Prudential Investments launches Prudential Global Tactical Allocation Fund
Prudential Investments(R) has launched the Prudential Global Tactical Allocation Fund (NASDAQ:PTALX) , a fund that offers the potential for long-term risk-adjusted total return through targeted long and short exposures to diverse sources of return across global equities, global bonds, commodities, and currencies markets. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE:PRU) .
The fund targets volatility of approximately 10% over a full market cycle, which is approximately two-thirds of the volatility of the S&P 500 Index over the past 15 years. The fund is designed to appeal to investors interested in an alternative strategy that may enhance their portfolio’s diversification. Investing in a dynamically managed portfolio with the ability to take long and short positions within and across asset classes may result in more stable returns across various market conditions. The fund actively invests in both traditional equity and bonds, as well as alternative asset classes including commodities and currencies-that offer broader investment opportunities and the potential for better risk-adjusted returns than more conventional asset allocation strategies.
The fund is managed by a team from QMA that averages 22 years of investment experience including: Marco Aiolfi, PhD, portfolio manager; John A. Hudock, CFA, portfolio manager; and Yesim Tokat-Acikel, Ph.D, portfolio manager. For more than 30 years, QMA has been a leader in asset allocation and developing innovative investing techniques, having pioneered the use of advanced analytics to enhance the investment decision-making process.
“The fund offers the potential for enhanced risk-adjusted returns, lower drawdown impact and less correlated sources of alpha in an investor’s portfolio,” said Stuart Parker, president of Prudential Investments. “Further, investors benefit from QMA’s stable, experienced and highly credentialed investment team with deep asset allocation experience, across a variety of market conditions.”
The fund is available in the following share classes: A: PTALX, C: PTCLX, Q: PTQLX, Z: PTZLX The benchmark is a blend of equal allocations into the MCSI World Index and the Barclays Global Aggregate Bond Index.
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.
QMA is the primary business name for Quantitative Management Associates LLC.
Founded in 1975, QMA has over $118.2 billion in assets under management as of 3/31/15. QMA has 52 investment professionals averaging 18 years of investment experience, including 19 Ph.Ds across a wide array of disciplines.
Prudential Financial, Inc. (NYSE:PRU) , a financial services leader with over $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.
Mutual fund investing involves risks. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and the investment, when sold, may be worth more or less than the original cost. Derivative securities (including futures, options, and swaps) carry market, credit/counterparty, liquidity, and leverage risks; commodities may be speculative and more volatile, which may subject the Fund to counterparty and volatility risk; investing in a wholly owned Cayman subsidiary and changes in the laws of the Cayman Islands and of the Internal Revenue Service could result in the inability of the Fund to effect its desired commodity investment strategy; short positions involve risk of potentially unlimited losses; and leveraging may magnify losses. There is the possibility that segregation or changes in the amount of required asset segregation involving a large percentage of the Fund’s assets could impede portfolio management or the Fund’s ability to meet redemption requests or other current obligations or that the Fund may be required to dispose of some of its investments at unfavorable prices or times. Currencies are subject to the risk that the value of a particular currency will change in relation to the US dollar or other currencies. Fixed income investments are subject to interest rate, credit, and illiquidity risk; some of the U.S. government securities investments are backed by the full faith and credit of the U.S. government, meaning that payment of interest and principal is guaranteed. The Fund and its Cayman subsidiary are each deemed a commodity pool and compliance with certain commodity pool regulations may cause the Fund’s expenses to increase. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. These risks may increase the Fund’s share price volatility. There is no guarantee the Fund’s objective will be achieved.
Non-U.S. securities may not be as stable as those in the U.S., and adverse changes in the value of non-U.S. currencies can cause losses. Non-U.S. issuer securities may also be less liquid than U.S. stocks and bonds, and investments in emerging market securities are subject to greater volatility and price declines. For tax advice, clients should consult their tax professional regarding their particular situation. Diversification does not guarantee a profit or protect against 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, a Prudential Financial company, member SIPC. Quantitative Management Associates LLC (QMA), is a wholly owned subsidiary of Prudential Investment Management, Inc. (PIM), a Prudential Financial company. (c)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: 0277658-00001-00
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