Tokyo Investor Day
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2016 YTD ASSET PURCHASES
Higher proportion of acquisitions in credit assets compared to existing portfolio
Significant acquisitions in attractive asset classes such as commercial
mortgages and private placements
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These efforts leverage PGIM sourcing capabilities
Fixed Income Acquisitions 2016 YTD: $11.5 billion (1)(2)
JGBs
Inv. Grade Public Fixed Income
I Inv. Grade Private Placements
I Commercial Mortgages
37%
Below Investment Grade
AUD Government & Related
US Treasuries
10%
Private Placements &
Mortgages: 23% of
2016 YTD purchases
13%
4%
4%
9%
UST Yield: 212 bps
23%
As of June 30, 2016 based on U.S. GAAP carrying value and book yield by currency of invested assets.
Converted to USD based on weighted average exchange rates.
2)
Prudential
Tokyo Investor Day 9.15.2016
JGB Yield: 58 bps
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