PGIM Fixed Income Revenue and Competitors

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has portfolio management and research teams in Newark, New Jersey, London, Tokyo and Singapore. As of September 30, 2020, the firm has $946 billion of assets under management including $365 billion in institutional assets, $159 billion in retail assets, and $327 billion in proprietary assets. More than 500 institutional asset owners have entrusted PGIM Fixed Income with their assets. At PGIM Fixed Income, we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk management is central to our approach. PGIM Fixed Income is a United States business operating as a unit within PGIM, Inc. (formerly known as Prudential Investment Management, Inc.) (“PGIM”). PGIM is the largest investment adviser within Prudential Financial, Inc. (“PFI”). As of September 30, 2020, PGIM had $1.4 trillion in assets under management across their real estate, equity, public fixed income, and private fixed income businesses and is ranked in the top 10 largest asset managers worldwide.1 Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 1 PGIM is the investment management business of Prudential Financial, Inc. (PFI); PFI is the 10th largest investment manager (out of 527 firms surveyed) in terms of global assets under management based on Pensions & Investments’ Top Money Managers list. For Professional and Institutional Investor Use Only. Your capital is at risk and the value of investments can go down as well as up. Disclaimer: PGIM.com/Disclaimer For general inquiries: FixedIncomeRequests@pgim.com