RISING RATES MAY HAVE
WE HAVE STRATEGIES
PRUDENTIAL INVESTMENTS » MUTUAL FUNDS
In bull markets. In bear markets. In every kind of market, risk is there.
Which is why we never stop measuring, analyzing and understanding risk
to deliver the most timely investment solutions.
Today, many investors are concerned that a rise in interest rates could lead
to losses in fixed income. We offer a full suite of fixed income funds designed
to help mitigate interest rate risk, with strategies including duration management,
sector diversification, and higher credit quality concentration.
Learn more about our risk management discipline and get fixed income
fund facts at PrudentialMutualFunds.com
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 or summary prospectus. Read them carefully before investing.
Only eligible investors, including various institutional investors and investors in certain mutual fund wrap
or asset allocation programs, may purchase Class Z shares. See the prospectus for eligibility requirements.
Duration measures the approximate price volatility of a bond or bond portfolio for a small change in interest rates.
Mutual fund investing involves risk. Some funds have more risks than others. The risks associated with
investing in these funds include but are not limited to: derivative securities, which may carry market,
credit, and liquidity risks (FRFZX, HYSZX, PIFZX, SDMZX); emerging markets securities are subject to
greater volatility and price declines (PADZX); foreign securities, which are subject to currency fluctuation
and political uncertainty (PADZX, FRFZX, HYSZX, SDMZX); high yield (“junk”) bonds, which are subject
to greater market risks (all funds); leveraging, which may magnify losses (PIFZX); liquidity risk, which
exists when particular investments are difficult to sell (PADZX, FRFZX, HYSZX, SDMZX); mortgage-backed
and asset-backed securities, which are subject to prepayment, extension, and interest rate risks (PADZX,
PIFZX, SDMZX); and short sales, which involve costs and the risk of potentially unlimited losses (PIFZX).