Prudential Balanced Fund

Seeks to provide a balance of income and long-term growth of capital by investing in domestic and international stocks, bonds, and money markets. It is actively managed to capitalize on what may be undervalued securities. The Fund provides investors with 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 A , B , C and R Shares    
    5 stars
Class Z Shares    

Morningstar Overall RatingTM out of 686 Allocation--50% to 70% 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

Top Sectors - Equities (% of Equity)
Information Technology
22.9 %
Financials
14.8
Healthcare
14.3
Consumer Discretionary
11.4
Industrials
10.2
Consumer Staples
7.2
Energy
5.7
Materials
3.8
Utilities
3.5
Real Estate
3.2
Telecom. Services
2.4
Other
0.2
Cash/Equiv
0.5
Top Sectors - Fixed Income (% of Fixed Income)
Inv Grade Corp
23.9 %
MBS
23.3
ABS
18.0
Commercial MBS
14.9
U.S. Treasuries
7.9
Emerging Markets
2.9
Foreign Govt Related
2.1
U.S. Municipals
1.8
High Yield
1.0
U.S. Agencies
1.0
Other
0.1
Cash/Equiv
3.3
*Fixed Income Fund Statistics.


The Fund's exposure to various markets is managed using futures contracts as well as security purchases. All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.


Morningstar Ratings as of 10/31/2017

ClassOverall 3-Year5-Year10-Year
A4 stars
out of 686 funds
4 stars
out of 686 funds
4 stars
out of 625 funds
4 stars
out of 438 funds
B4 stars
out of 686 funds
4 stars
out of 686 funds
4 stars
out of 625 funds
3 stars
out of 438 funds
C4 stars
out of 686 funds
4 stars
out of 686 funds
4 stars
out of 625 funds
3 stars
out of 438 funds
R4 stars
out of 686 funds
4 stars
out of 686 funds
4 stars
out of 625 funds
3 stars
out of 438 funds
Z5 stars
out of 686 funds
5 stars
out of 686 funds
5 stars
out of 625 funds
4 stars
out of 438 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
A029674437E883PIBAX
B029774437E875PBFBX
C035674437E867PABCX
Q116374437E461PIBQX
R152374437E636PALRX
Z016074437E859PABFX
 

 
Fund Statistics
Avg Weighted Market Cap ($mil)
129,996.9
P/E (Price/Earnings) Ratio
19.9
Standard Deviation (3 year)
6.17
Turnover Ratio (12-month %)
230
*Average Maturity (years)
8.1
*Duration (years)
5.9
*Holdings - Investment Grade (%)
92.0
*Holdings - Non Investment Grade (%)
1.4

 


Prospectus & Shareholder Reports


 
 
The Fund may not be appropriate for all investors. The Fund may invest in certain sectors, increasing its vulnerability to any single economic, political, or regulatory developments; high yield ("junk") bonds, which are subject to greater credit and market risks; small-and mid-cap stocks, which may be subject to more erratic market movement then large-cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; leveraging techniques, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity 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.

Average weighted market capitalization
is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. 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. Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. Average Maturity is the average time to maturity for a bond. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Holdings - Investment Grade (AAA to BBB range). Holdings - Non Investment Grade (BB and below range).  Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period.

Source: Benchmarks and statistics, Lipper Inc. Source of Sector classification: S&P/MSCI. 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.


0236120-00031-00    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.