Skip to main content
Jennison Associates logoJennison Associates logo
  • About Us
    • Leadership
    • Careers
  • Equity

    • Large Cap Growth
    • Global
    • International
    • Emerging Markets
    • Mid Cap Growth
    • Small Cap Core

    Equity

    • SMid Cap Core
    • Large Cap Value
    • Global Equity Income
    • Rising Dividend

    Thematic Equity

    • Health Sciences
    • Utility Equity
    • Global Infrastructure
    • Global Natural Resources
    • Energy Infrastructure
    • Financial Services

    Thematic Equity

    • Technology Equity
    • Global Healthcare
  • Fixed Income
    • Active Intermediate Government/Credit
    • Active Long Credit
    • Active Long Government/Credit
    • Core
    • Short Duration Credit
  • Sustainability Overview
    • Integration
    • Proxy Voting
    • Stewardship
    • Corporate Citizenship
    • Document Center
  • Perspectives
  • Contact Us
Emerging Markets Banner
Fixed Income

Active Intermediate Government/Credit Fixed Income

Active Intermediate Government/Credit Fixed Income

Disciplined approach to fundamental research and bottom-up security selection

  • Factsheet

Overview

  • Team of seasoned portfolio managers (25 years of experience on average) who have worked together through multiple market cycles
  • Seek differentiated return stream with numerous alpha sources, including sector and security selection coupled with active yield curve management
  • Focused on managing downside volatility versus the benchmark
  • Ability to work collaboratively with clients to create extremely customized solutions

Characteristics & Performance

Inception Date

2/28/1993

Strategy AUM

$1.9 Billion as of March 31, 2025

Available vehicles

Institutional Separate Account

Stable Value Assets

Manage over $10.7B in stable value assets that fall under Intermediate and Core strategies as of  March 31, 2025

Investment Team

Our investors are experienced professionals with demonstrated expertise across the investment grade market. All of our portfolios are managed on a team basis with consistent positioning deployed across strategies. The portfolio managers lead every aspect of the investment process – perform their own credit research, manage portfolio construction, and approve trade levels. Portfolio managers are also the main contacts for clients, and we strive to develop deep, collaborative relationships.

Jake Gaul
Jake Gaul, CFA
Managing Director

Head of Fixed Income

Learn More
Morse, David
David R. Morse, CFA
Managing Director

Portfolio Manager

Learn More
Staudt, Eric
Eric Staudt, CFA
Managing Director

Portfolio Manager

Learn More
Glekel, Natalia
Natalia Glekel, CFA
Managing Director

Portfolio Manager

Learn More
Sullivan, Griffin
Griffin Sullivan, CFA
Managing Director

Portfolio Manager

Learn More
Zussman, Miriam
Miriam Zussman
Managing Director

Portfolio Manager

Learn More

FIXED INCOME

ACTIVE INTERMEDIATE GOVERNMENT/CREDIT
Disciplined approach to fundamental research and bottom-up security selection
Factsheet

Related Insights

Investment Grade Market Update
Podcast

Investment Grade Market Update

By Jake Gaul, CFA — Jul 12, 2023

Jake Gaul, CIO of Jennison Fixed Income, discusses the investment grade market on InsuranceAUM's podcast with Stewart Foley.

Navigating the Investment Grade Bond Market
Interview

Navigating the Investment Grade Bond Market

By Jake Gaul, CFA — Jul 11, 2023

Jennison’s fixed income team discusses their differentiated investment approach and philosophy.

Navigating Securitized Products in the Investment Grade Bond Market
Interview

Navigating Securitized Products in the Investment Grade Bond Market

By Dmitri Rabin, CFA — Jul 11, 2023

Jennison’s fixed income team discusses their approach to the securitized credit market.

Performance results are calculated in US dollars and reflect reinvestment of income and other earnings. Please visit https://www.jennison.com/gips-active-intermediate-governmentcredit-composite for the composite presentation which includes fee information and criteria for composite performance creation.

  • About Us

    • About Jennison
    • Firm Profile
    • Careers
    • Contact Us - Form
  • Other Resources

    • Form CRS
Jennison Associates logo
  • Terms & Conditions
  • PGIM Privacy Center
  • Accessibility Help
  • Cookie Preference Center

Jennison Associates LLC. All Rights Reserved.

This website is intended for Institutional and Professional Investors only. All investments involve risk, including the possible loss of capital.

Important Disclosures

Jennison Associates is a registered investment advisor under the U.S. Investment Advisers Act of 1940, as amended, and a Prudential Financial, Inc. (“PFI”) company. Registration as a registered investment adviser does not imply a certain level of skill or training.  Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Additionally, vehicles may not be registered or available for investment in all jurisdictions. 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. 

Please visit https://www.jennison.com/important-disclosuresopens in a new window for important information, including information on non-US jurisdictions 

This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services. It does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax or accounting advice. This is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.

The views expressed herein are those of Jennison investment professionals at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice and should not be considered investment advice.

Certain third party information in this material has been obtained from sources that Jennison believes to be reliable as of the date presented; however, Jennison cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. Jennison has no obligation to update any or all such third party information.

Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.

Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors.

There is no guarantee our objectives will be met. All investments contain risk, including possible loss of principal. The strategy may vary significantly from the benchmark in several ways including, but not limited to, sector and issuer weightings, portfolio characteristics, and security types.

Information for persons in the United Kingdom and various European Economic Area jurisdictions
In the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information may be issued by PGIM Netherlands B.V., PGIM Limited or PGIM Luxembourg S.A. depending on the jurisdiction. PGIM Netherlands B.V., with registered office at Eduard van Beinumstraat 6 1077CZ, Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. Jennison Associates LLC, PGIM Limited & PGIM Netherlands B.V. are wholly owned subsidiaries of PGIM, Inc. the principal investment management business of Prudential Financial, Inc. (‘PFI’).  PFI 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. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons who are professional clients as defined  under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).

Links to third-party sites are intended for informational purposes only and should not be considered investment advice or recommendation to invest. These links do not constitute endorsement or confirm their accuracy, and we are not responsible for any third-party guidelines, security, or accuracy of information.

Jennison Associates logo
Jennison Associates logo

You are viewing this page in preview mode.

Edit Page