0000067590-18-001492.txt : 20180926 0000067590-18-001492.hdr.sgml : 20180926 20180926153606 ACCESSION NUMBER: 0000067590-18-001492 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180926 DATE AS OF CHANGE: 20180926 EFFECTIVENESS DATE: 20180926 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: 181087864 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 PGIM 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 R6 PCGQX 497 1 incomebuilder497.htm

PRUDENTIAL INVESTMENT PORTFOLIOS 16
PGIM Income Builder Fund

 

 

Supplement dated September 26, 2018

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

 

 

Ted Lockwood currently serves as a portfolio manager for each of the Funds. In February 2018, Mr. Lockwood announced his intention to retire from Quantitative Management Associates LLC (QMA) during the third quarter of 2018, and his retirement is effective as of September 28, 2018. To reflect Mr. Lockwood’s retirement, all references and information pertaining to Mr. Lockwood are hereby deleted.

 

Edward Campbell, MBA, CFA, Rory Cummings, MBA, CFA and Peter Vaiciunas, MBA, CFA will continue to serve as portfolio managers for the segment of the Fund managed by Quantitative Management Associates LLC (QMA).

 

To reflect this change, the Fund’s Prospectus and SAI are hereby revised as follows:

 

I.All references and information pertaining to Ted Lockwood with respect to the Fund are hereby removed.

 

 

 

 

 

 

 

 

LR1101