-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VQeIH7CwViyA3BlzycXw/y8/eDkqUzFo1Vy5n6tLQsgpn57MyIZtK1CpQbBNZKrK aTBUWGL9ITQLvL65pbS7CQ== 0000950123-01-001059.txt : 20010212 0000950123-01-001059.hdr.sgml : 20010212 ACCESSION NUMBER: 0000950123-01-001059 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS CENTRAL INDEX KEY: 0001067442 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 333-60561 FILM NUMBER: 1531453 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9733671495 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED SERIES DATE OF NAME CHANGE: 19980803 497 1 y45344e497.txt PRUDENTIAL DIVERSIFIED FUNDS 1 PRUDENTIAL DIVERSIFIED FUNDS PRUDENTIAL DIVERSIFIED CONSERVATIVE GROWTH FUND PRUDENTIAL DIVERSIFIED MODERATE GROWTH FUND PRUDENTIAL DIVERSIFIED HIGH GROWTH FUND Supplement dated February 9, 2001 to the Prospectus dated October 5, 2000 RISK/RETURN SUMMARY 1. On page 4 of the Prospectus, under the heading "Investment Objectives and Principal Strategies -- How Are the Funds Managed? -- Conservative Growth Fund," replace the Fund's asset allocation table with the following: CONSERVATIVE GROWTH FUND
TARGET ALLOCATION OF ASSET PRIMARY INVESTMENT ADVISER FUND'S ASSETS CLASS TYPE/STYLE - -------------------------------------------------------------------------------- Jennison Associates LLC 15% Equities Growth-oriented, focusing (Jennison) on large-cap stocks Jennison 15% Equities Value-oriented, focusing on large-cap stocks Franklin Advisers, Inc. 5% Equities Growth-oriented, focusing (Franklin) on small-cap and mid-cap stocks The Dreyfus Corporation 5% Equities Value-oriented, focusing (Dreyfus) on small-cap and mid-cap stocks Pacific Investment 40% Fixed High-quality debt Management Company Income instruments (PIMCO) The Prudential 20% Fixed High-yield debt, including Investment Corporation Income junk bonds and emerging (PIC) market debt
2. On page 5 of the Prospectus, under the heading "Investment Objectives and Principal Strategies -- How Are the Funds Managed? -- Conservative Growth Fund," replace the first sentence of the second paragraph with the following: The Fund will normally invest approximately 60% of its total assets in DEBT OBLIGATIONS of varying credit quality, including securities issued or guaranteed by the U.S. GOVERNMENT and its agencies and debt obligations issued by U.S. COMPANIES, FOREIGN COMPANIES and FOREIGN GOVERNMENTS and their agencies. 2 RISK/RETURN SUMMARY 3. On page 6 of the Prospectus, under the heading "Investment Objectives and Principal Strategies -- How Are the Funds Managed? -- Moderate Growth Fund," replace the Fund's asset allocation table with the following: MODERATE GROWTH FUND
TARGET ALLOCATION OF ASSET PRIMARY INVESTMENT ADVISER FUND'S ASSETS CLASS TYPE/STYLE - -------------------------------------------------------------------------------- Jennison 20% Equities Growth-oriented, focusing on large-cap stocks Jennison 20% Equities Value-oriented, focusing on large-cap stocks Franklin 7.5% Equities Growth-oriented, focusing on small-cap and mid-cap stocks Dreyfus 7.5% Equities Value-oriented, focusing on small-cap and mid-cap stocks Lazard Asset Management (Lazard) 10% International Stocks of foreign Equities companies PIMCO 20% Fixed High-quality debt Income instruments PIC 15% Fixed High-yield debt, Income including junk bonds and emerging market debt
4. On page 7 of the Prospectus, under the heading "Investment Objectives and Principal Strategies -- How Are the Funds Managed? -- Moderate Growth Fund," replace the first sentence of the first full paragraph with the following: The Fund will normally invest approximately 35% of its total assets in DEBT OBLIGATIONS of varying credit quality, including securities issued or guaranteed by the U.S. GOVERNMENT and its agencies and debt obligations issued by U.S. COMPANIES, FOREIGN COMPANIES and FOREIGN GOVERNMENTS and their agencies. 2 3 RISK/RETURN SUMMARY 5. On page 8 of the Prospectus, under the heading "Investment Objectives and Principal Strategies -- How Are the Funds Managed? -- High Growth Fund," replace the Fund's asset allocation table with the following: HIGH GROWTH FUND
TARGET ALLOCATION OF ASSET PRIMARY INVESTMENT ADVISER FUND'S ASSETS CLASS TYPE/STYLE - -------------------------------------------------------------------------------- Jennison 25% Equities Growth-oriented, focusing on large-cap stocks Jennison 25% Equities Value-oriented, focusing on large-cap stocks Franklin 15% Equities Growth-oriented, focusing on small-cap and mid-cap stocks Dreyfus 15% Equities Value-oriented, focusing on small-cap and mid-cap stocks Lazard 20% International Stocks of foreign companies Equities
INVESTMENT OBJECTIVES AND POLICIES 6. On page 18 of the Prospectus, under the heading "Investment Objectives and Policies -- Conservative Growth Fund -- Fixed Income Portion," replace the first paragraph with the following: In pursuing our objective, we normally invest approximately 60% of the Fund's total assets in debt obligations of varying credit quality, including securities issued or guaranteed by the U.S. GOVERNMENT and its agencies and debt obligations issued by U.S. COMPANIES, FOREIGN COMPANIES and FOREIGN GOVERNMENTS and their agencies. 7. On page 22 of the Prospectus, under the heading "Investment Objectives and Policies -- Moderate Growth Fund -- Fixed Income Portion," replace the first paragraph with the following: In pursuing our objective, we normally invest approximately 35% of the Fund's total assets in debt obligations of varying credit quality, including securities issued or guaranteed by the U.S. GOVERNMENT and its agencies and debt obligations issued by U.S. COMPANIES, FOREIGN COMPANIES and FOREIGN GOVERNMENTS and their agencies. 3 4 8. On pages 19, 21 and 23 of the Prospectus, under the heading "Investment Objectives and Policies -- Equity Portion," with respect to each Fund, replace the paragraph referring to PIC's focus on value-oriented stocks of large companies with the following: JENNISON focuses on STOCKS OF LARGE COMPANIES, using a VALUE INVESTMENT STYLE. Jennison selects stocks that it believes are undervalued and have an above-average potential to increase in price. Jennison looks for stocks that it believes to be undervalued based on the company's sales, earnings, book value and cash flow. Jennison will consider selling a stock if it has increased in value to the point where Jennison no longer considers it to be undervalued. HOW THE TRUST IS MANAGED 9. On page 38 of the Prospectus, under the heading "Advisers and Portfolio Managers," amend the table relating to fees paid to Advisers by deleting the footnote. 4 -----END PRIVACY-ENHANCED MESSAGE-----