0000067590-17-000810.txt : 20170629 0000067590-17-000810.hdr.sgml : 20170629 20170629103517 ACCESSION NUMBER: 0000067590-17-000810 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170629 DATE AS OF CHANGE: 20170629 EFFECTIVENESS DATE: 20170629 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 17937091 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

497 1 incomebuilderpm497.htm

PRUDENTIAL INVESTMENT PORTFOLIOS 16
Prudential Income Builder Fund

(the “Fund”)

Supplement dated June 29, 2017 to the Currently Effective Prospectus and Summary Prospectus

Effective on or about June 30, 2017, Mariusz Banasiak, CFA will join David Bessey, Cathy L. Hepworth, CFA, Robert Cignarella, CFA, Brian Clapp, CFA, Michael J. Collins, CFA, Terence Wheat, CFA, Robert Spano, CFA, Daniel Thorogood, CFA, and Ryan Kelly, CFA as a portfolio manager for the segment of the Fund managed by PGIM Fixed Income. To reflect these changes, the Prospectus is revised as follows:

In the section of the Prospectus entitled “Fund Summary,” the sub-section entitled “Management of the Fund” is revised by adding Mr. Banasiak, as set forth below:

Investment Manager	Subadviser	Portfolio Managers	Title	Service Date
PGIM Investments LLC	PGIM Fixed Income	Mariusz Banasiak, CFA	Principal and Portfolio Manager for PGIM Fixed Income’s Emerging Markets Debt Team	June 2017

In the section of the Prospectus entitled “How the Fund is Managed,” the sub-section entitled “Portfolio Managers” is revised by adding the following professional biography for Mr. Banasiak:

Mariusz Banasiak is a Principal and Portfolio Manager for PGIM Fixed Income’s Emerging Markets Debt Team, responsible for developing emerging markets currency strategy. Mr. Banasiak is also a senior portfolio manager for the Emerging Markets hedge fund product. Prior to assuming his current position, Mr. Banasiak was a Vice President for PGIM Fixed Income’s Emerging Markets Debt Team, responsible for developing portfolio strategies on USD sovereign and local emerging market yield curves and currencies in the Europe, Middle East and Africa (EMEA) region. Previously, Mr. Banasiak was an Analyst for emerging market debt portfolios in the Portfolio Analyst Group of PGIM Fixed Income. Earlier, he was responsible for risk analysis and performance attribution for the firm’s proprietary portfolios. Mr. Banasiak joined PGIM Fixed Income in 2004.

LR952