| Class |
A
|
B
|
C
|
R
|
Z
|
A
|
B
|
C
|
R
|
Z
|
|
| Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
18.45 |
17.96 |
17.98 |
18.18 |
18.64 |
12.62 |
| 1-Year |
17.55 |
17.59 |
21.51 |
22.74 |
23.35 |
23.09 |
22.59 |
22.51 |
22.74 |
23.35 |
17.30 |
| 3-Year |
5.07 |
5.27 |
6.15 |
N/A |
6.95 |
6.70 |
6.17 |
6.15 |
N/A |
6.95 |
4.73 |
| 5-Year |
4.35 |
4.49 |
4.80 |
N/A |
5.55 |
5.31 |
4.66 |
4.80 |
N/A |
5.55 |
3.91 |
| 10-Year |
5.50 |
5.32 |
5.48 |
N/A |
6.24 |
5.99 |
5.32 |
5.48 |
N/A |
6.24 |
5.45 |
| Since Incpt. |
6.17 |
5.85 |
5.96 |
6.91 |
6.10 |
6.50 |
5.85 |
5.96 |
6.91 |
6.10 |
6.12 |
Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.
Inception: Class A, B, and C, 1/10/1995; Class R, 1/11/2008; Class Z, 9/16/1996.
Objective: Total return through a mix of current income and capital appreciation as determined by the Fund's investment advisor. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid monthly, if any. Dividends may be received in cash or reinvested free of charge.
Capital Gains: Paid annually, if any.
The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $481 million
| FNMA 30YR 5.500% |
2.8
% |
| FNMA 30YR 6.000% |
2.5 |
| GNMA 30YR 6.500% |
1.5 |
| Bank of America |
1.2 |
| Centurytel |
1.0 |
| RR Donnelley & Sons |
0.9 |
| Russian (Federation of) |
0.9 |
| Dow Chemical |
0.9 |
| FNMA 15YR 5.000% |
0.9 |
| CMAC_98-C2 |
0.8 |
|
Top Ten (of 545)
|
13.4
%
|
| Domestic Corporates |
37.9
% |
| Commercial MBS |
16.3 |
| Mortgages |
13.9 |
| Asset Backed Securities |
8.3 |
| Emerging Markets |
7.3 |
| Foreign Corporates |
5.1 |
| Bank Loans |
2.9 |
| U.S. Treasuries |
0.8 |
| Other |
0.4 |
| Short-Term/Cash |
7.1 |
| U.S. Govt. & Agency |
13.8
% |
| AAA |
18.0 |
| AA |
5.8 |
| A |
12.3 |
| BBB |
26.9 |
| BB |
9.2 |
| B |
4.9 |
| CCC |
1.7 |
| Less than CCC |
0.3 |
| Short-Term/Cash |
7.1 |
| Average Credit Quality |
A |
| Average Maturity (years) |
6.5 |
| Duration (years) |
4.2 |
| Standard Deviation (3 Year) |
5.40 |
*Negative holdings reflect outstanding trades at period end.
All data is unaudited and subject to change.
The Fund may invest in high yield ("junk") bonds (up to 50%), which are subject to greater credit and market risks; foreign securities (up to 45%), which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks; and mortgage-backed securities subject to prepayment risks. The Fund may not be invested in all sectors at a given time. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.
Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Due to data availability, statistics may not be as of the current reporting period.
Source: Prudential Investment Management, Inc. (PIM) and Lipper Inc. PIM is a Prudential Financial company.
|
Prudential Fixed Income Management is the largest public fixed income asset management unit of Prudential Investment Management, Inc. (PIM), a registered investment adviser, and is responsible for Fund management. It is one of the most experienced fixed income managers in the United States, with $213 billion in assets under management (as of June 30, 2009). Institutional assets include both external and proprietary portfolios. Asset class breakdown is based on company estimates. Prudential Fixed Income Management offers a disciplined investment and risk management process, in-depth sector expertise, and one of the most sophisticated research organizations in the industry. Prudential Fixed Income Management or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928.
David Bessey, Steven Kellner, Robert Tipp, Kay Willcox, and Michael J. Collins of Prudential Fixed Income Management are primarily responsible for management of the Dryden Total Return Bond Fund.
|
David Bessey is managing director and senior portfolio manager for all Core Plus Fixed Income strategies at Prudential Fixed Income Management. Mr. Bessey is also head of the Emerging Markets Sector Team, investing in emerging market debt denominated in both US dollars and local currencies. Mr. Bessey has been managing emerging market debt portfolios since 1995. Prior to joining Prudential Financial in 1989, Mr. Bessey was a project manager on various engineering projects in the United States, Asia, and Latin America. Mr. Bessey received a BS in Geological Engineering from Cornell University and an MBA in Finance from the Sloan School at the Massachusetts Institute of Technology (MIT). He began his investment career in 1989.
|
|
Steve Kellner, CFA, is managing director and head of Credit-Related Strategies at Prudential Fixed Income Management, including US Investment Grade Corporate Bonds, High Yield, Emerging Markets, and Bank Loans for all distribution channels. He is also the senior portfolio manager for the Corporate Fixed Income Strategy and a portfolio manager for multi-sector strategies. Previously, Mr. Kellner managed US corporate bonds for Prudential Financial's proprietary fixed income portfolios. He initially joined Prudential Financial in 1986. After completing his MBA in Finance at The Wharton School of the University of Pennsylvania in 1987, Mr. Kellner rejoined the group as a municipal bond analyst. In addition to his MBA, Mr. Kellner received a BCE in Civil Engineering from Villanova University and began his investment career in 1986. He holds the Chartered Financial Analyst (CFA) designation.
|
|
Robert Tipp, CFA, is managing director and chief investment strategist for Prudential Fixed Income Management, responsible for the firm's market outlook as well as yield curve and duration strategies. He is also head of the US Liquidity Sector Team (US government securities, mortgage-backed securities, and fixed-income derivative products), as well as the Money Market Sector, Global Sector, and the Municipal Sector. He is also portfolio manager for Asset-Liability and TIPs strategies, and is co-portfolio manager for the Core Plus Strategy. Previously, Mr. Tipp served as co-head of Prudential Financial's institutional fixed income business. Before joining Prudential Financial in 1991, Mr. Tipp was a director in the Portfolio Strategies Group at the First Boston Corporation, where he developed, marketed, and implemented strategic portfolio products for money managers. Prior to that, Mr. Tipp was a senior staff analyst at the Allstate Research & Planning Center, and managed fixed income and equity derivative strategies at Wells Fargo Investment Advisors. He received a BS in Business Administration with highest honors and an MBA in Finance with honors from the University of California, Berkeley. Mr. Tipp holds the Chartered Financial Analyst (CFA) designation. His investment career began in 1984.
|
|
Kay Willcox is Managing Director and portfolio manager for Prudential Fixed Income Management's Core Fixed Income Strategy, including both intermediate and long duration portfolios. She is also the back-up portfolio manager for the Core Plus Strategy. Previously, Ms. Willcox was a mortgage-backed securities portfolio manager for the US Liquidity Team. She has specialized in mortgage-backed securities since joining Prudential Financial in 1987. Earlier, Ms. Willcox managed a segment of The Prudential Insurance Company of America's proprietary portfolio. She also managed mutual fund fixed income portfolios and handled mortgage-backed security analysis and trading. She began her investment career in 1982 in the futures division of Shearson Lehman Brothers. Ms. Willcox received a BA in Mathematics from the University of Texas and an MBA in Finance from Columbia University.
|
|
Michael J. Collins, CFA, is principal for Prudential Fixed Income Management's High Yield Team, responsible for investment strategy and risk management. Prior to his current role, Mr. Collins was senior investment strategist, covering all fixed income sectors. Previously, Mr. Collins was a credit research analyst. He also developed proprietary quantitative international interest rate and currency valuation models for our global bond unit. Mr. Collins began his career at Prudential Financial in 1986 as a software applications designer. He received a BS in Mathematics and Computer Science from the State University of New York at Binghamton and an MBA in Finance from New York University. Mr. Collins holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Life Management Institute (FLMI). His investment career began in 1993.
|
Dryden Total Return Bond Fund:
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0.00
-0.01
= Gain, 
