(Source: Business Wire)
JennisonDryden has added the Dryden Total Return Bond Fund (PDBAX) to the fixed-income allocation of its full line-up of JennisonDryden Asset Allocation Funds. Dryden Total Return Bond Fund offers investors access to a well-diversified, risk-managed portfolio of bonds. JennisonDryden is the proprietary mutual fund family of Prudential Financial, Inc. (NYSE: PRU).
"Investors are seeking opportunities to manage portfolio volatility and we believe that adding the Dryden Total Return Bond Fund to the fixed income allocation of JennisonDryden Asset Allocation Funds gives them access to the kind of diversified, risk-managed approach that they need, especially in today's uncertain market," said Scott Benjamin, senior vice president and head of marketing and product development for JennisonDryden Mutual Funds and Separate Accounts.
As a core fixed-income holding, Dryden Total Return Bond Fund, which is also available as an individual fund, features a multi-sector approach that seeks above-average returns with below-average volatility. Managed by Prudential Fixed Income Management, it invests in more than 300 securities across multiple fixed-income sectors and a wide range of credit qualities and maturities.
Prudential Fixed Income Management is among the largest fixed income managers in the United States and one of the largest managers of credit-related securities. It maintains large and highly experienced credit research, quantitative modeling, and risk management infrastructures that permit them to add value to client portfolios in all kinds of markets.
JennisonDryden Asset Allocation Funds offer an institutional approach to asset allocation, with broad exposure to equities, fixed-income and specialty asset classes, including natural resources and global real estate securities. The line-up features growth, moderate and conservative allocation models to meet a wide range of investor needs.
To learn more about the Dryden Total Return Bond Fund and JennisonDryden Asset Allocation Funds, along with other JennisonDryden funds, please visit http://www.jennisondryden.com.
JennisonDryden is Prudential Financial's mutual funds and separate account family and features four asset managers --Jennison Associates, Quantitative Management Associates, Prudential Fixed Income Management and Prudential Real Estate Investors. These asset managers also manage money for major corporations, pension plans, and other institutional investors throughout the world.
