Prudential Income Builder Fund 

Seeks income and long-term capital growth by investing in a dynamically managed diversified portfolio of income oriented securities.
  • A Diversified Income Solution: The Fund provides a diversified approach with a goal of obtaining higher income by investing in multiple asset classes (stocks, bonds, hybrids, and alternative income securities).
  • Tactically allocates among income asset classes to help balance the yield/risk trade-off: The Fund adjusts its allocations as market conditions change in order to help provide a balance of yield, return, and risk. 
  • Fund’s tactical asset allocation decisions led by QMA: QMA’s experienced teams of managers and analysts have been overseeing asset allocation strategies for major corporations, foundations and pension funds worldwide. As of 3/31/2017, QMA manages approximately $121 billion overall AUM, with $72 billion in Asset Allocation strategies. Their asset allocation team consists of 13 professionals averaging 20 years of investment experience.
 
 


Morningstar Ratings as of 6/30/2017

         4 stars
Class A , Q , R and Z Shares    

Morningstar Overall RatingTM out of 249 Tactical Allocation 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 6/30/2017

Allocations (% of Assets)
Stocks
19.0 %
Dividend Paying Stocks
19.0
Bonds
42.9
High Yield Bonds
22.9
Emerging Markets Debt (Hard Currency)
14.0
Short Duration High Yield Bonds
3.0
Absolute Return Bond
2.0
Multi-Sector Bonds
1.0
Hybrids
14.1
Convertible Bonds
9.0
Preferred Stocks
3.0
Preferred REITs
2.1
Alternatives
23.3
MLPs
14.7
Global REITs
8.6
Cash/Equiv
0.6
Geographic Allocations (% of Assets)
Investment VehicleU.S.Int'l
Fund
75.3 % 24.6 %
Stocks
17.71.3
Dividend Paying Stocks
17.71.3
Bonds
24.718.2
High Yield Bonds
19.63.3
Short Duration High Yield Bonds
2.40.6
Absolute Return Bond
1.70.3
Multi-Sector Bonds
0.80.2
Emerging Markets Debt (Hard Currency)
0.213.8
Hybrids
13.60.5
Convertible Bonds
9.00.0
Preferred Stocks
2.50.5
Preferred REITs
2.10.0
Alternatives
18.74.6
MLPs
14.00.7
Global REITs
4.73.9
Cash/Equiv
0.60.0

 
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. Negative holdings reflect outstanding trades at period end.

*Multi-Sector Bonds consists of Inv Grade Corp (0.3), ABS (0.3), High Yield (0.1), CMBS (0.1), US Govt Related (0.1), EM Bond (0.0), Other (0.1)

1SPDR Barclays Convertible Securities ETF. 2Powershares Preferred ETFs.

State Street Global Advisers and Invesco are not Prudential Financial companies.


Morningstar Ratings as of 6/30/2017

ClassOverall 3-Year5-Year10-Year
A4 stars
out of 249 funds
3 stars
out of 249 funds
3 stars
out of 176 funds
4 stars
out of 66 funds
B3 stars
out of 249 funds
3 stars
out of 249 funds
3 stars
out of 176 funds
3 stars
out of 66 funds
C3 stars
out of 249 funds
3 stars
out of 249 funds
3 stars
out of 176 funds
3 stars
out of 66 funds
Q4 stars
out of 249 funds
4 stars
out of 249 funds
4 stars
out of 176 funds
4 stars
out of 66 funds
R4 stars
out of 249 funds
3 stars
out of 249 funds
3 stars
out of 176 funds
4 stars
out of 66 funds
Z4 stars
out of 249 funds
4 stars
out of 249 funds
4 stars
out of 176 funds
4 stars
out of 66 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
A052574442X108PCGAX
B052674442X207PBCFX
C036674442X306PCCFX
Q117674442X769PCGQX
R152774442X405PCLRX
Z045574442X504PDCZX
 

 
Fund Statistics
Average Maturity (years)
7.5
Duration (years)
4.9
Standard Deviation (3 year)
6.23

 


Prospectus & Shareholder Reports


 
 
The Fund may invest in 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; foreign securities, which are subject to currency fluctuation and political uncertainty; leveraging, 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 protect against 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 Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating of the three rating agencies (Moody's, S&P, and Fitch). Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. 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 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, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

These materials are for informational or educational purposes only. The information is not intended as investment advice and is not a recommendation about managing or investing assets. In providing these materials PGIM Investments is not acting as your fiduciary as defined by the Department of Labor.

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.


0235920-00049-00    Ed. 6/2017