PGIM Income Builder Fund (PDCZX)
$
)
Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.
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 PGIM Quantitative Solutions: PGIM Quantitative Solutions experienced team of managers and analysts have been overseeing asset allocation strategies for major corporations, foundations and pension funds worldwide. As of 6/30/2025, PGIM Quantitative Solutions manages approximately $109 billion overall AUM, with $59 billion in global multi-asset solutions. Their asset allocation team consists of 22 professionals averaging 22 years of investment experience.
FUND INFORMATION
Fund StatisticS
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 10.00 |
| Duration (years) | 7.20 |
| Standard Deviation (3 year) | 9.89 |
Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.
Risks of investing in the fund include but are not limited to the following: Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. High yield ("junk") bonds are subject to greater credit and market risks. As a "fund of funds", the fund is subject to the performance and risks of the underlying funds and their investments. The Fund's manager serves as the manager of the underlying affiliated funds, and a conflict of interest could affect how the manager and subadvisors fulfill their fiduciary duties to the Fund and the underlying funds. Foreign securities are subject to currency fluctuations and political uncertainty. Small- and mid-cap investments may be subject to more erratic market movements than large-cap stocks. Master limited partnerships are subject to complex accounting, tax and valuation issues. Investments are subject to limited control, voting rights, and liquidity, as well as risks related to potential conflicts of interest, dilution and cash flow. The general partner may force sales at undesirable times or prices. Investing in real estate poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest rate fluctuations. Real estate companies and real estate investment trusts (REITS) may be leveraged, which increases risk. REIT performance depends on the strength of the real estate markets, REIT management and property management which can be affected by many factors, including national and regional economic conditions. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
| TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| Class | Ticker | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
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.
See Daily Returns for the PGIM Short Duration High Yield Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Short Duration High Yield Income Fund.
See Daily Returns for the PGIM Short Duration High Yield Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Short Duration High Yield Income Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 1.82 | 0.95 | 02/28/2026 | 4.50 |
| C | 2.54 | 1.70 | 02/28/2026 | 1.00 |
| R | 3.28 | 1.20 | 02/28/2026 | — |
| R6 | 1.63 | 0.70 | 02/28/2026 | — |
| Z | 1.51 | 0.70 | 02/28/2026 | — |
*This date represents the contractual reduction date through which the net expense ratio is in effect.
The Fund's performance prior to September 23, 2014 is not attributable to the Fund's current subadvisors or to its current investment strategies. Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.
Morningstar Global Moderate Allocation Category Average: Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%. Funds in this global category are generally expected to have no more than 75% of their assets in US securities.
Morningstar Moderate Allocation Category Average: Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%.
S&P 500 Index is an unmanaged index of 500 stocks of large U.S. companies. It gives a broad look at how U.S. stock prices have performed.
Bloomberg U.S. Aggregate Bond Index covers the USD-denominated, investment-grade, fixed-rate or step up, taxable bond market of SEC-registered securities and includes bonds from Treasury, Government- Related, Corporate, MBS (agency fixed-rate & hybrid ARM passthroughs), ABS, & CMBS sectors. Securities included in the index must have at least 1 year until final maturity & be rated investment-grade (Baa3/ BBB-/BBB-) or better using middle rating of Moody’s, S&P, & Fitch.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
The S&P Indices are products of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PGIM Investments. Copyright ©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Prices
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 10.20 |
-0.01
|
-0.10 | 10.68 | 137,375,008.31 |
| C | 9.91 |
-0.01
|
-0.10 | — | 19,782,261.31 |
| R | 10.17 |
-0.02
|
-0.20 | — | 930,709.31 |
| R6 | 10.29 |
-0.02
|
-0.19 | — | 5,822,179.31 |
| Z | 10.30 |
-0.01
|
-0.10 | — | 75,395,235.73 |
NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 10.35 | 11/29/2024 | 9.09 | 04/08/2025 |
| C | 10.08 | 11/29/2024 | 8.84 | 04/08/2025 |
| R | 10.33 | 11/29/2024 | 9.07 | 04/08/2025 |
| R6 | 10.44 | 11/29/2024 | 9.17 | 04/08/2025 |
| Z | 10.44 | 11/29/2024 | 9.18 | 04/08/2025 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
Yields
| Class | SEC 30-Day Subsidized Yield (%) | SEC 30-Day Unsubsidized Yield (%) | Offer Distb. Yield (%) | NAV Distb. Yield (%) | SEC-30 Day Sub Taxable Equivalent Yield (%) |
|---|---|---|---|---|---|
| A - View Prospectus | 3.51 | 2.72 | — | — | — |
| C - View Prospectus | 2.92 | 2.10 | — | — | — |
| R - View Prospectus | 3.43 | 1.54 | — | — | — |
| R6 - View Prospectus | 3.93 | 3.08 | — | — | — |
| Z - View Prospectus | 3.93 | 3.15 | — | — | — |
See Yields of other PGIM Investments Mutual Funds.
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 material must be preceded or accompanied by a current prospectus or summary prospectus. 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.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
Allocations (% of Assets)
|
Allocations
|
% of Assets
|
|---|---|
| Stocks | 26.3% |
| Dividend Paying Stocks | 14.3% |
| International Stocks | 11.9% |
| Emerging Market Stocks | 0.5% |
| Bonds | 46.3% |
| High Yield Bonds | 11.0% |
| Emerging Market Debt (hard currency) | 14.2% |
| Multi-Sector Bond* | 8.5% |
| Short Duration High Yield Bonds | 1.0% |
| Investment Grade Corporate | 11.5% |
| Hybrids | 5.7% |
| Convertible Bonds | 2.1% |
| Preferred REITs | 2.6% |
| Preferred Stocks | 1.0% |
| Alternatives | 20.8% |
| MLPs | 10.5% |
| Global REITs | 10.3% |
| Cash | 0.7% |
Geographic Allocations (% of Assets)
|
Investment Vehicle
|
U.S.
|
Int'l
|
|---|---|---|
| Funds | 61.9% | 36.9 |
| Stocks | 11.7% | 14.5 |
| Dividend Paying Stocks | 11.7% | 2.1 |
| International Stocks | 0.0% | 11.9 |
| Emerging Market Stocks | 0.0% | 0.5 |
| Bonds | 28.8% | 17.0 |
| High Yield Bonds | 9.6% | 1.4 |
| Emerging Market Debt (hard currency) | 0.0% | 13.8 |
| Multi-Sector Bond* | 6.8% | 1.6 |
| Short Duration High Yield Bonds | 0.9% | 0.1 |
| Investment Grade Corporate | 11.5% | 0.0 |
| Hybrids | 5.6% | 0.0 |
| Convertible Bonds | 2.1% | 0.0 |
| Preferred REITs | 2.6% | 0.0 |
| Preferred Stocks | 1.0% | 0.0 |
| Alternatives | 15.1% | 5.3 |
| MLPs | 8.1% | 2.4 |
| Global REITs | 7.0% | 2.9 |
| Cash | 0.7% | 0.0 |
Credit Quality (% of Assets)
|
Credit Quality
|
% of Assets
|
|---|---|
| AAA | 17.2% |
| AA | 19.4% |
| A | 5.3% |
| BBB | 20.4% |
| BB | 19.2% |
| B | 12.0% |
| CCC & Below | 6.3% |
| Cash/Equiv | 0.3% |
Fund Statistics
| Average Maturity (years) | 10.0 |
| Duration (years) | 7.2 |
| Standard Deviation (3 year) | 9.89 |
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 ABS (0.7), Inv Grade Corp (2.6), CMBS (0.5), EM Bond (0.2), High Yield (0.5), US Govt Related (4.4), Other (0.2)
State Street Global Advisers and Invesco are not Prudential Financial companies.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
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.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates is a registered investment advisor. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment advisor. PGIM Fixed Income and PGIM Real Estate are units of PGIM, a registered investment advisor. PGIM DC Solutions is a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, PGIM Fixed Income, PGIM Limited, PGIM Quantitative Solutions, PGIM Real Estate, PGIM DC Solutions 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. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4072323 Ed. 12/2024
|
Security ID# (CUSIP/SEDOL)
|
Security Description
|
Ticker Symbol
|
Coupon Rate
|
Maturity Date
|
Shares/Notional
|
Value ($)
|
% of Portfolio
|
|---|---|---|---|---|---|---|---|
| 743969453 | PGIM Em Mrkt Dbt Hrd Cur-q | PDHQX | 46.08 | 12/01/2099 | 4,761,258.00 | 33,519,253.00 | 14.13 |
| 74441J670 | PGIM Real Estate Income Fund | PRKQX | — | — | 4,148,368.00 | 30,449,017.00 | 12.84 |
| 743969578 | PGIM Quant Solutions International Equit | PJRQX | — | — | 3,095,555.00 | 28,324,325.00 | 11.94 |
| 74440E888 | PGIM Core Conserv Bnd-q | PQCNX | 35.61 | 12/01/2099 | 3,161,100.00 | 27,153,844.00 | 11.45 |
| 74440G859 | PGIM Jennison Energy Infrastructure Fund | PRPQX | — | — | 3,844,699.00 | 24,990,543.00 | 10.53 |
| 69344A206 | PGIM Active High Yield Bond Etf | PHYL | — | — | 660,204.00 | 23,410,833.00 | 9.87 |
| 69344A701 | PGIM Active Aggregate Bond Etf | PAB | — | — | 477,699.00 | 20,182,782.00 | 8.51 |
| 78464A359 | SPDR Bloomberg Convertible Securities Et | CWB | — | — | 57,601.00 | 4,891,476.00 | 2.06 |
| 464288513 | Ishares Iboxx $ High Yield Corporate Bon | HYG | — | — | 34,264.00 | 2,754,140.00 | 1.16 |
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 4.51 | 12/01/2099 | 2,725,236.00 | 2,725,236.00 | 1.15 |
| 46138E511 | Invesco Preferred Etf | PGX | — | — | 213,894.00 | 2,423,419.00 | 1.02 |
| 46434V407 | Ishares 0-5 Year High Yield Corporate Bo | SHYG | — | — | 55,184.00 | 2,375,119.00 | 1.00 |
| B058TZ6 | Safran Sa | SAF | — | — | 4,234.00 | 1,396,167.00 | 0.59 |
| 74440E706 | PGIM Quant Solutions Emerging Markets Eq | PQEMX | — | — | 84,600.00 | 1,170,012.00 | 0.49 |
| 11135F101 | Broadcom Inc | AVGO | — | — | 3,952.00 | 1,160,702.00 | 0.49 |
| 459200101 | International Business Machines Corp | IBM | — | — | 4,115.00 | 1,041,712.00 | 0.44 |
| 5334588 | Rheinmetall Ag | RHM | — | — | 528 | 1,045,175.00 | 0.44 |
| 92840M102 | Vistra Corp | VST | — | — | 5,005.00 | 1,043,742.00 | 0.44 |
| 29364G103 | Entergy Corp | ETR | — | — | 11,334.00 | 1,024,933.00 | 0.43 |
| BMTVQK9 | Siemens Energy Ag | ENR | — | — | 8,595.00 | 995,118.00 | 0.42 |
| 931142103 | Walmart Inc | WMT | — | — | 9,878.00 | 967,846.00 | 0.41 |
| 67103H107 | O'reilly Automotive Inc | ORLY | — | — | 9,879.00 | 971,303.00 | 0.41 |
| 172967424 | Citigroup Inc | C | — | — | 10,361.00 | 970,825.00 | 0.41 |
| 00206R102 | AT&T Inc | T | — | — | 35,566.00 | 974,864.00 | 0.41 |
| 031162100 | Amgen Inc | AMGN | — | — | 3,278.00 | 967,337.00 | 0.41 |
| 00287Y109 | Abbvie Inc | ABBV | — | — | 5,042.00 | 953,038.00 | 0.40 |
| 46625H100 | Jpmorgan Chase & Co | JPM | — | — | 2,969.00 | 879,536.00 | 0.37 |
| 59156R108 | Metlife Inc | MET | — | — | 10,812.00 | 821,171.00 | 0.35 |
| 92826C839 | VISA Inc | V | — | — | 2,399.00 | 828,782.00 | 0.35 |
| 75513E101 | RTX Corp | RTX | — | — | 5,103.00 | 804,079.00 | 0.34 |
| 969457100 | Williams Cos Inc/the | WMB | — | — | 13,516.00 | 810,284.00 | 0.34 |
| 89832Q109 | Truist Financial Corp | TFC | — | — | 17,711.00 | 774,147.00 | 0.33 |
| 037833100 | Apple Inc | AAPL | — | — | 3,586.00 | 744,346.00 | 0.31 |
| 17275R102 | Cisco Systems Inc | CSCO | — | — | 10,815.00 | 736,285.00 | 0.31 |
| 03676B102 | Antero Midstream Corp | AM | — | — | 34,700.00 | 636,745.00 | 0.27 |
| 65339F713 | Nextera Energy Inc | NEE | 6.93 | 09/01/2025 | 15,911.00 | 648,373.00 | 0.27 |
| 046353108 | Astrazeneca Plc | AZN | — | — | 8,541.00 | 624,261.00 | 0.26 |
| 780259305 | Shell Plc | SHEL | — | — | 8,227.00 | 594,071.00 | 0.25 |
| 94106L109 | Waste Management Inc | WM | — | — | 2,509.00 | 574,962.00 | 0.24 |
| 126650100 | CVS Health Corp | CVS | — | — | 8,975.00 | 557,347.00 | 0.23 |
| 101137107 | Boston Scientific Corp | BSX | — | — | 5,168.00 | 542,226.00 | 0.23 |
| 594918104 | Microsoft Corp | MSFT | — | — | 1,012.00 | 539,902.00 | 0.23 |
| 253868103 | Digital Realty Trust Inc | DLR | — | — | 2,925.00 | 516,087.00 | 0.22 |
| 025816109 | American Express Co | AXP | — | — | 1,734.00 | 519,003.00 | 0.22 |
| 165167735 | Expand Energy Corp | EXE | — | — | 4,191.00 | 439,132.00 | 0.19 |
| 65339F119 | Nextera Energy Inc | NEE | 7.23 | 11/01/2027 | 10,076.00 | 445,762.00 | 0.19 |
| 580135101 | Mcdonald's Corp | MCD | — | — | 1,472.00 | 441,703.00 | 0.19 |
| 855244109 | Starbucks Corp | SBUX | — | — | 4,846.00 | 432,069.00 | 0.18 |
| 36828A101 | GE Vernova Inc | GEV | — | — | 610 | 402,776.00 | 0.17 |
| 149123101 | Caterpillar Inc | CAT | — | — | 879 | 385,019.00 | 0.16 |
| 191216100 | Coca-cola Co/the | KO | — | — | 5,385.00 | 365,587.00 | 0.15 |
| 74340W103 | Prologis Inc | PLD | — | — | 3,247.00 | 346,714.00 | 0.15 |
| 701094104 | Parker-hannifin Corp | PH | — | — | 461 | 337,405.00 | 0.14 |
| 744573106 | Public Service Enterprise Group Inc | PEG | — | — | 3,744.00 | 336,173.00 | 0.14 |
| 682680103 | Oneok Inc | OKE | — | — | 3,772.00 | 309,718.00 | 0.13 |
| 02079K305 | Alphabet Inc | GOOGL | — | — | 1,611.00 | 309,150.00 | 0.13 |
| 05534B760 | BCE Inc | BCE | — | — | 11,893.00 | 277,463.00 | 0.12 |
| 92343V104 | Verizon Communications Inc | VZ | — | — | 6,878.00 | 294,103.00 | 0.12 |
| CURRENCY | Currency | — | — | — | 281,007.00 | 281,006.00 | 0.12 |
| 85571B105 | Starwood Property Trust Inc | STWD | — | — | 11,731.00 | 228,285.00 | 0.10 |
| 097023204 | Boeing Co/the | BA | 6.0 | 10/15/2027 | 3,259.00 | 230,411.00 | 0.10 |
| 534187109 | Lincoln National Corp | LNC | — | — | 6,533.00 | 248,972.00 | 0.10 |
| 532457108 | ELI Lilly & Co | LLY | — | — | 287 | 212,400.00 | 0.09 |
| 907818108 | Union Pacific Corp | UNP | — | — | 963 | 213,757.00 | 0.09 |
| 512807306 | LAM Research Corp | LRCX | — | — | 1,957.00 | 185,601.00 | 0.08 |
| 038222105 | Applied Materials Inc | AMAT | — | — | 877 | 157,912.00 | 0.07 |
| 742718109 | Procter & Gamble Co/the | PG | — | — | 1,128.00 | 169,730.00 | 0.07 |
| 500754106 | Kraft Heinz Co/the | KHC | — | — | 5,106.00 | 140,210.00 | 0.06 |
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ABOUT
PGIM Quantitative Solutions, PGIM Fixed Income, Jennison Associates LLC (Jennison), and PGIM Real Estate are the subadvisors for the Fund. PGIM Quantitative Solutions provides asset allocation services to the Fund. The Subadvisors will handle the day-to-day investment management for the portions of the Fund allocated to each of them by PGIM Quantitative Solutions.
The PGIM Income Builder Fund is co-managed by Rory Cummings, CFA, Marco Aiolfi, PhD, and Manoj Rengarajan, CFA, each of whom is a member of PGIM Quantitative Solutions. Since 1975, PGIM Quantitative Solutions targets superior risk-adjusted returns by combining research-driven quantitative processes built on economic and behavioral foundations with judgment from experienced market practitioners.
Rory Cummings, CFA
Principal and Portfolio Manager for PGIM Quantitative Solutions within Global Multi-Asset Team
|PGIM Quantitative Solutions
Rory Cummings, CFA, is a Principal and Portfolio Manager for PGIM Quantitative Solutions working within the Global Multi-Asset Solutions team.
Marco Aiolfi, PhD
Managing Director and Head of PGIM Quantitative Solutions’ Multi-Asset team
|PGIM Quantitative Solutions
Marco Aiolfi, PhD, is a Managing Director and Head of PGIM Quantitative Solutions’ Multi-Asset team.
Manoj Rengarajan, CFA
Principal and Portfolio Manager for PGIM Quantitative Solutions within the Multi-Asset Team
|PGIM Quantitative Solutions
Manoj Rengarajan, CFA, is a Principal and Portfolio Manager for PGIM Quantitative Solutions, working within the Multi-Asset team.
Average Maturity is the average time to maturity for a bond. 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. 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: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.
© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (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.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
Class R shares are closed to new investors. Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.
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.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates is a registered investment advisor. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment advisor. PGIM Fixed Income and PGIM Real Estate are units of PGIM, a registered investment advisor. PGIM DC Solutions is a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, PGIM Fixed Income, PGIM Limited, PGIM Quantitative Solutions, PGIM Real Estate, PGIM DC Solutions 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. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4749048 Ed. 08/2025
Fund Literature
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