0001683863-20-010836.txt : 20200615 0001683863-20-010836.hdr.sgml : 20200615 20200615141654 ACCESSION NUMBER: 0001683863-20-010836 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200615 DATE AS OF CHANGE: 20200615 EFFECTIVENESS DATE: 20200615 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: 20962849 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 f6113d1.htm PROSPECTUS SUPPLEMENT

Supplement dated June 15, 2020

to the Currently Effective Prospectus of

the PGIM Income Builder Fund

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

Effective June 15, 2020, the section entitled “More about the Fund’s Principal and Non-Principal Investment Strategies, Investments and Risks – Investments and Investment Strategies –Jennison – Equity and Equity-Related Securities” in the Fund's Statutory Prospectus is amended to add the following:

With respect to the equity and equity-related securities sleeve of the Fund allocated by QMA to be managed by Jennison, Jennison may invest: up to 20% of the Fund’s investable assets in foreign equity-related securities; up to 15% of the Fund’s investable assets in REITs; up to 15% of its investable assets in convertible securities; and up to 15% of the Fund’s investable assets in preferred securities. The foregoing limits do not apply to Jennison’s management of the Master Limited Partnership (MLP) strategy.

LR1319