Firm also receives four fund awards, recognizing strong
performance for target date, fixed income and real estate
funds
PGIM Investments is honored to receive several 2024 LSEG Lipper
Fund Awards recognizing the firm for investment excellence,
including the U.S. Group Award for Mixed Assets (Firm Size:
Large) over three years, and four fund awards across multiple
asset classes. The U.S. Group Award for Mixed Assets is attributed
to strong performance from the PGIM Target Date Funds, along with
Balanced, Income Builder and Real Asset Funds.
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Stuart Parker, President and CEO, PGIM
Investments (Photo: Business Wire)
For more than three decades, the Lipper awards have recognized
funds and fund management firms for their consistently strong
risk-adjusted performance relative to their peers. This is the 14th
consecutive year that PGIM Investments’ funds have received Lipper
Awards.
“We are honored to be recognized by Lipper for our strong
investment performance across a range of asset classes. These
awards reflect the deep expertise of our affiliate asset managers
and our ability to outperform for our clients over time,” said
Stuart Parker, president and CEO of PGIM Investments.
In addition, the following funds received awards for outstanding
performance in their respective categories for the 3-year period
ending Nov. 30, 2023*:
- The PGIM Target Date 2020 Fund was named best-in-class
among Mixed Asset Target 2020 funds for the 3-year period (R6 share
class, PDDJX) out of 128 funds.
- The PGIM Absolute Return Bond Fund was named
best-in-class among Absolute Return Bond funds for the 3-year
period (R6 share class, PADQX) out of 86 funds.
- The PGIM Securitized Credit Fund was named best-in-class
among Alternative Credit Focus funds for the 3-year period (R6
share class, SCFQX) out of 93 funds.
- The PGIM U.S. Real Estate Fund was named best-in-class
among Real Estate funds for the 3-year period (Z share class,
PJEZX) out of 200 funds.
Learn more about PGIM Investments’ funds.
ABOUT PGIM INVESTMENTS PGIM Investments LLC and its
affiliates offer more than 100 funds globally across a broad
spectrum of asset classes and investment styles. All products draw
on PGIM’s globally diversified investment platform that encompasses
the expertise of managers across fixed income, equities and real
estate.
ABOUT PGIM PGIM, the global asset management business of
Prudential Financial, Inc. (NYSE: PRU), is a global investment
manager with $1.3 trillion in assets under management as of Dec.
31, 2023. With offices in 18 countries, 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 public fixed income, private fixed income, fundamental
equity, quantitative equity, real estate and alternatives. For more
information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) 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. For more
information please visit news.prudential.com.
ABOUT LSEG LIPPER AWARDS The LSEG Mixed Asset Class Group
Awards are given to the best large and small groups separately.
Large fund family groups with at least three mixed-asset portfolios
are eligible for the group award. The lowest average decile rank of
the three years’ Consistent Return measure of the eligible funds
per asset class and group will determine the asset class group
award winner over the three-year period. PGIM funds in Lipper’s
mixed asset category include: PGIM Target Date Fund series, PGIM
Balanced Fund, PGIM Income Builder Fund and PGIM Real Assets
Fund.
The LSEG Lipper Fund Awards, granted annually, highlight funds
and fund companies that have excelled in delivering consistently
strong risk-adjusted performance relative to their peers. The LSEG
Lipper Fund Awards are based on the Lipper Leader for Consistent
Return rating, which is an objective, quantitative, risk-adjusted
performance measure calculated over 36, 60 and 120 months. The fund
with the highest Lipper Leader for Consistent Return (Effective
Return) value in each eligible classification wins the LSEG Lipper
Fund Award. For more information, see lipperfundawards.com.
Although LSEG Lipper makes reasonable efforts to ensure the
accuracy and reliability of the data used to calculate the awards,
their accuracy is not guaranteed. LSEG Lipper Fund Awards, © 2024
LSEG. All rights reserved. Used under license.
Lipper Leaders fund ratings do not constitute and are not
intended to constitute investment advice or an offer to sell or the
solicitation of an offer to buy any security of any entity in any
jurisdiction. Rankings do not take sales charges into account. Past
performance is no guarantee of future results.
*Detailed information regarding 2024
Lipper Awards rankings:
PGIM Target Date 2020 Fund, No. 1 Mixed-Asset Target 2020
Fund (Class R6) for the 3-year period out of 128 funds ended Nov.
30, 2023. Class R6 total return ranking for the 1-year period:
111 out of 139 funds; 5-year period: 50 out of 126 funds as of Nov.
30, 2023. Inception date: Class R6: Dec. 13, 2016. Lipper Funds
category rankings are based on total return, do not take sales
charges into account, and are calculated against all funds in each
fund’s respective Lipper category. Lipper total return ranking for
the 1-, 3- and 5-year periods as of Dec. 31, 2023 for the
Mixed-Asset Target 2020 Fund category were: 113 out of 137 funds, 5
out of 126 funds, and 65 out of 124 funds, respectively.
PGIM Absolute Return Bond Fund, No. 1 Absolute Return Bond
Fund (Class R6) for the 3-year period out of 86 funds ended Nov.
30, 2023. Class R6 total return ranking for the 1-year period:
1 out of 87 funds; 5-year period: 10 out of 81 funds; 10-year
period: 1 out of 46 funds as of Nov. 30, 2023. Inception date:
Class R6: March 30, 2011. Lipper Funds category rankings are based
on total return, do not take sales charges into account, and are
calculated against all funds in each fund’s respective Lipper
category. Lipper total return ranking for the 1-, 3-, 5- and
10-year periods as of Dec. 31, 2023 for the Absolute Return Bond
Fund category were: 23 out of 87 funds, 2 out of 86 funds, 19 out
of 81 funds, and 7 out of 48 funds, respectively.
PGIM Securitized Credit Fund, No. 1 Alternative Credit Focus
Fund (Class R6) for the 3-year period out of 93 funds ended Nov.
30, 2023. Class R6 total return ranking for the 1-year period:
2 out of 106 funds as of Nov. 30, 2023. Inception date: Class R6:
July 1, 2019. Lipper Funds category rankings are based on total
return, do not take sales charges into account, and are calculated
against all funds in each fund’s respective Lipper category. Lipper
total return ranking for the 1- and 3-year periods as of Dec. 31,
2023 for the Alternative Credit Focus Fund category were: 30 out of
106 funds and 1 out of 95 funds, respectively.
PGIM U.S. Real Estate Fund, No. 1 Real Estate Fund (Class Z)
for the 3-year period out of 200 funds ended Nov. 30, 2023.
Class Z total return ranking for the 1-year period: 20 out of 243
funds; 5-year period: 10 out of 213 funds; 10-year period: 10 out
of 150 funds as of Nov. 30, 2023. Inception date: Class Z: Dec. 21,
2010. Lipper Funds category rankings are based on total return, do
not take sales charges into account, and are calculated against all
funds in each fund’s respective Lipper category. Lipper total
return ranking for the 1-, 3-, 5- and 10-year periods as of Dec.
31, 2023 for the Real Estate Fund category were: 19 out of 242
funds, 5 out of 231 funds, 9 out of 213 funds, and 11 out of 153
funds, respectively.
Investing in mutual funds 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 a fund’s objectives will be achieved. Fixed income
investments are subject to interest rate risk, where their value
will decline as interest rates rise. Diversification does not
assure a profit or protect against loss in declining markets.
Class R6 and Z shares may be available to group retirement plans
and institutional investors through certain retirement, mutual fund
wrap and asset allocation programs. Class Z shares may also be
available to institutional investors and through fee- or
commission-based retail brokerage programs of certain financial
intermediaries. Class Z shares are generally closed to new
retirement plans. Please see the prospectus for additional
information about fees, expenses, and investor eligibility.
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.
Investment products are distributed by Prudential Investment
Management Services LLC, member FINRA and SIPC. PGIM Investments is
a registered investment advisor and investment manager to all PGIM
U.S. open-end investment companies. PGIM Quantitative Solutions,
Jennison Associates, and PGIM are registered investment advisors
and Prudential Financial companies. PGIM Quantitative Solutions is
the primary business name of PGIM Quantitative Solutions LLC, a
wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real
Estate are units of PGIM. © 2024 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.
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. Clients seeking information regarding
their particular investment needs should contact a financial
professional.
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Kylie Scott 973-902-2503 kylie.scott@pgim.com
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