Effective March 15, 2024, Peter Vaiciunas is no longer a portfolio manager for PGIM Income Builder. Vaiciunas had comanaged the asset allocation of the fund alongside Rory Cummings and Marco Aiolfi. Vaiciunas will remain at the firm until May, facilitating a smooth transition of his responsibilities. The firm added Manoj Rengarajan to the management roster. Rengarajan has 23 years of investing experience and almost six years with the PGIM Quantitative Solutions multi-asset team. This change comes after the November 2023 retirement of portfolio manager Edward Campbell. However, aside from these two departures, the management roster here has been stable in the past several years. Owing to the capability of the remaining portfolio managers and the multi-asset group's team-based approach, the strategy maintains its Average People rating.
PGIM Income Builder R PCLRX
- NAV / 1-Day Return 9.52 / +0.09 %
- Total Assets 240.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.430%
- Distribution Fee Level Above Average
- Share Class Type Retirement, Small
- Category Moderate Allocation
- Investment Style Large Value
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Status Limited
- TTM Yield 4.65%
- Turnover 28%
USD | NAV as of Mar 29, 2024 | 1-Day Return as of Mar 29, 2024, 12:14 AM GMT+0
Morningstar’s Analysis PCLRX
Will PCLRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 83.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PGIM Emerging Markets Debt Hard Ccy R6 | 15.19 | 36.0 Mil | — |
PGIM Quant Solutions International Eq R6 | 13.27 | 31.5 Mil | — |
PGIM Real Estate Income R6 | 11.43 | 27.1 Mil | — |
PGIM Active High Yield Bond ETF | 11.09 | 26.3 Mil | — |
PGIM Jennison MLP R6 | 10.32 | 24.5 Mil | — |
PGIM Core Conservative Bond R6 | 9.32 | 22.1 Mil | — |
PGIM Active Aggregate Bond ETF | 9.19 | 21.8 Mil | — |
Invesco Preferred ETF | 1.57 | 3.7 Mil | — |
SPDR® Blmbg Convert Secs ETF | 1.04 | 2.5 Mil | — |
iShares 0-5 Year High Yield Corp Bd ETF | 1.02 | 2.4 Mil | — |