0001683863-20-008986.txt : 20200506 0001683863-20-008986.hdr.sgml : 20200506 20200506145735 ACCESSION NUMBER: 0001683863-20-008986 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200506 DATE AS OF CHANGE: 20200506 EFFECTIVENESS DATE: 20200506 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: 20852288 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 f5500d1.htm SUPPLEMENT

PRUDENTIAL INVESTMENT PORTFOLIOS 16 

PGIM Income Builder Fund 

(the “Fund”) 

  

Supplement dated May 6, 2020 to the
Currently Effective Summary Prospectus, Prospectus and
Statement of Additional Information (SAI) 

  

  

This supplement should be read in conjunction with your Summary Prospectus, Statutory Prospectus and SAI, be retained for future reference and is in addition to any existing Fund supplements. 

  

Effective immediately, all references to "PGIM Fund Management Limited" in the Fund's Summary Prospectus, Prospectus and Statement of Additional Information are replaced with "PGIM Real Estate (UK) Limited". 

  

In the Fund's Statutory Prospectus, in the section titled "How the Fund is Managed – Subadvisers" the paragraph regarding PGIM Fund Management Limited is deleted and replaced with the following: 

  

PGIM Real Estate (UK) Limited is an indirect wholly-owned subsidiary of PGIM. PGIM Real Estate (UK) Limited is located at Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Real Estate (UK) provides investment advisory services with respect to securities in certain foreign markets. As of December 31, 2019, PGIM Real Estate (UK) Limited-PGIM Real Estate managed approximately $972,858,952 in assets. 

  

  

LR1312