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PGIM Investments Wins 2024 LSEG Lipper Group Award for Mixed AssetsPGIM 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240314356573/en/ 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*:
Learn more about PGIM Investments' funds.
ABOUT PGIM INVESTMENTS
ABOUT PGIM
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 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.
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.
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.
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.
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. 1078396-00001-00
View source version on businesswire.com: https://www.businesswire.com/news/home/20240314356573/en/ |