0001193125-18-340871.txt : 20181203 0001193125-18-340871.hdr.sgml : 20181203 20181203140105 ACCESSION NUMBER: 0001193125-18-340871 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181203 DATE AS OF CHANGE: 20181203 EFFECTIVENESS DATE: 20181203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS 16 CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 181213660 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 d661579d497.htm SUPPLEMENT Supplement

Prudential Investment Portfolios 16

PGIM Income Builder Fund

Supplement dated December 3, 2018 to the Fund’s Currently Effective Statement of Additional Information (SAI)

 

Effective Immediately, the information below is replacing the information currently within the SAI. To reflect this change, the SAI is revised, as follows:

 

  1.

In Part I of the SAI, the table entitled “Portfolio Managers: Personal Investments and Financial Interests” is revised by adding the following information:

 

Portfolio

Managers

    Investments and Other Financial Interests in the Fund and Similar Strategies1,2

Shaun Hong, CFA

    Over $1,000,000

Ubong “Bobby” Edemeka

    $100,001 - $500,000

Stephen J. Maresca, CFA

    $100,001 - $500,000

1. Information in the above table is as of October 31, 2018.

2. “Investments and Other Financial Interests in the Fund and Similar Strategies” include the Fund and all other investment accounts which are managed by the same portfolio manager that utilize investment strategies, investment objectives and policies that are similar to those of the Fund. “Other Investment Accounts” in similar strategies includes other mutual funds, including Prudential mutual funds, insurance company separate accounts, and collective and commingled trusts. “Investments” include holdings in the Fund and in investment accounts in similar strategies, including shares or units that may be held through a 401(k) or other retirement plan. “Other Financial Interests” include an investment professional’s notional investments in the Fund through a deferred compensation plan for Jennison employees where such notional investments track the performance of the Fund and are subject to increase or decrease based on the annual performance of the Fund.

The dollar ranges for each Portfolio Manager’s investment in the Fund are as follows for each of: Shaun Hong, CFA; Ubong “Bobby” Edemeka; and Stephen J. Maresca, CFA: None.

 

LR1140