Prudential Government Income Fund

Seeks high current return by investing at least 80% of its assets in government securities such as U.S. Treasury bills, notes, and other securities issued by the U.S. government, agencies, or instrumentalities. The Fund may be suited to investors seeking greater diversification and monthly income.

 
 

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 236 Intermediate Government 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

Largest Issues (% of Assets)
Treasury Note 2.125% (09/30/2021)
4.5 %
Treasury Note 1.875% (04/30/2022)
3.2
Treasury Note 1.375% (04/30/2021)
3.1
Treasury Note 2.250% (12/31/2023)
3.0
Treasury Note 2.125% (05/15/2025)
2.7
Treasury Bond 4.250% (11/15/2040)
2.3
GNMA2 30YR 3.000% (02/20/2047)
2.1
FNMA 30YR TBA (Reg A) 4.000% (11/13/2017)
1.9
FGOLD 30YR TBA (Reg A) 3.500% (11/13/2017)
1.9
FNMA 30YR 3.500% (06/01/2045)
1.8
Top Ten (of 37) 26.5
Sector Breakdown (% of Assets)
Agency MBS
35.6 %
U.S. Treasuries
35.6
Agency CMBS
15.9
Agency
8.1
ABS
5.0
Other
0.5
Cash/Equiv
-0.7
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Total number of holdings based on issuers. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Negative holdings reflect outstanding trades at period end.


Morningstar Ratings as of 10/31/2017

ClassOverall 3-Year5-Year10-Year
A3 stars
out of 236 funds
3 stars
out of 236 funds
3 stars
out of 226 funds
3 stars
out of 167 funds
B2 stars
out of 236 funds
2 stars
out of 236 funds
2 stars
out of 226 funds
2 stars
out of 167 funds
C2 stars
out of 236 funds
2 stars
out of 236 funds
2 stars
out of 226 funds
2 stars
out of 167 funds
Q2 stars
out of 236 funds
2 stars
out of 236 funds
2 stars
out of 226 funds
2 stars
out of 167 funds
R3 stars
out of 236 funds
2 stars
out of 236 funds
3 stars
out of 226 funds
3 stars
out of 167 funds
Z4 stars
out of 236 funds
4 stars
out of 236 funds
4 stars
out of 226 funds
4 stars
out of 167 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
A008474439V107PGVAX
B007974439V206PBGPX
C031474439V305PRICX
Q115274439V875PGIQX
R152174439V503JDRVX
Z040674439V404PGVZX
 

 
Fund Statistics
Average Maturity (years)
7.5
Duration (years)
5.6
Standard Deviation (3 year)

 


Prospectus & Shareholder Reports


 
 
The Fund may invest in mortgage-related securities, which are subject to prepayment risks; derivative securities, which may carry market, credit, and liquidity risks. The Fund may use leveraging techniques, which may magnify losses. Some, but not all, of the U.S. Government securities and mortgage-related securities in which the Fund will invest are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. 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 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. 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: PGIM, Inc. (PGIM) and Lipper Inc. PGIM is a Prudential Financial company.

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 (PIMS) and member SIPC. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PIMS and PGIM are Prudential Financial companies. 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 your retirement savings. 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.


0248808-00012-00    Ed. 2/2017

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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.