Prudential Real Assets Fund

Seeks long-term real returns by investing in master limited partnerships (MLPs), real estate, utilities/infrastructure, commodities, natural resources, fixed income and gold/defensive. The Fund may be suited to those seeking greater diversification and a potential hedge against rising interest rates and inflation.
 
 

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.


Portfolio Attributes as of 10/31/2017

Portfolio Characteristics
Since InceptionFundBenchmark
Net Annualized Returns
1.4 % 0.5 %
Standard Deviation
7.48.4
Sharpe Ratio
0.20.1
Correlation to Stocks
0.60.6
Correlation to Bonds
0.40.3
Fund Allocations
Fixed Income (U.S.TIPS Bonds 26.6%, Pru SDHY Fd 5.0%)
26.1 %
Real Estate (Glb RE)
24.7
Global Infrastructure
13.4
Commodities
15.5
MLPs
5.2
Natural Resources
11.3
Gold/Defensive
3.8
Cash/Equiv
0.0
All data is unaudited and subject to change. Fund Statistics (Holdings U.S. and International % of Equity) do not include cash. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Natural Resources, Utilities/Infrastructure, International Real Estate, and U.S. Real Estate Holdings (% of Category) display holdings of underlying mutual funds. Fund Allocations indicate the percentage that Prudential Real Assets Fund invests within each category. Totals may not sum due to rounding.


 
ClassFund IDCusipTicker
A105074440K819PUDAX
B105174440K793PUDBX
C105274440K785PUDCX
Q112374440K744PUDQX
Z105374440K777PUDZX
 

 
Fund Statistics
Holdings - International (% of Equity)
18.4
Holdings - U.S. (% of Equity)
81.6

 


Prospectus & Shareholder Reports


 
 
The Fund is exposed to the same types of risks as the underlying funds, securities, and financial instruments in which it invests. Risks include: During periods of deflation the Fund may lose value; Emerging markets are subject to greater volatility and price declines; real estate poses risks related to overall and specific economic conditions as well as risks related to individual property, credit, and interest rate fluctuations; commodities and commodity-linked notes may be speculative and more volatile than investments in more traditional equity and debt securities, which may be subject to counterparty risk, volatility risk, and leverage; the Fund may invest in a wholly owned Cayman Subsidiary and changes in the laws of the Cayman Islands could result in the inability of the Fund to effect its desired commodity investment strategy; derivative securities may carry market, credit, and liquidity risks; Treasury Inflation-Protected Securities (TIPS) are inflation-index bonds that may experience greater losses than other fixed income securities with similar durations; fixed-income investments are subject to interest rate risk, credit risk, and illiquidity risk; the U.S. government securities in which the Fund invests 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; the Fund's manager also serves as the manager of the underlying funds, and a conflict of interest could affect how the manager and subadvisors fulfill their fiduciary duties to the Fund and the underlying funds; short sales, which involve costs and risk of potentially unlimited losses; leveraging techniques, which may magnify losses. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. The Fund is deemed a commodity pool and compliance with certain commodity pool regulations may cause the Fund's expenses to increase. The nature to which regulations of commodity pools may affect the fund are uncertain. Infrastructure investing makes the Fund more susceptible to adverse economic, social, and regulatory occurrences affecting this industry. MLPs are subject to complex accounting, tax, and valuation issues as well as risks related to limited control and limited right to vote, potential conflicts of interest, cash flow, dilution, limited liquidity, and risks related to the general partners' right to force sales at undesirable times or prices. Diversification does not assure a profit against loss in declining markets. The risk associated with the Fund are more fully explained in the prospectus and summary prospectus. These risks may increase the Fund's share price volatility. There is no guarantee the Fund's objective will be achieved.

Sharpe Ratio is a risk-adjusted measure using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe Ratio, the better the historical risk-adjusted performance. 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, CoreCommodity Management, LLC and Lipper Inc. All other data from PGIM, Inc. (PGIM). CoreCommodity Management, LLC. is a subadvisor of the fund and not a Prudential 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, 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.


0274285-00013-00    Ed. 7/2017

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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.