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.

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.