0001683863-23-007591.txt : 20231107 0001683863-23-007591.hdr.sgml : 20231107 20231107164536 ACCESSION NUMBER: 0001683863-23-007591 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231107 DATE AS OF CHANGE: 20231107 EFFECTIVENESS DATE: 20231107 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: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 231384731 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 6TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: (973) 802-5032 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 6TH 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 C000012795 Class C PCCFX C000012796 Class Z PDCZX C000176454 Class R6 PCGQX 497K 1 f36765d1.htm 497K 497K

Prudential Investment Portfolios, Inc.

PGIM Balanced Fund

Prudential Investment Portfolios 2

PGIM Quant Solutions Commodity Strategies Fund

Prudential Investment Portfolios 3

PGIM Real Assets Fund

Prudential Investment Portfolios 16

PGIM Income Builder Fund

(each, a "Fund" and collectively the "Funds")

Supplement dated November 7, 2023

to each Fund's Currently Effective Summary Prospectus, Prospectus and

Statement of Additional Information (SAI)

You should read this Supplement in conjunction with each Fund's Summary Prospectus, Prospectus and SAI, as

applicable, and retain it for future reference.

Effective immediately, Mr. Edward L. Campbell, CFA, is no longer a portfolio manager to the Funds.

To reflect this change, all references and information pertaining to Mr. Campbell are hereby removed from each Fund's Summary Prospectus, Prospectus and SAI effective immediately.

LR1459


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