From:Registered Rep. and Prudential [registeredrep@pentmailer.com]
Sent:Monday, March 30, 2009 10:07 AM
Subject:Client-Approved Tool: Compelling Fixed Income Opportunities
This message has been sent by Registered Rep. on behalf of
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Help Clients Benefit
From Historically Wide Spreads
The ongoing credit crisis has caused extremely wide
spreads, leading to investment opportunities in corporate and municipal
bonds. This client-approved piece from
JennisonDryden can help you move clients off the sidelines by making the
case for these key sectors.
Corporate Bonds: Wide Spreads, Low
Defaults
Spreads in the investment-grade corporate bond sector have reached all-time
highs, yet defaults have remained low—resulting in attractive yields and
prices, with the potential for total return.
Municipal Bonds: Muni to Treasury
Ratio at Historic Levels
The Muni to Treasury ratio is widely used to measure the value of municipal
bonds. Due to recent volatility, today’s relatively high Muni to Treasury
ratio may offer attractive opportunities for your clients.
Get Started Today!
Contact us to
order complimentary copies of this piece for your clients or to discuss
how the Dryden
Short-Term Corporate Bond Fund and the Dryden Municipal Bond
Fund/High Income Series can complement your clients’
portfolios. Also, ask about our complete library of sales tools and
business-building ideas.
Save the Date: April 7, 2009 at
2 p.m. ET: Conference
Call: The Muni Opportunity*
Join us as
Susan Courtney, head of Prudential Fixed Income Management's Municipal
Bond team, discusses opportunities in today's municipal bond market.
Call the Sales Desk at (800) 257-3893 for details.
* NOTE: Only Registered Reps may sign up, register or join
the conference call
Fixed Income
Solutions from JennisonDryden
Dryden Short-Term Corporate Bond Fund
Class Z shares
Class A shares
Morningstar
Overall RatingTM out of 370 Short-Term Bond funds, as of
2/28/2009.*
Dryden Municipal Bond Fund/ High Income
Series
Class Z shares
Class A shares
Morningstar
Overall RatingTM out of 115 High Yield Muni funds, as of
2/28/2009.*
*Morningstar
measures risk-adjusted returns. The overall rating is a weighted average
based on the Fund's 3-, 5-, and 10-year star rating.¹
80%+ of
portfolio dedicated to short-term corporates—the most of any short-term
bond fund
14 consecutive
years of positive returns;
18 out of 19 years since inception (9/89)†
Attractive
yield: 4.45%
(30-day SEC Yield as of 2/28/09)†
Combines low
duration with high quality bonds
†
Class A shares
Has ranked in
top quartile for 1-, 3-, 5-, and 10-year periods²
Recorded
positive returns in 8 out of the last 11 years†
Unique blended
style combines high quality and low quality municipal bonds
Quarterly SEC Standardized Performance (as of 12/31/08)
Class A
1 Yr.
3 Yrs.
5 Yrs.
10 Yrs.
Life
Incep
Date
Dryden Short-Term Corporate Bond Fund
Total Returns
(w/o Sales Charge)
0.77%
3.56%
2.70%
4.15%
5.72%
9/89
SEC
Standardized Returns
(w/ Sales Charge)
-2.50%
2.43%
2.02%
3.81%
5.54%
9/89
Dryden Municipal Bond Fund/High Income Series
Total Returns
(w/o Sales Charge)
-15.27%
-3.41%
0.32%
1.97%
4.67%
1/90
SEC
Standardized Returns
(w/ Sales Charge)
-18.66%
-4.72%
-0.49%
1.55%
4.45%
1/90
Past performance
does not guarantee future results, and current performance may be lower
or higher than the past performance data quoted. The investment return
and principal value will fluctuate, and shares, when sold, may be worth
more or less than the original cost. For the most recent month-end
performance, visit our website at www.jennisondryden.com
Dryden Short-Term Corporate bond Fund: Maximum sales charges: Class
A,3.25%;Gross operating expenses: Class A, 0.90%; Net operating expenses
apply to:Class A, 0.85% after contractual reduction through 4/30/2009.
Dryden Municipal Bond Fund/High Income Series: Maximum sales charges:
Class A,4.0% Gross operating expenses: Class A, 0.92%Net operating
expenses apply to: Class A, 0.87%; after contractual reduction through
8/31/2009.
1 The Morningstar Rating may not be customarily calculated
based on adjusted historical returns. If so, this investment’s independent
Morningstar Rating metric is compared against the retail mutual fund
universe breakpoints to determine its hypothetical rating for certain time
periods. The Dryden Municipal Bond Fund/High Income Series’s Class A 3-,
5-, and 10-year ratings are 4 stars out of 115 funds, 4 stars out of 107
funds, and 4 stars out of 77 funds, respectively. The DrydenMunicipal Bond
Fund/High Income Series’s Class Z 3-, 5-, and 10-year ratings are 5 stars
out of 115 funds, 5 stars out of 107 funds, and 5 stars out of 77 funds,
respectively. The Dryden Short-Term Corporate Bond Fund’s Class A 3-, 5-,
and 10-year ratings are 3 stars out of 370 funds, 3 stars out of 317 funds,
and 4 stars out of 167 funds, respectively. The Dryden Short-Term Corporate
Bond Fund’s Class Z 3-, 5-, and 10-year ratings are 5 stars out of 370
funds, 4 stars out of 317 funds, and 5 stars out of 167 funds,
respectively. Other share classes may have different performance
characteristics. Past performance does not guarantee future results. For
each fund with at least a 3-year history, Morningstar calculates a
Morningstar rating (based on a Morningstar risk-adjusted return measure
that accounts for variation in a fund’s monthly performance, including the
effects of sales charges), placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of funds in each category
receive 5 stars, the next 22.5% receive 4 stars, and the next 35% receive 3
stars (each share class is rated separately, which may cause slight
variations in the distribution percentages). The overall Morningstar rating
for a fund is derived from a weighted average of the performance figures
associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating
metrics. The Fund was rated against U.S.-domiciled funds.
2 Source: Morningstar, Prudential Investments. Ranking
represents the fund's standing across all funds in the Municipal High Yield
Bond category, 1%=highest; 100=lowest. The fund's A shares ranked 12, 10 ,
10, and 10 out of 145, 115, 107, and 77 funds over the 1-, 3-, 5-, and
10-year time periods, respectively as of 2/28/09. Morningstar rankings
measure total return and do not include the effect of sales charges.
(c) 2009 Morningstar, Inc. All rights reserved. The
information contained herein (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is not
warranted to be accurate, complete, or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising from
any use of this information.
For more information, visit our website JennisonDryden.com or call our Sales Desk at (800) 257-3893,
between 8 a.m. and 6 p.m. Eastern time, Monday through Friday.
Fixed Income investments are subject to interest rate risk
whereby their value will decline as interest rates rise.
Dryden Municipal Bond Fund/High Income Series may invest in
high yield (“junk”) bonds, which are subject to greater credit and market
risks. Dryden Short-Term Corporate Bond Fund may invest in high yield
(“junk”) bonds, which are subject to greater credit and market risks;
mortgage-backed securities, which are subject to prepayment and extension
risks; 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 Funds’ objectives will be achieved.
Consider a fund’s investment objectives, risks, charges and
expenses carefully before investing. The prospectus contains this and other information about
the fund. Read it carefully before investing. Contact the JennisonDryden
Sales Desk at (800) 257-3893 to obtain a copy of the prospectus.
Securities products and services are distributed by
Prudential Investment Management Services LLC, a Prudential Financial
company, and member SIPC. JennisonDryden, Prudential Financial, and the
Rock Prudential logo are registered service marks of The Prudential
Insurance Company of America, Newark, NJ, and its affiliates.
ARE NOT INSURED BY THE FDIC OR
ANY FEDERAL GOVERNMENT AGENCY
MAY LOSE
VALUE
ARE NOT A DEPOSIT OF OR GUARANTEED
BY ANY BANK OR ANY BANK AFFILIATE
FOR FINANCIAL PROFESSIONAL
USE ONLY. NOT FOR USE WITH THE PUBLIC.
(c) 2009 The
Prudential Insurance Company of America,
751 Broad Street, Newark, NJ 07102-3777. All rights reserved. | PRIVACY
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