Prudential Investments® has launched the Prudential
Unconstrained Bond Fund (NASDAQ:PUCAX), a fixed income strategy that
offers investors an opportunity to tactically invest across a wide range
of fixed income sectors and securities. Prudential Investments is the
mutual fund business of Prudential Financial, Inc. (NYSE:PRU).
The fund is designed to appeal to investors seeking positive returns
over the long term, regardless of market conditions, and provides a
dynamic, flexible approach to multiple sources of potential returns
while attempting to mitigate interest rate sensitivity.
The fund is sub-advised by Prudential Fixed Income, which ranks among
the largest U.S. fixed income managers, with $560 billion in assets
under management as of March 31, 2015. The fund portfolio management
team, which also manages the Prudential Total Return Bond Fund (PDBAX)
and Prudential Absolute Return Bond Fund (PADAX), averages 21 years of
investment experience and includes Michael Collins, managing director
and senior investment officer; Gregory Peters, managing director and
senior investment officer; Richard Piccirillo, principal and senior
portfolio manager; and Robert Tipp, managing director, Chief Investment
Strategist, and head of global bonds. The portfolio managers may use a
variety of investment techniques in pursuit of the fund’s objectives,
including tactical duration, credit quality, yield curve and currency
management.
“This fund expands our suite of multi-sector bond products and provides
investors with an attractive alternative to traditional bond funds,”
said Stuart Parker, president of Prudential Investments. The fund is
available in the following share classes: A: PUCAX, C: PUCCX and Z:
PUCZX.
Prudential Investments is the fund business of Prudential Financial,
Inc., offering a range of open- and closed-end funds. Please visit www.prudentialfunds.com
for more information.
Prudential Fixed Income, with $560 billion in assets under management as
of March 31, 2015, offers institutional investors needs-based solutions
across all fixed income markets, with a focus on credit strategies and
liability-driven investing. Prudential Fixed Income has portfolio
management and research teams in Newark, N.J.; London and Singapore. For
more information, please visit http://www.prudentialfixedincome.com.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of March 31, 2015,
has operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees are committed to helping
individual and institutional customers grow and protect their wealth
through a variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds, and investment
management. In the U.S., Prudential’s iconic Rock symbol has stood for
strength, stability, expertise, and innovation for more than a century.
For more information, please visit www.news.prudential.com.
Principal risks include: fixed income instruments, which are
subject to credit, market, and interest rate risk; call and
redemption risk, where the issuer may call a bond held by the Fund
for redemption before it matures and the Fund may lose income; mortgage-backed
and asset-backed securities, which are subject to prepayment,
extension, and interest rate risks; loans, which include
collateral and uncollateralized loans and their possible inability to
meet obligations, senior loans not secured by any specific collateral,
where the Fund’s ability to receive payments of principal and interest
and other amounts in connection with loans depends primarily on the
financial condition of the borrower (failure by the Fund to receive such
payments because of a default, bankruptcy, or any other reason would
adversely affect the Fund’s income and would likely reduce the value of
its assets); liquidity risk, which exists when particular
investments are difficult to sell; high yield (“junk”) bonds,
which are subject to greater credit and market risks; interest rate
risk, where the value will decline as interest rates rise; foreign
or non-U.S. securities, which are subject to the risks of currency
fluctuation and political uncertainty; emerging markets risk,
which are subject to greater volatility and price declines; and currency
risk in that the value of a particular currency will change in
relation to other currencies. In addition, the Fund may invest in derivatives,
which include market, credit, and liquidity risks (the latter exists
when particular instruments are difficult to sell, often due to low
trading volumes), and may sell short (borrow securities), which may
prevent it from implementing its investment strategy due to its
obligation to cover its short position at a high price, resulting in
loss. U.S. government securities and U.S. Treasury bills are backed by
the full faith and credit of the U.S. government, are less volatile than
equity investments, and provide a guaranteed return of principal at
maturity. The risks associated with the Fund are more fully explained in
the prospectus. These risks may increase the Fund’s share price
volatility. There is no guarantee the Fund’s objective will be achieved.
Diversification does not guarantee a profit or protect against a loss in
declining markets.
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 Prudential Investment Management
Services LLC. Target funds are distributed by Prudential Investment
Management Services LLC, member SIPC. Prudential Fixed Income is a unit
of Prudential Investment Management, Inc. (PIM) and a registered
investment adviser. All are Prudential Financial companies. © 2015
Prudential Financial, Inc. and its related entities. Prudential
Investments LLC, Prudential, the Prudential logo, Bring Your Challenges,
and the Rock symbol are service marks of Prudential Financial, Inc. and
its related entities, registered in many jurisdictions worldwide.
Control number: 0279933-00001-00
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