- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Vendor Details
PGIM Fixed Income
http://www.pgimfixedincome.com
Summary of Offering
PGIM Fixed Income’s philosophy is that investment portfolios built through the integration of credit research, quantitative analysis, and risk management can achieve consistent excess returns for clients with a high information ratio. This research-based process applies across all of PGIM’s investment strategies, including multi-sector LDI.
Client Restrictions: Yes – asset size and custom requirments may apply; contact provider for more details.
Business Summary (as of 06/30/2021)
| Total LDI clients | 23 |
| Total LDI mandates | 30 |
| Total LDI assets under management (US$) | $24.6B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 12 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 58% |
| Mostly Satisfied (7s and 8s) | 42% |
| Somewhat Satisfied (5s and 6s) | 0% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 9.21 |
| Meets objectives related to risk and return | 9.25 |
| Proactively provides new ideas/solutions and shares knowledge | 8.64 |
| Estimates daily liability | 7.50 |
| Has accessible investment team | 8.83 |
| Provides timely and detailed funded status attribution | 8.28 |
| Provides timely performance reporting | 8.71 |
| Offers daily interest rate hedge ratio estimation | 7.50 |
| Customizes portfolio to specific client needs | 8.82 |
NR = “Not Reported”