PGIM INCOME BUILDER FUND | ||||
A: PCGAX |
C: PCCFX |
R: PCLRX |
Z: PDCZX |
R6: PCGQX |
The Securities and Exchange Commission
(“SEC”) has not approved or disapproved the
Fund's shares, nor has the SEC determined
that this prospectus is complete or accurate.
It is a criminal offense to state otherwise. Mutual funds are distributed by Prudential
Investment Management Services LLC, a
Prudential Financial company, member SIPC.
Jennison Associates LLC and PGIM, Inc.
(“PGIM”) are registered investment advisers
and Prudential Financial companies. PGIM
Quantitative Solutions LLC, is a wholly owned
subsidiary of PGIM and a registered
investment adviser. ©2022 Prudential
Financial, Inc. and its related entities.
Jennison Associates, Jennison, the Prudential
logo, and the Rock symbol are service marks
of Prudential Financial, Inc. and its related
entities, registered in many jurisdictions
worldwide. |
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Class A |
Class C |
Class R |
Class Z |
Class R6 |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) |
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Maximum deferred sales charge (load) (as a percentage of the lower of the original purchase price or the net
asset value at redemption) |
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Maximum sales charge (load) imposed on reinvested dividends and other distributions |
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Redemption fee |
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Exchange fee |
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Maximum account fee (accounts under $10,000) |
$ |
$ |
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Class A |
Class C |
Class R |
Class Z |
Class R6 |
Management fee |
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Distribution and service (12b-1) fees |
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Other expenses |
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Acquired Fund fees and expenses |
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Total annual Fund operating expenses |
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Fee waiver and/or expense reimbursement |
( |
( |
( |
( |
( |
Total annual Fund operating expenses after fee waiver and/or expense reimbursement(1,2) |
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Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class Z |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Share Class |
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class Z |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
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Return Before Taxes |
One Year |
Five Years |
Ten Years |
Since
Inception |
Inception
Date |
Class A shares |
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- |
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Class C shares |
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- |
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Class R shares |
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- |
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Class R6 shares |
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Class Z Shares % (as of 12-31-21) | |||||
Return Before Taxes |
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- |
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Return After Taxes on Distributions |
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- |
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Return After Taxes on Distributions and Sale of Fund Shares |
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- |
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Index % (reflects no deduction for fees, expenses or taxes) (as of 12-31-21) | |||||
S&P 500 Index |
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- |
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Bloomberg US Aggregate Bond Index |
- |
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- |
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Investment Manager |
Subadvisers |
Portfolio Managers |
Title |
Service Date |
PGIM Investments LLC |
PGIM Quantitative Solutions LLC |
Edward L. Campbell,
CFA |
Managing Director,
Co-Head of
Multi-Asset team and
Portfolio Manager |
September 2014 |
|
|
Rory Cummings, CFA |
Vice President and
Portfolio Manager |
September 2014 |
Investment Manager |
Subadvisers |
Portfolio Managers |
Title |
Service Date |
|
|
Peter Vaiciunas, CFA |
Vice President and
Portfolio Manager |
February 2018 |
|
|
Marco Aiolfi, PhD |
Managing Director,
Co-Head of
Multi-Asset team and
Portfolio Manager |
September 2022 |
|
Jennison Associates LLC |
Ubong “Bobby”
Edemeka |
Managing Director |
September 2014 |
|
|
Shaun Hong, CFA |
Managing Director |
September 2014 |
|
Class A* |
Class C* |
Class Z* |
Class R* |
Class R6 |
Minimum initial investment |
$1,000 |
$1,000 |
None |
None |
None |
Minimum subsequent investment |
$100 |
$100 |
None |
None |
None |
Underlying Funds | ||
Market Segment/ Strategy |
Name of Underlying Fund |
Investment Objective and Investment Strategies of Underlying Fund |
Equity |
PGIM Jennison MLP Fund(1)
|
The Fund seeks to provide total return through a combination of current income and
capital appreciation. The Fund normally invests at least 80% of its investable
assets in MLPs and MLP related investments (together, MLP investments). |
Equity |
PGIM Jennison Utility Fund(1)
|
The Fund seeks total return through a combination of capital appreciation and
current income.The Fund normally invests at least 80% of its investable assets in
equity and equity-related and investment-grade debt securities of utility
companies. |
Equity |
PGIM Jennison Global Infrastructure
Fund(1)
|
The Fund seeks total return. The Fund normally invests at least 80% of its
investable assets in securities of U.S. and foreign (non-U.S. based) infrastructure
companies. |
Equity |
PGIM Quant Solutions International Equity
Fund(2) |
The Fund’s investment objective is to seek long-term growth of capital. Under
normal circumstances, the Fund invests at least 80% of its investable assets (net
assets plus borrowings made for investment purposes) in common stock and
preferred stock of foreign companies. |
Equity |
PGIM Quant Solutions Emerging Markets
Equity Fund(2) |
The Fund’s investment objective is to seek to provide returns in excess of the
Morgan Stanley Capital International Emerging Markets Index over full market
cycles. The Fund seeks to achieve its investment objective by investing, under
normal conditions, at least 80% of its investable assets (net assets plus any
borrowings for investment purposes) in the equity and equity-related securities of
companies located in or otherwise economically tied to emerging markets countries. |
Real Estate |
PGIM US Real Estate Fund(3) |
The Fund’s investment objective is to seek capital appreciation and income. The
Fund normally invests at least 80% of its investable assets (net assets plus any
borrowings made for investment purposes) in the equity-related securities of real
estate companies operating in the United States, principally REITs and other real
estate securities. |
Real Estate |
PGIM Global Real Estate Fund(3) |
The Fund’s investment objective is to seek capital appreciation and income. The
Fund normally invests at least 80% of its investable assets (net assets plus any
borrowings made for investment purposes) in the equity-related securities of real
estate companies, principally REITs, and other real estate securities. |
Real Estate |
PGIM Real Estate Income Fund(3) |
The Fund seeks to achieve its investment objective of seeking income and capital
appreciation by investing primarily in real estate securities that the subadviser
believes offer the potential for income. The Fund normally invests at least 80% of
its investable assets in equity and equity-related securities of real estate
companies, principally REITs, and other real estate securities. |
Fixed Income |
PGIM Short-Term Corporate Bond Fund(4) |
The Fund seeks high current income consistent with the preservation of principal.
The Fund invests, under normal circumstances, at least 80% of its investable
assets in bonds of corporations with varying maturities. The effective duration of
the Fund’s portfolio is generally less than three years. |
Underlying Funds | ||
Market Segment/ Strategy |
Name of Underlying Fund |
Investment Objective and Investment Strategies of Underlying Fund |
Fixed Income |
PGIM Core Ultra Short Bond Fund(4) |
The investment objective of the Fund is current income consistent with the
preservation of capital and the maintenance of liquidity. The Fund invests in a
diversified portfolio of short-term debt obligations issued by the U.S. Government,
its agencies and instrumentalities, as well as commercial paper, asset-backed
securities, funding agreements, variable rate demand notes, bills, notes and other
obligations issued by banks, corporations and other companies (including trust
structures), obligations issued by foreign banks, companies or foreign governments,
and municipal bonds and notes. The Fund seeks to invest in securities that present
minimal credit risk. |
Fixed Income |
PGIM Emerging Markets Debt Local
Currency Fund(5) |
The Fund’s investment objective is to seek total return, through a combination of
current income and capital appreciation. The Fund seeks to achieve its investment
objective by investing under normal circumstances at least 80% of its investable
assets in currencies of, and fixed-income instruments denominated in local
currencies of, emerging market countries. |
Fixed Income |
PGIM Active High Yield Bond ETF(5) |
The Fund’s investment objective is to seek total return, through a combination of
current income and capital appreciation. Under normal market conditions, the Fund
invests at least 80% of its investable assets in a diversified portfolio of high yield
bonds that are below investment grade and other investments (including
derivatives) with similar economic characteristics. The Fund is an actively managed
ETF and, thus, does not seek to replicate the performance of a specified index. |
Fixed Income |
PGIM Emerging Markets Debt Hard
Currency Fund(4) |
The Fund’s investment objective is total return, through a combination of current
income and capital appreciation. The Fund seeks to achieve its investment objective
by investing under normal circumstances at least 80% of its investable assets in
fixed-income instruments that are economically tied to emerging market countries
and that are denominated in hard currencies. The Fund defines “hard currencies”
as the U.S. dollar or any currency of a nation in the G-7 (U.S., Japan, Germany, Italy,
the United Kingdom, France and Canada). |
Fixed Income |
PGIM Core Conservative Bond Fund(4) |
The Fund’s investment objective is to outperform the Bloomberg U.S. Aggregate
Bond Index (the “Index”) over full market cycles. The Fund invests at least 80% of
its investable assets in bonds under normal circumstances. In pursuit of this policy,
the Fund may invest a large percentage of its investable assets in securities
included in the Index. |
Fixed Income |
PGIM Active Aggregate Bond ETF(5) |
The investment objective of the Fund is to seek total return, through a combination
of current income and capital appreciation. The Fund invests, under normal
circumstances, at least 80% of its investable assets in bonds. In pursuit of this
policy, the Fund may invest a large percentage of its investable assets in securities
included in the Bloomberg US Aggregate Bond Index. |
Principal Strategies: Investment Limits |
◾Exposure to Equity and Equity-Related Securities: May range between 20% to 80% of total assets ◾Exposure to Fixed Income Instruments: May range between 20% to 80% of total assets |
Certain Non-Principal Strategies: Investment Limits |
◾Derivatives: Up to 25% of total assets (subject to the Fund's operation under the requirements of Rule 18f-4 under the
Investment Company Act of 1940) ◾Illiquid Investments: Up to 15% of net assets ◾Money Market Instruments: Up to 100% of total assets on a temporary basis ◾Short Sales (excluding Short Sales “against the box”): Up to 25% of net assets ◾ETFs: Percentages vary ◾Foreign Equity-Related Securities: Up to 20% of investable assets ◾REITs: Up to 15% of investable assets ◾Convertible Securities: Up to 15% of investable assets ◾Preferred Securities: Up to 15% of investable assets |
Expected Distribution Schedule* |
|
Net Investment Income |
Monthly |
Short-Term Capital Gains |
Annually |
Long-Term Capital Gains |
Annually |
Share Class |
Eligibility |
Class A* |
Retail investors |
Class C* |
Retail investors |
Class R* |
Certain group retirement plans |
Class Z* |
Certain group retirement plans, institutional investors and certain other investors |
Class R6 |
Certain group retirement plans, institutional investors and certain other investors |
|
Class A* |
Class C* |
Class Z* |
Class R* |
Class R6 |
Minimum purchase amount |
$1,000 |
$1,000 |
None |
None |
None |
Minimum amount for subsequent purchases |
$100 |
$100 |
None |
None |
None |
Maximum initial sales charge |
4.50% of the public
offering price |
None |
None |
None |
None |
Contingent Deferred Sales Charge (CDSC)
(as a percentage of the lower of the original
purchase price or the net asset value at
redemption) |
1.00% on sales of $1
million or more made
within 12 months of
purchase |
1.00% on sales made
within 12 months of
purchase |
None |
None |
None |
Annual distribution and service (12b-1) fees
(shown as a percentage of average daily net
assets) |
0.30% (0.25%
currently) |
1.00% |
None |
0.75% (0.50%
currently) |
None |
|
Class A |
Class C |
Class Z |
Class R |
Existing Investors (Group Retirement Plans,
IRAs, and all other investors) |
No Change |
No Change |
No Change |
No Change |
New Group Retirement Plans |
Closed to group retirement plans wishing to add the share classes as new additions to plan menus on June 1, 2018,
subject to certain exceptions below | |||
New IRAs |
No Change |
No Change |
No Change |
Closed to all new
investors on June 1, 2018,
subject to certain
exceptions below |
All Other New Investors |
No Change |
No Change |
No Change |
Amount of Purchase |
Sales Charge as a % of
Offering Price* |
Sales Charge as a % of
Amount Invested* |
Dealer Reallowance*** |
Less than $50,000 |
4.50% |
4.71% |
4.00% |
$50,000 to $99,999 |
4.00% |
4.17% |
3.50% |
$100,000 to $249,999 |
3.50% |
3.63% |
3.00% |
$250,000 to $499,999 |
2.50% |
2.56% |
2.00% |
$500,000 to $999,999 |
2.00% |
2.04% |
1.75% |
$1 million to $4,999,999** |
None |
None |
1.00% |
$5 million to $9,999,999** |
None |
None |
0.50% |
$10 million and over** |
None |
None |
0.25% |
Class A Shares | |||||
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$10.54 |
$8.99 |
$9.69 |
$9.12 |
$9.62 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.37 |
0.31 |
0.33 |
0.36 |
0.35 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(1.79) |
1.59 |
(0.67) |
0.62 |
(0.46) |
Total from investment operations |
(1.42) |
1.90 |
(0.34) |
0.98 |
(0.11) |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.53) |
(0.32) |
(0.36) |
(0.40) |
(0.33) |
Tax return of capital distributions |
(0.01) |
(0.03) |
- |
(0.01) |
(0.06) |
Total dividends and distributions |
(0.54) |
(0.35) |
(0.36) |
(0.41) |
(0.39) |
Net asset value, end of Year |
$8.58 |
$10.54 |
$8.99 |
$9.69 |
$9.12 |
Total Return(b): |
(14.00)% |
21.34% |
(3.44)% |
11.01% |
(1.22)% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$117,163 |
$146,331 |
$130,648 |
$156,683 |
$153,762 |
Average net assets (000) |
$131,832 |
$144,478 |
$141,977 |
$153,066 |
$169,651 |
Ratios to average net assets(c): | |||||
Expenses after waivers and/or expense reimbursement |
0.43% |
0.43% |
0.80% |
0.85% |
0.85% |
Expenses before waivers and/or expense reimbursement |
1.24% |
1.22% |
1.28% |
1.28% |
1.25% |
Net investment income (loss) |
3.85% |
3.04% |
3.61% |
3.82% |
3.63% |
Portfolio turnover rate(d) |
59% |
53% |
84% |
110% |
114% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year
reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(c) |
Does not include expenses of the underlying funds in which the Fund invests. |
(d) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class C Shares | |||||
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$10.30 |
$8.79 |
$9.49 |
$8.94 |
$9.44 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.29 |
0.23 |
0.26 |
0.28 |
0.27 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(1.74) |
1.55 |
(0.66) |
0.61 |
(0.45) |
Total from investment operations |
(1.45) |
1.78 |
(0.40) |
0.89 |
(0.18) |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.46) |
(0.24) |
(0.30) |
(0.33) |
(0.27) |
Tax return of capital distributions |
(0.01) |
(0.03) |
- |
(0.01) |
(0.05) |
Total dividends and distributions |
(0.47) |
(0.27) |
(0.30) |
(0.34) |
(0.32) |
Net asset value, end of Year |
$8.38 |
$10.30 |
$8.79 |
$9.49 |
$8.94 |
Total Return(b): |
(14.60)% |
20.47% |
(4.22)% |
10.32% |
(1.98)% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$48,573 |
$72,376 |
$75,284 |
$100,653 |
$109,767 |
Average net assets (000) |
$61,083 |
$76,740 |
$87,849 |
$103,441 |
$123,584 |
Ratios to average net assets(c): | |||||
Expenses after waivers and/or expense reimbursement |
1.18% |
1.18% |
1.55% |
1.60% |
1.60% |
Expenses before waivers and/or expense reimbursement |
1.92% |
1.89% |
1.96% |
1.96% |
1.94% |
Net investment income (loss) |
3.13% |
2.32% |
2.88% |
3.09% |
2.88% |
Portfolio turnover rate(d) |
59% |
53% |
84% |
110% |
114% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year
reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(c) |
Does not include expenses of the underlying funds in which the Fund invests. |
(d) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R Shares | |||||
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$10.52 |
$8.97 |
$9.68 |
$9.10 |
$9.61 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.36 |
0.28 |
0.31 |
0.34 |
0.31 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(1.80) |
1.59 |
(0.68) |
0.63 |
(0.45) |
Total from investment operations |
(1.44) |
1.87 |
(0.37) |
0.97 |
(0.14) |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.50) |
(0.29) |
(0.34) |
(0.38) |
(0.31) |
Tax return of capital distributions |
(0.01) |
(0.03) |
- |
(0.01) |
(0.06) |
Total dividends and distributions |
(0.51) |
(0.32) |
(0.34) |
(0.39) |
(0.37) |
Net asset value, end of Year |
$8.57 |
$10.52 |
$8.97 |
$9.68 |
$9.10 |
Total Return(b): |
(14.15)% |
21.09% |
(3.79)% |
10.88% |
(1.58)% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$923 |
$1,465 |
$1,369 |
$1,762 |
$1,768 |
Average net assets (000) |
$1,144 |
$1,505 |
$1,532 |
$1,787 |
$1,196 |
Ratios to average net assets(c): | |||||
Expenses after waivers and/or expense reimbursement |
0.68% |
0.68% |
1.05% |
1.10% |
1.10% |
Expenses before waivers and/or expense reimbursement |
2.68% |
2.33% |
2.81% |
2.48% |
3.02% |
Net investment income (loss) |
3.75% |
2.80% |
3.37% |
3.57% |
3.25% |
Portfolio turnover rate(d) |
59% |
53% |
84% |
110% |
114% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(c) |
Does not include expenses of the underlying funds in which the Fund invests. |
(d) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class Z Shares | |||||
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$10.63 |
$9.06 |
$9.76 |
$9.18 |
$9.69 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.40 |
0.34 |
0.36 |
0.39 |
0.37 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(1.82) |
1.61 |
(0.68) |
0.63 |
(0.46) |
Total from investment operations |
(1.42) |
1.95 |
(0.32) |
1.02 |
(0.09) |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.55) |
(0.35) |
(0.38) |
(0.42) |
(0.36) |
Tax return of capital distributions |
(0.01) |
(0.03) |
- |
(0.02) |
(0.06) |
Total dividends and distributions |
(0.56) |
(0.38) |
(0.38) |
(0.44) |
(0.42) |
Net asset value, end of Year |
$8.65 |
$10.63 |
$9.06 |
$9.76 |
$9.18 |
Total Return(b): |
(13.85)% |
21.71% |
(3.28)% |
11.44% |
(1.08)% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$81,362 |
$114,491 |
$102,220 |
$147,834 |
$133,029 |
Average net assets (000) |
$97,972 |
$111,577 |
$126,142 |
$135,434 |
$141,463 |
Ratios to average net assets(c): | |||||
Expenses after waivers and/or expense reimbursement |
0.18% |
0.18% |
0.55% |
0.60% |
0.60% |
Expenses before waivers and/or expense reimbursement |
0.92% |
0.91% |
0.97% |
0.97% |
0.96% |
Net investment income (loss) |
4.13% |
3.29% |
3.90% |
4.06% |
3.87% |
Portfolio turnover rate(d) |
59% |
53% |
84% |
110% |
114% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(c) |
Does not include expenses of the underlying funds in which the Fund invests. |
(d) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
Class R6 Shares | |||||
|
Year Ended October 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per Share Operating Performance(a): | |||||
Net Asset Value, Beginning of Year |
$10.62 |
$9.05 |
$9.76 |
$9.18 |
$9.69 |
Income (loss) from investment operations: | |||||
Net investment income (loss) |
0.39 |
0.34 |
0.35 |
0.38 |
0.37 |
Net realized and unrealized gain (loss) on investment and foreign currency
transactions |
(1.80) |
1.61 |
(0.68) |
0.64 |
(0.46) |
Total from investment operations |
(1.41) |
1.95 |
(0.33) |
1.02 |
(0.09) |
Less Dividends and Distributions: | |||||
Dividends from net investment income |
(0.55) |
(0.35) |
(0.38) |
(0.42) |
(0.36) |
Tax return of capital distributions |
(0.01) |
(0.03) |
- |
(0.02) |
(0.06) |
Total dividends and distributions |
(0.56) |
(0.38) |
(0.38) |
(0.44) |
(0.42) |
Net asset value, end of Year |
$8.65 |
$10.62 |
$9.05 |
$9.76 |
$9.18 |
Total Return(b): |
(13.76)% |
21.73% |
(3.28)% |
11.33% |
(1.07)% |
| |||||
Ratios/Supplemental Data: | |||||
Net assets, end of Year (000) |
$5,441 |
$5,695 |
$4,552 |
$4,840 |
$3,343 |
Average net assets (000) |
$5,639 |
$5,261 |
$4,769 |
$4,163 |
$3,088 |
Ratios to average net assets(c): | |||||
Expenses after waivers and/or expense reimbursement |
0.18% |
0.18% |
0.54% |
0.60% |
0.60% |
Expenses before waivers and/or expense reimbursement |
1.07% |
0.99% |
1.21% |
1.05% |
1.32% |
Net investment income (loss) |
4.05% |
3.28% |
3.85% |
4.04% |
3.85% |
Portfolio turnover rate(d) |
59% |
53% |
84% |
110% |
114% |
(a) |
Calculated based on average shares outstanding during the year. |
(b) |
Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of dividends and
distributions, if any. Total returns may reflect adjustments to conform to GAAP. |
(c) |
Does not include expenses of the underlying funds in which the Fund invests. |
(d) |
The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives
and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher. |
FOR MORE INFORMATION
Please read this Prospectus before you invest in the Fund and keep it for future reference.
For information or shareholder questions contact: | |
◾MAIL
Prudential Mutual Fund Services LLC
P.O. Box 534432
Pittsburgh, PA 15253-4432 ◾WEBSITE
www.pgim.com/investments |
◾TELEPHONE
(800) 225-1852
(973) 367-3529
(from outside the U.S.) |
◾E-DELIVERY
To receive your mutual fund documents on-line, go to pgim.com/investments/resource/edelivery and enroll.
Instead of receiving printed documents by mail, you will receive notification via email when new materials are
available. You can cancel your enrollment or change your email address at any time by visiting the website address
above. |
The Annual and Semi-Annual Reports and the SAI contain additional information about the Fund. Shareholders may
obtain free copies of the SAI, Annual Report and Semi-Annual Report as well as other information about the Fund
and may make other shareholder inquiries through the telephone number, address and website listed above. | |
◾STATEMENT OF ADDITIONAL INFORMATION
(incorporated by reference into this Prospectus) ◾SEMI-ANNUAL REPORT |
◾ANNUAL REPORT
(contains a discussion of the market conditions and
investment strategies that significantly affected the
Fund's performance during the last fiscal year) |
You can also obtain copies of Fund documents, including the SAI, from the SEC as follows (the SEC charges a fee to
copy documents): | |
◾ELECTRONIC REQUEST
publicinfo@sec.gov |
◾VIA THE INTERNET
on the EDGAR Database at www.sec.gov |
PGIM Income Builder Fund | |||||
Share Class |
A |
C |
R |
Z |
R6 |
NASDAQ |
PCGAX |
PCCFX |
PCLRX |
PDCZX |
PCGQX |
CUSIP |
74442X108 |
74442X306 |
74442X405 |
74442X504 |
74442X769 |