Skip to main content
PGIM Investments LogoPGIM Investments Logo
  • Overview
    • Newsroom
    • PGIM Fixed Income
    • PGIM Real Estate
    • Jennison Associates
    • QMA
    • Careers
    • Mutual Funds
    • ETFs
    • Target Date Funds
    • Closed-End Funds
    • Separately Managed Accounts
    • Thought Leadership
    • Events
    • On the Markets
    • Investment Themes
  • Overview
    • Forms
    • Tax Center
    • Corporate Actions
    • Open Mutual Funds Account
    • Continuing Education Credits
  • Overview
    • DCIO Mutual Funds
    • DCIO Target Date Funds
    • Hybrid Target Date Funds
  • Contact
Fixed Income Banner

Prepare for extended low ratesPrepareforextendedlowrates

Fixed income investing in a lower-for-longer world

CAPITALIZE ON THE GOLDEN AGE OF CREDIT

Credit is in a boom cycle. Companies have ready-access to the credit markets and many issuers are using the proceeds to prioritize bondholders over equity holders. Despite tightening spreads, valuations remain compelling. Explore three reasons to take a closer look at the bond market.

  1. Subdued market outlook may spell opportunity
  2. The force is with bondholders
  3. Valuations remain attractive across select sectors and issuers
Learn More
Did You Know? The additional flexibility of Core Plus strategies has provided stronger historical returns on an absolute and risk-adjusted basis over the past 10- and 15-year periods.

EXPLORE THE CORE PLUS OPPORTUNITY SET

High-quality, intermediate-term Core and Core Plus bond strategies both provide income and serve as ballast to a portfolio’s equity exposure. However, between the two styles Core Plus has historically offered:

  1. Broader diversification across sectors and securities
  2. Stronger long-term returns on both an absolute and risk-adjusted basis
  3. Consistent outperformance relative to Core strategies
Learn More

A Heritage of Managing Risk

Consistent, strong, risk-adjusted returns do not happen by accident. They often come from applying a consistent philosophy over a period of years. PGIM Fixed Income’s investment approach and strong focus on risk management can be traced back to 1875, when it started managing the assets in Prudential’s general account.

PGIM Fixed Income is an active global fixed income manager bringing scale, stability, and broad capabilities to the pursuit of consistently strong, risk-adjusted returns.

Learn More
"The team…is backed by a fixed-income research powerhouse that includes a cadre of more than 100 portfolio managers and 100 analysts. The group also draws on a 50-plus-member team focused on proprietary analytics, risk management, and performance attribution." – Morningstar, Inc., 7/16/2020

A Distinctive Investment Process

PGIM Fixed Income’s investment process gives equal weight to credit research, portfolio management, and risk management to help deliver competitive returns and manage volatility. This unique structure helps to ensure proper checks and balances among the three key pillars of the investment process:

Credit Research

129 Credit Research Analysts averaging 24 years of experience1

Portfolio Management

125 Portfolio Managers averaging 25 years of experience1

Risk Management

69 Quantitative and Risk Management Analysts averaging 23 years of experience1

Resources to Help Grow Your Business

At PGIM Investments, we are committed to helping you grow your business. We have a variety of resources to ensure that you are having meaningful conversations with your clients ranging from asset manager outlooks and commentary to product implementation concepts and business-building ideas.

PGIM Fixed Income 1Q 2021 Outlook
Markets

PGIM Fixed Income 1Q 2021 Outlook

Jan 15, 2021

PGIM Fixed Income shares their views on the current economic environment and outlook for fixed income markets.

PGIM Fixed Income: Weekly View from the Desk
Fixed Income

PGIM Fixed Income: Weekly View from the Desk

Apr 5, 2021

Eying a Shifting Yield Curve and Fed Expectations

PGIM Fixed Income Podcast Series, All the Credit: Episode 11
Fixed Income

PGIM Fixed Income Podcast Series, All the Credit: Episode 11

Jan 11, 2021

Episode 11 features Susan Courtney, Head of the Municipal Bond Team, and Garrett Falzone, Head of Municipal Bond Research.

1 Source: PGIM Fixed Income. Data as of 6/30/2020.

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.

PGIM Total Return Bond Fund—The Fund may invest in high yield (“junk”) bonds (up to 30%), which are subject to greater credit and market risks; foreign securities (up to 30%), which are subject to currency fluctuation and political uncertainty; mortgage-related securities, which are subject to prepayment risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging techniques, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks. The Fund may not be invested in all sectors at a given time. U.S. government and agency securities are subject to market risk, interest rate risk, and credit risk. Not all U.S. government securities are insured or guaranteed by the full faith and credit of the U.S. government.

PGIM Short-Term Corporate Bond Fund—The Fund may invest in high yield (“junk”) bonds, which are subject to greater credit and market risks; mortgage-related securities, which are subject to prepayment risks; short sales, which involve costs and the risks of potentially unlimited losses; leveraging techniques, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks.

PGIM High Yield Fund—The Fund may invest in high yield (“junk”) bonds, which are subject to greater credit and market risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging techniques, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks.

PGIM Global Total Return Fund—The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; high yield (“junk”) bonds (up to 35%), which are subject to greater credit and market risks; asset-backed securities (up to 35%), which are subject to greater credit risk; mortgage-related securities, which are subject to prepayment risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging techniques, which may magnify losses; derivative securities, which may carry market, credit, and liquidity risks; and certain economic sectors, thereby increasing its vulnerability to a single economic, political, or regulatory development.

Class Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap, and asset allocation programs. They may also be available to institutional investors and through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

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.

An investment in our money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your clients investment at $1.00 per share, it is possible to lose money by investing in the funds.

Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and investors' 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. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus.

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 a financial professional.

Investment products are distributed by Prudential Investment Management Services LLC, a Prudential Financial company, member SIPC. Separately Managed Accounts are offered through our affiliates. Jennison Associates and PGIM, Inc. (PGIM) are registered investment advisors and Prudential Financial companies. QMA is the primary business name of QMA LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. © 2021 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, 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: Are not insured by the FDIC or any other federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

1041620-00002-00 Ed. 2/2021

  • About Us

    • Overview

    • Newsroom

    • PGIM Fixed Income

    • PGIM Real Estate

    • Jennison Associates

    • QMA

    • Contact

  • Products

    • Overview

    • Mutual Funds

    • ETFs

    • Target Date Funds

    • Closed End Funds

    • Separately Managed Accounts

  • Insights

    • Thought Leadership

    • On the Markets

    • Investment Themes

  • Resources

    • Overview

    • Forms

    • Tax Center

    • Careers

  • Retirement

    • Overview

    • DCIO Investments

    • Meet the Team

PGIM Investments Logo
  • Terms & Conditions
  • Privacy Policy
  • Accessibility

Prudential Financial, Inc. and its related entities.

Proxy Voting Recordsopens in a new window | Audit Committee Charter | Directors/Trusteesopens in a new window | Disclosure of Portfolio Holdings | Form 5500 | Nominating & Governance Committee Charter | Sales Load Breakpoints | Customer Loginopens in a new window | Careersopens in a new window

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:  PREI, Jennison Associates, QMA LLC, PGIM Fixed Income.   Securities are offered by Prudential Investment Management Services LLC (PIMS), a PFI company, 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 and QMA LLC.

The information contained is being provided as general investment education only and does not take into account the investment objectives or financial situation of any existing or prospective investors.  The information should not be construed as investment advice or a recommendation with respect to any security or investment strategy.  Investors seeking information regarding their particular investment needs should contact their financial professional.

© 2021 Prudential Financial, Inc. and its related entities. Jennison Associates, PGIM Real Estate, 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.