| Class |
A
|
B
|
C
|
R
|
Z
|
A
|
B
|
C
|
R
|
Z
|
|
| Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
8.16 |
7.59 |
7.70 |
8.04 |
8.51 |
2.28 |
| 1-Year |
8.56 |
7.94 |
12.22 |
13.51 |
14.11 |
13.67 |
12.94 |
13.22 |
13.51 |
14.11 |
10.36 |
| 3-Year |
4.12 |
4.06 |
5.20 |
5.51 |
6.04 |
5.73 |
4.98 |
5.20 |
5.51 |
6.04 |
5.32 |
| 5-Year |
3.44 |
3.44 |
3.87 |
4.16 |
4.68 |
4.40 |
3.62 |
3.87 |
4.16 |
4.68 |
4.01 |
| 10-Year |
5.06 |
4.83 |
5.03 |
N/A |
5.81 |
5.55 |
4.83 |
5.03 |
N/A |
5.81 |
5.24 |
| Since Incpt. |
6.05 |
6.19 |
5.30 |
4.52 |
5.59 |
6.30 |
6.19 |
5.30 |
4.52 |
5.59 |
6.15 |
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, 1/22/1990; Class B, 4/22/1985; Class C, 8/1/1994; Class R, 5/17/2004; Class Z, 3/1/1996.
Objective: High current return. 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: $708 million
| Treasury Note 2.375% (8/31/14) |
8.7
% |
| FNMA 30YR 6.000% |
7.7 |
| FHLMC Gold 30YR 5.000% |
4.8 |
| FNMA 30YR 5.500% |
4.0 |
| FHLMC Gold 30YR 5.500% |
2.7 |
| Fed. National Mortgage Association |
2.6 |
| FNMA 30YR 6.500% |
2.3 |
| Financing Corporation (FICO) |
2.3 |
| GNMA II 30YR 4.500% |
2.2 |
| FNMA 30YR 5.000% |
2.2 |
|
Top Ten (of 169)
|
39.5
%
|
| Mortgages |
44.7
% |
| U.S. Treasuries |
21.6 |
| U.S. Agencies |
11.4 |
| Commercial MBS |
9.3 |
| Asset Backed Securities |
0.6 |
| Foreign Corporates |
0.3 |
| Domestic Corporates |
0.2 |
| Other |
-0.2 |
| Short-Term/Cash |
12.1 |
| Average Credit Quality |
AAA |
| Average Maturity (years) |
5.7 |
| Duration (years) |
3.6 |
| Standard Deviation (3 Year) |
3.43 |
Negative holdings reflect outstanding trades at period end.
All data is unaudited and subject to change.
The guarantee on U.S. government securities applies only to the underlying securities of the Fund's portfolio, and not to the value of the Fund's shares. Mortgage-backed securities are subject to prepayment risks. The Fund may invest in leveraging, which may magnify losses; and derivative securities, which may carry market , credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.
Standard deviation is a statistical measurement that depicts how widely returns varied over the past three years. The measurement is generally used to understand the range of returns that are most likely for a given fund. When a fund has a high standard deviation, the range of performance may be wider, implying 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.
Robert Tipp, Richard Piccirillo, and Craig Dewling of Prudential Fixed Income Management are primarily responsible for management of the Dryden Government Income Fund.
|
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.
|
|
Richard Piccirillo is principal and portfolio manager for Prudential Fixed Income Management's US Liquidity Team. Mr. Piccirillo has specialized in mortgage-backed securities since joining Prudential Financial in 1993. Mr. Piccirillo also specializes in structured products and is a portfolio manager for one of our multi-sector fixed income accounts. Before joining Prudential Financial, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as an analyst at Smith Barney, assisting in overseeing the fixed income trading desks for the planning and analysis department. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University. His investment career began in 1991.
|
|
Craig Dewling is managing director and head of Prudential Fixed Income Management's US Liquidity Team, which invests in US Treasuries, agencies, mortgages and interest rate derivatives for all distribution channels. He is also a senior portfolio manager for mortgage-backed security portfolios, and Prudential's total return portfolios. He has specialized in mortgage-backed securities since 1991. Earlier, he was a taxable bond generalist for Prudential proprietary accounts, specializing in US Treasuries and agencies. Mr. Dewling joined Prudential Financial in 1987 in the Securities Systems Group. He received a BS in Quantitative Business Analysis from The Pennsylvania State University and an MBA in Finance from Rutgers University. His investment career began in 1990.
|
Dryden Government Income Fund:
0.00
= Gain, 
= Loss, 
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