Prudential Investments has expanded its multi-sector fixed
income fund lineup with the launch of the Prudential International
Bond Fund (Class Z: PXBZX), which offers investors an opportunity
for income and capital appreciation through investments in a
variety of sectors in markets around the world. Prudential
Investments is the retail distribution business of PGIM, the global
investment management business of Prudential Financial, Inc.
(NYSE:PRU) and ranks among the top five fastest organically growing
fund families1.
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Stuart Parker, president, Prudential
Investments
The Prudential International Bond Fund has the flexibility to
respond to changing market opportunities while presenting
attractive risk-adjusted return potential relative to the broad
fixed income markets. At least 80 percent of the fund’s assets will
be invested in bonds with varying maturities. The fund will invest
primarily in non-U.S. fixed income securities, and expected to
attempt to limit foreign currency exposure by hedging to the U.S.
Dollar.
“The International Bond Fund joins our award winning fund lineup
and adds breadth and depth to our fixed income multi-sector bond
offerings,” said Stuart Parker, president of Prudential
Investments. “The fund is managed by the same team that oversees
the Prudential Global Total Return Fund, Inc. which is recognized
as a 2016 Lipper Fund Award winner for leading the global income
category over the 10-year period.”
The fund is sub-advised by PGIM Fixed Income, one of the largest
and most experienced fixed income managers in the industry2 . Its
portfolio management team averages 26 years of experience and
includes Michael Collins, managing director and senior investment
officer; Arvind Rajan, managing director and head of global and
macro; and Robert Tipp, managing director and chief investment
strategist.
For more information about the International Bond Fund or other
Prudential Investments mutual funds, please visit
www.prudentialfunds.com.
About PGIM Fixed Income
PGIM Fixed Income is a global asset manager offering active
solutions across all fixed income markets. The company manages
assets for institutional clients and retail investors worldwide
with $681 billion in assets under management as of Sept. 30,
2016.
About PGIM and Prudential Financial, Inc.
With 13 consecutive years of positive third-party institutional
net flows, PGIM, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest
asset managers in the world with more than $1 trillion in assets
under management as of September 30, 2016. PGIM’s businesses offer
a range of investment solutions for retail and institutional
investors around the world across a broad range of asset classes,
including fundamental equity, quantitative equity, public fixed
income, private fixed income, real estate and commercial mortgages.
Its businesses have offices in 16 countries across five continents.
Prudential’s other businesses also offer a variety of products and
services, including life insurance, annuities and
retirement-related services. For more information about PGIM,
please visit https://www.pgim.com. For more information about
Prudential, please visit http://www.news.prudential.com.
The Fund may invest in foreign securities, which are
subject to currency fluctuation and political uncertainty;
mortgage-backed and asset-backed securities which are
subject to prepayment, extension, and interest rate risks; short
sales, which involve costs and the risk of potentially
unlimited losses; leveraging techniques, which may magnify
losses; emerging markets, which are subject to greater
volatility and price declines; foreign currency, which may
change in value relative to other currencies, high yield
("junk") bonds, which are subject to greater credit risks;
derivative securities, which may carry market, credit, and
liquidity risks; and certain geographic and economic
sectors, thereby increasing its vulnerability to a single
economic, political, or regulatory development. Fixed income
investments are subject to interest rate risk, and their
value will decline as interest rates rise. The Fund may invest in
instruments that trade in lower volumes and are less liquid. There
is no guarantee the Fund's objective will be achieved.
Class Q and Z shares may be available to group retirement plans
and institutional investors through certain retirement, mutual fund
wrap and asset allocation programs, and to institutions at an
investment minimum of $5,000,000. Performance by share class may
vary. Other share classes, which contain either a sales load or a
contingent deferred sales charge, are also available. These
expenses could lower total fund return. Please see the prospectus
and statement of additional information for more details about
fees, expenses and investor eligibility requirements.
In the Lipper Fund Awards, funds had to be registered for sale
in the respective country as of the end of 2015 and the fund had to
have at least 36 months of performance history as of the end of the
evaluation year. S&P 500 Index funds, specialty diversified
equity funds and specialty/miscellaneous funds were not eligible to
receive classification awards. Rankings do not take sales charges
into account. Past performance is no guarantee of future
results.
The Lipper Fund Awards are based on risk-adjusted returns for
the 3-, 5-, and 10-year periods ending 11/30/2015 using Lipper's
proprietary, quantitative fund rating methodology. The awards are
based on the risk-adjusted returns for the period ended 11/30/2011.
Prudential Global Total Return Fund- #1 Global Income Fund (Class
Z) out of 76 funds for the 10-year period ended 11/30/2015.
Rankings for the 3- and 5-year periods were 72 out of 182 and 28
out of 130 funds, respectively.
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 your financial professional for a prospectus and summary
prospectus. Read them carefully before investing.
Mutual fund investing involves risk. Some mutual funds have more
risk than others. The investment return and principal value will
fluctuate and shares when sold may be worth more or less than the
original cost and it is possible to lost money.
Mutual funds are distributed by Prudential Investment Management
Services LLC (PIMS). PGIM Fixed Income is a unit of PGIM, Inc.
(PGIM), a registered investment advisor. PIMS and PGIM are
Prudential Financial companies. © 2017 Prudential Financial, Inc.
and its related entities. The PGIM logo and the Rock symbol are
service marks of Prudential Financial, Inc. and its related
entities, registered in many jurisdictions worldwide.
0300741-00001-00
1 Simfund, as of Sept. 30, 2016, among top 50 U.S. mutual fund
competitors between 2008 and 3Q2016.
2 Pensions & Investments, based on U.S. institutional tax
exempt assets under management as of 12/31/2015
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version on businesswire.com: http://www.businesswire.com/news/home/20170110005519/en/
MEDIA:PrudentialJudi Flynn,
973-802-9939judith.flynn@prudential.com
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