Perspectives on Market Volatility

We Stand By Our Employees, Our Clients and Our Communities

A Message from David Hunt, President and CEO of PGIM

Uncertainty surrounding the COVID-19 outbreak weighs on us all. In a note to clients and the broader PGIM community, CEO David Hunt reminds us that during times of crisis, it’s important that we look after each other. And while markets will fluctuate, our obligation to meet our steadfast commitment to our fiduciary duties remains

2Q 2020 Outlooks

The COVID-19 Recession, Recovery, and Investment Implications

In their 2Q 2020 outlooks, PGIM's asset managers assess the current global landscape and offer insights on investment implications in a post COVID-19 world.

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Weekly View from the Desk

PGIM Fixed Income shares their weekly views and outlook for fixed income markets.

PGIM Megatrends - After the Great Lockdown

PGIM shares insights on new business realities and the implications for investors

Featured Webinars

Q3 Fixed Income Market Outlook
Wednesday, June 24, 2020 at 2:00pm ET
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Q3 Global Real Estate Outlook
Wednesday, July 15, 2020 at 2:00pm ET
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Q3 Global Opportunities Outlook
Wednesday, July 22, 2020 at 2:00pm ET
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A Guide to Navigating Uncertain Markets

The market will have its ups and downs, but these seven tips can help your clients avoid common pitfalls and stay focused on their long-term investment goals.

Market Volatility Kit

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Featured Funds

INTERMEDIATE CORE-PLUS BOND

PGIM Total Return Bond Fund

 

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WORLD STOCK

PGIM Jennison Global Opportunities Fund

 

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GLOBAL REAL ESTATE

PGIM Global Real Estate Fund

 

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WORLD BOND

PGIM Global Total Return Fund

 

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ULTRA SHORT BOND

PGIM Ultra Short Bond ETF (PULS)

 

Named 2019 New Active ETF of the Year1

 

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TARGET DATE FUNDS

Prudential Day One® Target Date Funds

Solving for the right risks at the right time

 

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Stars reflect Overall Morningstar Ratings. See bottom of the page for important information regarding Morningstar ratings.

*“30 market cycles” represents Prudential Financial, Inc.’s (PFI) asset management expertise through PGIM and its affiliates and its predecessors. For additional information related to market cycles visit: www.nber.org/cycles

**Prudential Financial, Inc. is the 10th-largest investment manager (out of 526) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on 05/27/2019. This ranking represents assets managed by Prudential Financial as of 12/31/2018.

1 The PGIM Ultra Short Bond ETF was the recipient of the Fund Intelligence 2019 Mutual Fund and ETF Award for New Active ETF of the Year. ETF awards are given to the most successful ETF in each category. New Active ETF of the Year is given to the most successful active ETF as determined by a combination of several factors, including flows, performance and innovation. The ETF must be considered active by the Securities and Exchange Commission to qualify. ETFs launched on or after Jan. 1, 2018 are eligible for entry.

Morningstar Ratings as of 05/31/2020. PGIM Total Return Bond Fund: Overall Morningstar Rating out of 536 Intermediate Core-Plus Bond funds. PGIM Jennison Global Opportunities Fund: Overall Morningstar Rating out of 762 World Large Stock funds. PGIM Global Real Estate Fund: Overall Morningstar Rating out of 194 Global Real Estate funds. PGIM Global Total Return Fund: Overall Morningstar Rating out of 188 World Bond funds.  Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund’s 3-, 5-, and 10-year star rating for Z shares.

Source: Morningstar. The Morningstar Rating may be calculated based on its share class adjusted historical returns. If so, this investment's independent Morningstar Rating metric uses the fund's oldest share class to determine its hypothetical rating for certain time periods. The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

©2020 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.

 

Important Mutual Fund Information:

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and the 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 ETF's investing involves risk. Some mutual funds and ETF's have more risk than others. The investment return and principal value will fluctuate and investor's 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. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.

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 about managing or investing your retirement savings. 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.

Important Closed-End Fund Information:

A closed-end fund's investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and you could lose all or a portion of your investment. The use of leverage as an investing strategy can magnify losses and increase fees paid by the Fund. Shares of the Fund may trade on the exchange at a discount to their net asset value. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise.

An investment in the Fund's shares of common stock may be speculative in that it involves a high degree of risk and should not constitute a complete investment program. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

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. © 2020 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.

 

For compliance use only 1014338-00008-00 Ed. 4/2020