1. Pensions & Investments: Largest Money Managers list, May 2016, data as of 12/31/2015.
2. PGIM data, as of 12/31/16.
3. Simfund, as of 12/31/16 among top 50 competitors between 2008 and 4Q2016, excludes ETFs and money market funds.
4. 28 out of 35 funds. Ranking based on Class Z share funds with 10-year history. Rankings for Class Z share funds that rank top 50% or better within their respective Morningstar Categories over the trailing 1-, 3-, & 5-year periods are 31/56 funds, 29/48 funds, and 25/42 funds, respectively. Source: Morningstar as of 3/31/17.
5. 9 out of 10 fixed income funds. Ranking based on Class Z share fixed income funds with 10-year history. Rankings for Class Z share fixed income funds that rank top 50% or better within their respective Morningstar Categories over the trailing 1-, 3-,
& 5-year periods are 12/18 funds, 14/15 funds, and 11/13 funds, respectively. Source: Morningstar as of 3/31/17.
6. P&I/Towers Watson Top 300 Pension Funds ranking as of 12/31/16, published 9/30/16.
7. Based on U.S. Plan Sponsor rankings in Pensions & Investments as of 12/31/16.
Morningstar rankings are based on total return, do not include the effects of sales charges, and are calculated against all funds in each fund's respective Morningstar category. Past performance does not guarantee future results. Performance by share class may vary.
Star ratings shown are for Class Z shares, which are available to individual investors through certain retirement and wrap fee programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. In addition to the ones shown above, other classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses will generally lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.
The risks associated with investing in these funds include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; high yield (“junk”) bonds, which are subject to greater market risks; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks. Sector funds and Specialty funds may not be suitable for all investors. Such funds are non-diversified, so a loss resulting from a particular security will have greater impact on the Fund's return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. The risks associated with each fund are explained more fully in each fund's respective prospectus. There is no guarantee a fund's objectives will be achieved.
Some Morningstar Ratings may not be customarily based on adjusted historical returns. If so, an investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints 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.
For the overall, 3-, 5- and 10-year periods, respectively, as of 3/31/17: Prudential Balanced Fund was rated 5 stars out of 721 funds, 5 stars out of 721 funds, and 5 stars out of 616 funds, and 4 out of 424 funds, respectively; Prudential High Yield Fund was rated 5 stars out of 596 funds, 5 stars out of 596 funds, 4 stars out of 471 funds, and 5 stars out of 318 funds, respectively; Prudential Short-Term Corporate Bond Fund, Inc. was rated 5 stars out of 444 funds, 4 stars out of 444 funds, 4 stars out of 359 funds, and 5 stars out of 257 funds, respectively; Prudential Total Return Bond Fund was rated 5 stars out of 851 funds, 5 stars out of 851 funds, 5 stars out of 750 funds, and 5 stars out of 538 funds, respectively; Prudential California Municipal Income Fund was rated 5 stars out of 69 funds, 5 stars out of 69 funds, 5 stars out of 65 funds, and 5 stars out of 52 funds, respectively; Prudential National Muni Fund was rated 5 stars out of 256 funds, 5 stars out of 256 funds, 5 stars out of 224 funds, and 5 stars out of 150 funds, respectively; Prudential QMA Small-Cap Value Fund was rated 5 stars out of 353 funds, 5 stars out of 353 funds, 4 stars out of 309 funds, and 5 stars out of 199 funds, respectively; Prudential Short Duration Multi-Sector Bond Fund was rated 5 stars out of 444 funds, and 5 stars out of 444 funds, respectively.
© 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.
In the Lipper Fund Awards, funds had to be registered for sale in the respective country as of the end of 2015 and 2016 and the fund had to have at least 36 months of performance history as of the end of the evaluation year. S&P 500 Index funds, specialty diversified equity funds and specialty/miscellaneous funds were not eligible to receive classification awards. Rankings do not take sales charges into account. Past performance is no guarantee of future results.
The Lipper Fund Awards are based on risk-adjusted returns for the three-, five-, and 10-year periods ending 11/30/2015 and 11/30/2016 using Lipper's proprietary, quantitative fund rating methodology.
The Lipper Fund Awards are based on risk-adjusted returns for the three-, five-, and 10-year periods ending 11/30/2016 using Lipper's proprietary, quantitative fund rating methodology. Prudential Jennison Utility Fund- #1 Utility Fund (Class Z) out of 47 funds for the 5-year period ended 11/30/2016. Rankings for the 3- and 10-year periods were 16 out of 49 and 16 out of 44 funds, respectively. Prudential Global Total Return - #1 Global Income Fund (Class Z) out of 76 funds for the 10-year period ended 11/30/2015. Rankings for the 3- and 5-year periods were 72 out of 182 and 28 out of 130 funds, respectively.
From Thomson Reuters Lipper Awards, © 2017 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.
Awarded to the MLP mutual fund that generated the highest total return in 2016. MLP mutual fund is defined as a mutual fund whose principal investment objective is to invest the majority of fund assets in MLPs, and by definition, making a corporate tax election. Total return is calculated using the fund’s Class A shares, adding any dividends paid during the year to the price return. As a viability threshold, the fund must have at least $100 million in assets. Leveraged versions of other mutual funds are not eligible. There are a total of 17 MLP mutual funds in the peer group, one of which was ineligible for utilizing leverage.
Alerian and its affiliates do not endorse, manage, promote, sell, or sponsor any company, investment fund or other vehicle nominated, selected as a finalist, or selected as a winner for the Alerian MLP Awards, or Ammys. Alerian is not an investment advisor, and Alerian and its affiliates make no representations regarding the advisability of investing in any company, investment fund or other vehicle nominated, selected as a finalist, or selected as a winner for the Ammys.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus Opens in a new window and the summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and the summary prospectus. Read them carefully before investing.
An investment in our money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your clients investment at $1.00 per share, it is possible to lose money by investing in the funds.
Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Your clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.
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. Please consult with a qualified investment professional if you wish to obtain investment advice.
Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company, member SIPC. Jennison Associates and PGIM, Inc. (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. © 2017 Prudential Financial, Inc. and its related entities. 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Investment Products: Are not insured by the FDIC or any other federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
0303656-00002-00 Ed. 04/2017