PGIM Investments Wins 2024 LSEG Lipper Group Award for Mixed Assets
- None.
- None.
Insights
The recognition of PGIM Investments by the LSEG Lipper Fund Awards signifies the firm's robust performance in the highly competitive asset management industry. The awards, especially the U.S. Group Award for Mixed Assets, highlight PGIM's successful asset allocation strategies and risk management capabilities. The consistency in receiving these awards for 14 consecutive years underscores the firm's enduring investment methodologies and its potential to maintain a competitive edge in the market.
For investors, the accolades may translate into increased confidence in PGIM's fund offerings, potentially attracting new investments and bolstering the firm's assets under management (AUM). This can have a positive impact on the parent company's financial health and stock valuation. However, investors should also consider the cyclical nature of fund performance and the possibility that past results do not guarantee future success.
PGIM Investments' receipt of multiple Lipper Fund Awards can be viewed as a testament to the firm's performance and may influence investor perception. Strong performance in target date, fixed income and real estate funds suggests a diversified portfolio that mitigates risk while maximizing returns. This diversification is particularly important in a volatile market environment.
From a financial analysis perspective, the awards could potentially lead to an uptick in fund inflows, which would enhance revenue streams through management fees. It's crucial to monitor subsequent quarterly reports to gauge any material impact on the firm's financials. Additionally, the awards could serve as a benchmark for comparing PGIM's performance against its peers, which is valuable information for investors assessing the firm's competitive position.
The Lipper Fund Awards are often used as a marketing tool by asset management firms to highlight their investment prowess. For current and prospective clients of PGIM Investments, these awards might serve as an affirmation of their choice in fund manager, potentially influencing their investment decisions. However, it is essential for advisors to caution clients about the limitations of such accolades. While they do reflect past performance, they should not be the sole criterion for investment decisions.
Advisors should conduct a thorough due diligence process, considering a fund's expense ratios, management team, investment process and how the fund fits within a client's broader investment portfolio. It is also important to keep in mind that industry awards may not fully account for future market conditions and economic shifts that could affect fund performance.
Firm also receives four fund awards, recognizing strong performance for target date, fixed income and real estate funds
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
Prudential Financial, Inc. (PFI) of
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
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
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/
Kylie Scott
973-902-2503
kylie.scott@pgim.com
Source: PGIM
FAQ
Which firm received multiple 2024 LSEG Lipper Fund Awards?
What is the U.S. Group Award received by PGIM Investments?
Who is the President and CEO of PGIM Investments?
How many Lipper Awards have PGIM Investments' funds received consecutively?
Which PGIM fund was named best-in-class among Mixed Asset Target 2020 funds?
