New Heights in High Yield

Taking a high-conviction approach to higher-yielding fixed income securities.

INGREDIENTS FOR EQUITY-LIKE RETURN POTENTIAL​

Elevated yields, strong corporate fundamentals and resilient economic trends contribute to a supportive backdrop for high yield bonds, while valuation dispersion fosters compelling conditions for the active pursuit of alpha. The high yield category offers equity-like return potential with less volatility at a time when stocks trade at the upper end of their historic valuation range.


Source: Calculated by PGIM Investments using data from Bloomberg, as of 31/3/2025. Yield-to-worst monthly data for Bloomberg Global Corporate High Yield Index.61 periods since index inception in 1987 in which the YTW for the Index was between 7% and 8%. An investment cannot be made directly in an index. Past Performance is no guarantee of future results.​

Equipped to achieve excellence

PGIM Fixed Income team was named  “2025 Best Fixed Income Manager” by AsianInvestor in the Asset Management Awards 2025.

PGIM Fixed Income team was named  “2025 Best Fixed Income Manager” by AsianInvestor in the Asset Management Awards 2025.
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PGIM Fixed Income team was named  “2025 Best Fixed Income Manager” by AsianInvestor in the Asset Management Awards 2025.

*The recognition was based on a comprehensive evaluation process considering both quantitative performance metrics and qualitative assessment by AsianInvestor’sjudging panel. Performance was measured against widely tracked benchmarks with particular attention to risk-adjusted returns during the 2024 calendar year, specifically on the firm’s ability to navigate market volatility and consistent performance across multiple fixed income strategies.

Equipped For Outperformance

Experience and Stability

PGIM Fixed Income has more than five decades of high yield bond investing experience as a firm, with portfolio managers averaging 22 years of experience and credit analysts averaging 15 years of experience.

INTENSIVE RESEARCH

More than 50 leveraged finance professionals based in the U.S., Europe and Asia conduct fundamental research and leverage firmwide insights to manage $97 billion in category assets.

RELENTLESS ON RISK

Informed by a risk-management heritage dating back to 1875, ongoing monitoring on the issuer and market levels aims to mitigate issuer, industry, credit quality, and liquidity risks.

Sources of data (unless otherwise noted) are as of 31 December 2024.
 


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