Five-star Prudential Total Return Bond Fund passes $10 billion in assets
Prudential Fixed Income manages the fund using core-plus, multi-sector investment strategy
“Naturally we’re pleased the fund has passed an important milestone in terms of assets,” said
The fund is sub-advised by Prudential Fixed Income, which has been managing fixed income portfolios since 1875 and currently manages about
Contributing to the fund’s consistent performance is Prudential Fixed Income’s focus on risk and the fact that its risk management team is an equal partner with credit research and portfolio management in managing the Fund.
“The prominence of risk management in the investment process was one way the total return strategy was able to weather the 2008 credit crisis and outperform most peers in the space,” said
Morningstar Overall Rating TM Class Z out of 905 Intermediate-Term Bond Funds as of 3/31/2015. Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on a fund’s 3-, 5-, and 10-year star ratings. The Fund’s Class Z 3-, 5-, and 10-year ratings are 5 stars out of 905 funds, 5 stars out of 803 funds, and 5 stars out of 584 funds, respectively.
The Morningstar Rating may not be customarily calculated based on adjusted historical returns. If so, this investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating for certain time periods. Other share classes may have different performance characteristics. Past performance does not guarantee future results. For each fund with at least a 3-year history, Morningstar calculates a Morningstar rating (based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 (each share class is rated separately, which may cause slight variations in the distribution percentages). The Fund was rated against U.S.-domiciled funds. 2015 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.
Morningstar rankings.Morningstar rankings are based on total return, do not include the effects of sales charges, and are calculated against all funds in each fund's respective Morningstar category using Class Z shares. Ranking represents the fund's standing across all funds in the Intermediate-Term Bond category: 1=highest; 100=lowest.
Prudential Investments is the mutual fund business of
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 lose money. There is no guarantee the Fund’s objectives will be achieved. 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; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks; and mortgage-backed securities which are subject to prepayment risks. The Fund may not be invested in all sectors at a given time.
Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. These risks may increase the Fund's share price volatility. Diversification does not assure a profit or protect against loss in declining markets.
Class 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
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. Read the prospectus and summary prospectus carefully before investing.
Mutual Funds are distributed by
*As of 12/31/14. Includes Core Conservative, Core, Global Core, Core Plus, Absolute Return, Global Aggregate Plus, Structured Maturity and Japan Core/Japan Core Bond Active.
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Source: Prudential Investments
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