Products August 17, 2009

JennisonDryden Adds Bond Fund to Asset Allocation Funds

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 lineup of asset allocation funds.

Reported by

Rebecca Moore

JennisonDryden said the 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 fund invests in more than 300 securities across multiple fixed-income sectors and a range of credit qualities and maturities.