ABOUT PGIM INVESTMENTS
Bringing investors long-term outperformance and deep asset class experience – powered by PGIM, a top-10 investment manager globally.
Unless otherwise disclosed, all information is current as of 12/31/2018.
1. Prudential Financial, Inc. is the 10th-largest investment manager (out of 562) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on 05/28/2018. This ranking represents assets managed by Prudential Financial as of 12/31/2017.
2. PGIM data, as of 12/31/18.
3. Simfund, as of 12/31/18 among top 50 competitors between 2008 and 4Q2018, excludes ETFs and money market funds.
4. Based on PGIM client list as of 12/31/18 compared to P&I/Towers Watson Top 300 Pension Funds ranking, data as of December 31, 2017, published September 2018.
5. Based on PGIM client list as of 12/31/18 compared to U.S. Plan Sponsor rankings in Pensions & Investments as of September 30, 2017, published February 2018.
Star ratings shown are for Class Z shares, which are available to individual investors through certain retirement and wrap fee programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. In addition to the ones shown above, other classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses will generally lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.
The risks associated with investing in these funds include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; high yield (“junk”) bonds, which are subject to greater market risks; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks. Sector funds and Specialty funds may not be suitable for all investors. Such funds are non-diversified, so a loss resulting from a particular security will have greater impact on the Fund's return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. The risks associated with each fund are explained more fully in each fund's respective prospectus. There is no guarantee a fund's objectives will be achieved.
Some Morningstar Ratings may not be customarily based on adjusted historical returns. If so, an investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints 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.
For the overall, 3-, 5- and 10-year periods, respectively, as of 12/31/2018: PGIM Total Return Bond Fund was rated 5 stars out of 876 funds, 5 stars out of 876 funds, 5 stars out of 767 funds, and 5 stars out of 560 funds, respectively; PGIM High Yield Fund was rated 4 stars out of 604 funds, 4 stars out of 604 funds, 5 stars out of 507 funds, and 4 stars out of 329 funds, respectively; PGIM Global Total Return Fund was rated 4 stars out of 260 funds, 5 stars out of 260 funds, 4 stars out of 244 funds, and 4 stars out of 138 funds, respectively; PGIM Jennison Focused Growth Fund was rated 4 stars out of 1247 funds, 3 stars out of 1247 funds, 4 stars out of 1107 funds, and 4 stars out of 799 funds, respectively; PGIM Jennison Global Opportunities Fund was rated 5 stars out of 729 funds, 5 stars out of 729 funds, 5 stars out of 618 funds, respectively; PGIM Jennison Growth Fund was rated 4 stars out of 1247 funds, 4 stars out of 1247 funds, and 4 stars out of 1107 funds, 4 stars out of 799 funds, respectively; PGIM Absolute Return Bond Fund was rated 4 stars out of 274 funds, 4 stars out of 274 funds, 4 stars out of 177 funds, respectively; PGIM Floating Rate Income Fund was rated 4 stars out of 213 funds, 3 stars out of 213 funds, 4 stars out of 196 funds, respectively; PGIM Short Duration Multi-Sector Bond Fund was rated 5 stars out of 472 funds, 5 stars out of 472 funds, 5 stars out of 405 funds, respectively; PGIM QMA Global Tactical Allocation Fund was rated 4 stars out of 213 funds, and 4 stars out of 213 funds, 4 stars out of 196 funds, respectively.
© 2019 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.
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 investing involves risk. Some mutual funds 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. Jennison Associates and PGIM, Inc. (PGIM) are registered investment advisors and Prudential Financial companies. QMA is the primary business name of Quantitative Management Associates LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. © 2019 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 with Prudential plc. which is headquartered 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 1013603-00003-00 Ed. 2/2019