0000067590-17-000786.txt : 20170626 0000067590-17-000786.hdr.sgml : 20170626 20170626144353 ACCESSION NUMBER: 0000067590-17-000786 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170626 DATE AS OF CHANGE: 20170626 EFFECTIVENESS DATE: 20170626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS 16 CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 17929598 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026469 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: TARGET ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20010906 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930 0001067442 S000004703 PRUDENTIAL INCOME BUILDER FUND C000012792 Class R PCLRX C000012793 Class A PCGAX C000012794 Class B PBCFX C000012795 Class C PCCFX C000012796 Class Z PDCZX C000176454 Class Q 497K 1 incomebuilder497.htm

THE PRUDENTIAL INVESTMENT PORTFOLIOS 16
Prudential Income Builder Fund

 

Supplement dated June 26, 2017

to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information (SAI)

 

 

 

Effective June 30, 2017, Michael J. Collins, CFA will no longer serve as a portfolio manager responsible for the day-to-day management of the Fund segment managed by PGIM Fixed Income. Robert Cignarella, CFA, Terence Wheat, CFA, Robert Spano, CFA, CPA, Ryan Kelly, CFA, Brian Clapp, CFA and Daniel Thorogood, CFA will continue to serve as portfolio managers for the segment of the Fund managed by PGIM Fixed Income.

 

To reflect this change, the Fund’s Summary Prospectus, Prospectus and SAI are hereby revised as follows, effective June 30, 2017:

 

I.All references and information pertaining to Michael J. Collins, CFA with respect to the Fund are hereby removed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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