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Products August 17, 2009
JennisonDryden Adds Bond Fund to Asset Allocation Funds
August 17, 2009 (PLANSPONSOR.com) - JennisonDryden,
the proprietary mutual fund family of Prudential Financial,
Inc., has added the Dryden Total Return Bond Fund (PDBAX) to
the fixed-income allocation of its full line-up of asset
allocation funds.
Reported by Rebecca Moore
According to a press release, Dryden Total Return Bond Fund offers investors access to a well-diversified, risk-managed portfolio of bonds. The fund features a multi-sector approach that seeks above-average returns with below-average volatility.
Managed by Prudential Fixed Income Management, the Dryden Total Return Bond Fund invests in more than 300 securities across multiple fixed-income sectors and a wide range of credit qualities and maturities, the announcement said.
JennisonDryden Asset Allocation Funds offer growth, moderate, and conservative allocation models.
More information is at http://www.jennisondryden.com .