Prudential Investments, a segment of Prudential Financial, Inc., offers a wide range of funds including equity and fixed-income, and open- and closed-end funds. The company, which has around $74 billion of assets under management, currently offers services across 41 countries and territories including the United States, Asia and Europe. Investment professionals of the company are also involved in managing assets of major corporations and pension funds throughout the globe. Founded in 1875, Prudential Financial has more than $1.4 trillion in assets under management (as of Dec 31, 2018).
Below we share with you four top-ranked Prudential Investments mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Prudential Investments mutual funds.
Prudential QMA Small-Cap Value Retirement TSVRX seeks above-average growth of capital. TSVRX invests the lion’s share of its assets in common stocks of small-cap companies. The fund invests primarily in companies whose market-cap falls within the range of the S&P SmallCap 600 Index or the Russell 2000 Index. TSVRX not only invests in U.S. equity securities and REITs but also in common stocks of non-U.S. companies. Prudential QMA Small-Cap Value Retirement has three-year annualized returns of 12.3%.
As of February 2019, TSVRX held 327 issues with 1.03% of its assets invested in IBERIABANK Corp
Prudential Global Real Estate A PURAX seeks income and capital growth. The fund invests heavily in equity securities of real estate companies as well as real estate investment trusts (REITs) and other real estate securities. Prudential Global Real Estate A has three-year annualized returns of 7.2%.
Rick J. Romano is one of the fund managers of PURAX since 2007.
PGIM Core Bond A TPCAX invests the majority of its assets in bonds. The fund also invests in securities which are rated investment-grade. TPCAX invests in different classes of bonds which include debt obligations issued by the Government of the United States, corporate debt securities, mortgage-related securities as well as asset-backed securities. PGIM Core Bond A has three-year annualized returns of 1.8%.
TPCAX has an expense ratio of 0.70% compared with the category average of 0.76%.
PGIM High Yield B PBHYX seeks appreciation of current income and capital. PBHYX invests a major portion of its assets in a diversified portfolio of fixed-income instruments with high yield and are rated Ba or lower by Moody's Investors Service (Moody's) or BB or Standard & Poor's Ratings Group (Standard & Poor's). It also invests in below investment grade securities or "junk bonds." PGIM High Yield B fund has three-year annualized returns of 8.6%.
Robert Spano is one of the fund managers of PBHYX since 2007.
To view the Zacks Rank and past performance of all Prudential Investments mutual funds, investors can click here to see the complete list of Prudential Investments mutual funds.
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