PIBQX - PGIM Balanced Fund- Class R6

Nasdaq - Nasdaq Delayed Price. Currency in USD

PGIM Balanced Fund- Class R6

Newark, NJ 07102

Gateway Center Three 100 Mulberry Street

Prudential Investment Portfolios, Inc.

Management Information
Michael J. Collins,Lead Manager since November 26, 2013
Michael J. Collins, CFA, is a Managing Director and Senior Portfolio Manager for Core, Core Plus, Absolute Return, and other Multi-Sector Fixed Income strategies. Previously, Mr. Collins was a High Yield Portfolio Manager and Fixed Income Investment Strategist. Earlier he was a credit research analyst, covering investment grade and high yield corporate credits. Additionally, he developed proprietary quantitative international interest rate and currency valuation models for our global bond unit. Mr. Collins began his career at the Firm in 1986 as a software applications designer. He received a BS in Mathematics and Computer Science from Binghamton University and an MBA in Finance from New York University. Mr. Collins holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Life Management Institute (FLMI). He currently serves as the Treasurer on the Board of CEA, a non-profit that provides education and employment for people with disabilities. Mr. Collins was named a 2019 winner of the Pension and Investment Provider Award for Global Multi-Asset Credit. Mr. Collins is the host of PGIM Fixed Income’s “All The Credit” podcast.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryAllocation--50% to 70% Equity
Fund FamilyPGIM Investments
Net Assets923.06M
YTD Return6.10%
Morningstar Rating★★★
Inception DateNov 6, 1996

Fund Operations

Last Dividend0.05
Last Cap Gain-3.00
Holdings Turnover109.00%
Average for CategoryN/A

Fees & Expenses

ExpensePIBQXCategory Average
Annual Report Expense Ratio (net)1.00%0.84%
Prospectus Net Expense Ratio1.00%N/A
Prospectus Gross Expense Ratio1.12%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A5.07%
Max Deferred Sales LoadN/A1.48%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A