Prudential Conservative Allocation Fund

Seeks current income and a reasonable level of capital appreciation by investing in a mix of approximately 40% stock funds and 60% bond funds from PGIM Investments. The Fund may be suited to conservative investors seeking income and potential growth in a fully diversified portfolio in a single investment.

 
 

Growth of $10,000

 
 
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. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.


Morningstar Ratings as of 10/31/2017

    4 stars
Class Z Shares    

Morningstar Overall RatingTM out of 382 Allocation--30% to 50% Equity funds.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating.


Portfolio Attributes as of 10/31/2017

Allocation By Fund
Prudential Short Duration Multi-Sector Bond Fund
27.5 %
Prudential Total Return Bond Fund
13.6
Prudential Absolute Return Bond Fund
7.0
Prudential QMA International Equity Fund
6.1
Prudential Government Income Fund
5.9
Prudential QMA Strategic Value Fund
5.5
Prudential Global Real Estate Fund
5.0
Prudential Jennison International Opportunities Fund
4.1
Prudential QMA Large-Cap Core Equity Fund
4.1
Prudential Jennison Small Company Fund
3.8
Prudential QMA Long Short Equity Fund
3.0
Prudential Jennison Growth Fund
2.5
Prudential High Yield Fund
2.0
Prudential Jennison Value Fund
2.0
Prudential Jennison Equity Opportunity Fund
2.0
Prudential Jennison Mid-Cap Growth Fund
1.5
Prudential QMA Small-Cap Value Fund
1.2
Prudential Jennison 20/20 Focus Fund
1.0
Prudential QMA Mid-Cap Value Fund
0.6
Prudential Short-Term Corporate Bond Fund
0.5
Prudential Jennison Natural Resources Fund
0.1
Cash/Equiv
1.0
Allocation by Investment Style (% of Assets)
Stocks
34.5 %
U.S. Small/Mid Cap
10.8
International Equity
10.4
U.S. Large Cap Value
7.5
U.S. Large Cap Growth
5.7
Bonds
56.5
Short-Term Bond
24.1
Interm. Term Bond
21.6
High Yield Bond
10.8
Alternatives
8.0
Global Real Estate
5.0
Long Short
3.0
Cash/Equiv
1.0
All data is unaudited and subject to change. Holdings/allocations may vary. Totals may not sum due to rounding. This is not a recommendation to buy or sell any security listed.


Morningstar Ratings as of 10/31/2017

ClassOverall 3-Year5-Year10-Year
A3 stars
out of 382 funds
3 stars
out of 382 funds
3 stars
out of 340 funds
3 stars
out of 247 funds
B2 stars
out of 382 funds
2 stars
out of 382 funds
2 stars
out of 340 funds
2 stars
out of 247 funds
C2 stars
out of 382 funds
2 stars
out of 382 funds
2 stars
out of 340 funds
2 stars
out of 247 funds
R3 stars
out of 382 funds
3 stars
out of 382 funds
3 stars
out of 340 funds
3 stars
out of 247 funds
Z4 stars
out of 382 funds
3 stars
out of 382 funds
3 stars
out of 340 funds
4 stars
out of 247 funds

Source: Morningstar. The Morningstar Rating may not be calculated based on its share class adjusted historical returns. If so, this investment's independent Morningstar Rating metric uses the fund's oldest share class to determine its hypothetical rating for certain time periods. The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. 2017 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. Past performance does not guarantee future results.

Key Fund Details

 
ClassFund IDCusipTicker
A150974437E750JDUAX
B151074437E743JDABX
C151174437E735JDACX
Q116474437E453JDAQX
R154274437E628JDARX
Z151274437E784JDAZX
 

 
Fund Statistics
Standard Deviation (3 year)
4.41

 


Prospectus & Shareholder Reports


 
 
The Fund is exposed to the same types of risks as the underlying funds in which it invests. These risks include small- and mid-cap stocks, which may be subject to more erratic market movements than large-cap stocks; high yield ("junk") bonds, which are subject to greater credit and market risks; short sales, which involve costs and the risks of potentially unlimited losses; foreign securities, which are subject to currency fluctuation and political uncertainty; leveraging techniques, which may magnify losses; derivative securities, which may carry market, credit, and liquidity risks; and credit, interest rate, and prepayment bond risks. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Diversification does not assure a profit or loss in declining markets. These risks may increase the Fund's share price volatility. There is no guarantee the Fund's objective will be achieved.


Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Due to data availability, statistics may not be as of the current reporting period.

Source: Benchmarks and statistics, Lipper Inc. All other data from PGIM, Inc. (PGIM).

Class Q and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. QMA, Jennison Associates and PGIM are registered investment advisors and Prudential Financial companies. QMA is the primary business name of Quantitative Management Associates LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. QMA, Quantitative Management Associates, Jennison Associates, Jennison, PGIM Real Estate, PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.


Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.


0248803-00015-00    Ed. 11/2017

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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. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Click here to view the most recent Monthly Performance.