSTED RETURNS FOLLOWING FIRST FED RATE CUT

Discover PGIM’s Diversified Fixed Income Fund Lineup

PGIM Investments offers diversified fixed income funds that are well-suited for reducing risk profiles among client portfolios overexposed to equities:

PGIM Government Income Fund
Mutual Funds

PGIM Government Income Fund

PGIM Government Income Fund seeks high current return by investing at least 80% in securities issued by the U.S. government, agencies, or instrumentalities.

PGIM Total Return Bond Fund
Mutual Funds

PGIM Total Return Bond Fund

PGIM Total Return Bond Fund may appeal to investors seeking a core bond fund that diversifies across sectors and offers a competitive yield and total return.

PGIM Core Bond Fund
Mutual Funds

PGIM Core Bond Fund

PGIM Core Bond Fund seeks total return by investing in a diversified portfolio of investment-grade fixed income securities.

1Source: Morningstar, Bloomberg, S&P. Bonds represented by Bloomberg U.S. Aggregate Bond Index and stocks represented by S&P 500 Index. Average annualized returns three years following the first rate cut after the past seven Fed rate hike cycles (end dates used: 8/21/1984, 9/4/1987, 2/24/1989, 2/1/1995, 5/16/2000, 6/29/2006, 12/19/2018). Past performance does not guarantee future results. 

Diversification does not assure a profit or protect against loss in declining markets.

Investing involves risk. Some investments are riskier than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise.

Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact the PGIM Investments Sales Desk at (800) 396-5501 to obtain the prospectus and summary prospectus. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment adviser and investment manager to all PGIM US open-end investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment adviser. All are Prudential Financial affiliates. ©2024 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

Investment Products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

For financial professional use only. Not for use with the public. 

For compliance use only 3912527

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This site is intended for U.S. investors only.  All investments involve risk, including loss of principal.

PGIM, the principal investment management business of Prudential Financial, Inc. (PFI), is comprised of several business units, including PGIM Investments.   PGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Other PGIM businesses that may sub-advise certain PGIM Investments open and closed-end investment companies include:  PGIM Real Estate, Jennison Associates, PGIM Quantitative Solutions LLC, PGIM Limited, and PGIM Fixed Income. Investment products are distributed by Prudential Investment Management Services LLC,  member FINRAopens in a new window, SIPCopens in a new window and affiliate of PGIM Investments.   Any content relating to securities is the sole responsibility of PIMS, unless otherwise noted.  Check the background of this firm on FINRA’s BrokerCheckopens in a new window.

By accessing links on this web site, you may be leaving PGIM Investments and PIMS and be directed to PGIM Affiliate sites.

Separately managed accounts are offered through PGIM, Inc., Jennison Associates, PGIM Custom Harvest, and PGIM Quantitative Solutions LLC.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

© 2025 Prudential Financial, Inc. and its related entities. Jennison Associates, PGIM Real Estate, PGIM Custom Harvest, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

 

INVESTMENT PRODUCTS: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

 

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